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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss L& S1 U2 w1 B
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Edmonton home builders working 'flat out' to meet demand) \: Y1 \2 L' b8 y" X" I
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 high
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# p. [6 i% H/ k( |Alberta economy is Canada's strongest, says new report1 ?5 G/ Z$ R/ h) `/ y
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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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' L# T1 B3 i9 I4 @5 o/ L7 B+ q$ OBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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- u2 u+ v8 q$ T# }“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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) S. X* o& N- W. G! I0 q9 h/ CThe 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.& ?8 n2 \% z# u
+ U" E/ w; u; a0 u5 \“Wages are growing so more people are looking to move into a home.”
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6 E/ T3 B1 c' iTrades 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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