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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss1 l, N! w1 B& K: Z0 X& d
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Edmonton home builders working 'flat out' to meet demand
) u6 F- J( P- @CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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Average house costs in Edmonton reach record high7 H2 w: f* N! q! e# w
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Alberta economy is Canada's strongest, says new report
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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.; Q/ {* @* L9 G( K' v2 r
6 ^+ R; \! T8 E+ o0 N% a! i! GBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.& t4 J/ s0 q2 X& |8 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./ r- p7 x+ b: g- t
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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.5 Y( r. k x# j( @* ^6 g- U" ^
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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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3 N% A8 y6 J& v3 ]/ S6 m8 E“Wages are growing so more people are looking to move into a home.”
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* c5 l6 b! P7 d7 C2 C7 HTrades 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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