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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Edmonton home builders working 'flat out' to meet demand
- e" h7 M% w+ Y' w% ^" |5 o5 `8 zCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT. n4 u% G2 d" V `( P( P
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2 G E) r. p7 h4 M7 I5 qAverage house costs in Edmonton reach record high! q9 M: A' }! W
. J( @; ^6 D) \Alberta economy is Canada's strongest, says new report
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4 |) Q! ^/ O# g1 i* ZEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005., k, D- N% H. P% _
+ g& d% E/ v% @: F+ P2 |Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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5 z1 ^$ m; N0 ^1 g! Z“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.6 P5 w" A+ n! Q9 l2 p e
2 o8 U% Z7 o1 \$ p, t5 L) k& W" pThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation. F6 W: k1 T( B1 d: |
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“If you look at the number of people who are moving into Edmonton, it’s record high levels so that’s contributing to that expanding demand,” she said.
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; ^) y" K( Z, H* s“Wages are growing so more people are looking to move into a home.”
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4 r9 o2 a" Y6 A, @* JTrades workers like electricians, plumbers and heating contractors have been challenging to find but Busby from Landmark Homes says the situation isn’t as bad as it was nine years ago。 |
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