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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss2 A& @5 j4 D. k& Z& D
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Edmonton home builders working 'flat out' to meet demand
! `6 S' t: P# ?; dCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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, b. J, o3 K- aAverage house costs in Edmonton reach record high& ?4 N7 H4 I, x
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Alberta economy is Canada's strongest, says new report
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; M* [# e8 R0 K5 v2 LEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005. d) b. X4 S/ h& R: W, W- t- }6 r3 }
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.' z# c! `$ h7 s. Q7 V& d6 q
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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.
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The increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation., {# g6 V' \ ]' p) }
: M1 x. {$ ]" X0 x: F! d' F“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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“Wages are growing so more people are looking to move into a home.”3 o) {' z1 t$ S; h4 C
5 i8 H9 E0 k& o+ ? x pTrades 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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