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Edmonton home builders working 'flat out' to meet demand! R! B% \! E7 A+ Q# A! w8 d8 x
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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$ N& l+ q2 ?' j0 s, }9 e4 q6 ~Average house costs in Edmonton reach record high/ \3 t2 b; C1 J) |8 @+ l) F
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Alberta economy is Canada's strongest, says new report3 z; n1 B. j5 J" Q" k
0 X/ f* z% w" {1 ]$ MEdmonton 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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' X" V$ a" t) i“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.! ]: j! N4 p: z( Y% c
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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.
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“Wages are growing so more people are looking to move into a home.”' A$ m/ d6 e; D2 y
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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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