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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( i6 L* n# y ^CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT: C" \( g' ^ r0 |! N, ?2 b6 Q
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' a8 |* V, C& I+ o4 ?; h9 hAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report/ G5 P0 M$ O8 c: ?4 m: F1 g& U
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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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6 N, C8 P' k/ _" h0 \4 V7 F' f, b) cBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.$ H+ e; ]/ t% M( l! n
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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.# Y6 T. {. [* [, ^* O7 N3 T& L5 z1 u
* x; h( X b. \$ y“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.: H/ k5 p8 z: g' O y4 D# D
3 I4 K& U( W, i9 J3 _“Wages are growing so more people are looking to move into a home.”
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Trades 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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