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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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A0 W5 ?' O/ {Edmonton home builders working 'flat out' to meet demand3 k- e. G2 ^6 v) v
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 high1 W6 S# k6 p) d/ i. ]: Q& }/ ~
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Alberta economy is Canada's strongest, says new report& q$ e2 v: ~% W* W# K( `
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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.# u! W, V, X+ N! \ n+ K+ Y* z- M
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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.- |+ }! \& }' G% X6 {
' ~8 U# M5 i4 }) J5 {9 `- P8 gThe 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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# [! P5 S# J$ S+ f- f- b1 Q“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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% @# a6 K5 }; Y* _& A1 j/ s6 ^“Wages are growing so more people are looking to move into a home.”7 Y# f2 y& F5 l9 `5 R
# b& a% v$ U! z! ETrades 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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