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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
- A: ]9 h7 H# l XCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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& X, h$ E4 ^* l, `& ?" j% y. d: ^Average house costs in Edmonton reach record high" ]8 b+ G! Y4 Y- Q7 M7 `# ^
6 m5 f4 O' M4 N/ M) p& C8 g; ]+ J xAlberta economy is Canada's strongest, says new report7 i! P( a4 b. Z. P: U% V
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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. b6 V% N3 y! f
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.: o9 b$ w: Q3 T" I3 ^1 L% d2 x
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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.( Q, D j, ?6 u7 |: ~/ {$ H J
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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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“Wages are growing so more people are looking to move into a home.”
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& ?2 G) O9 I9 j; m# o2 S' Z# qTrades 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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