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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss# O, B+ `# k @. k ]$ o2 H- l
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2 M+ A; K' N2 n) UEdmonton home builders working 'flat out' to meet demand1 {+ H2 s/ I' p( l1 r; B% i; _
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT4 N+ s7 n5 g$ i
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, w! D1 v: O2 EAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report. @0 {4 Y# M# i6 }8 G
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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.
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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.9 K# m4 S7 h. l5 E6 A* e+ o+ ^8 X
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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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“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 y g( C" k( i3 l( V4 K
4 t0 G. G* e$ R# i: L“Wages are growing so more people are looking to move into a home.”8 e+ l8 a4 J- B+ E, }. w- w8 U
+ Z: q/ \+ E2 k* U4 K% S& y; 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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