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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
( r {; t2 ]6 A# h. r$ C5 t RCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT3 B' t6 c: o0 v9 @( k9 U: v3 k. k
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Average house costs in Edmonton reach record high
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/ @1 ?1 _, i" ~' h# O4 b7 x$ ^Alberta economy is Canada's strongest, says new report: l5 A+ N' ~% w' r- v( J
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Edmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.8 m+ J/ H! L# t( \- v9 `4 z
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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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' s8 V2 Z* r7 d0 nThe 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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“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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+ P2 z6 @/ _; I0 @* t“Wages are growing so more people are looking to move into a home.”
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8 t. p8 m0 a7 d8 v q" g) q1 KTrades 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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