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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
- x5 R, Z$ V1 Y+ TCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT- y% B a* c2 Y- M, V# o5 S
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4 w, \9 I+ f: ]3 c0 Z+ @Average house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report' h2 g- j& l0 n$ M) q( |
$ L3 ~2 {# U! qEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.4 i2 ^8 x/ `6 R1 J6 f9 g4 i5 H
4 v- w+ O( j6 bBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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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.
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* F X( d. h# `9 d0 h" @' O1 c“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.& n0 u9 v9 N) J; B
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“Wages are growing so more people are looking to move into a home.”
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; W: t" X4 ^0 D2 _) R; Z0 j. RTrades 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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