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Edmonton home builders working 'flat out' to meet demand
6 s# ?8 y/ p2 r5 L# tCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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2 E- l# ^% q8 }" \/ u' DAverage house costs in Edmonton reach record high
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7 {7 I9 N3 }' \9 TAlberta economy is Canada's strongest, says new report$ @% o4 I* O1 @! N
- t, u1 Y2 |. S$ q( v, f3 OEdmonton 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.+ y7 s% @1 X" ~. G/ ?8 o9 s( L
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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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. s: E# v. m/ A3 v# ~' N Q7 QThe 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.5 B8 k) [% ?! E! r7 N- D1 L
; x" [2 Z! d7 g8 s0 `! I“Wages are growing so more people are looking to move into a home.”7 D( H6 r/ P; L1 e- Q+ a$ q/ f
5 Y/ Q) B3 |& lTrades 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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