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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss* W% f( \( R3 j5 \ v# y
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- Y1 X6 e7 \7 t/ b4 UEdmonton home builders working 'flat out' to meet demand
: l4 K1 x O( J% b+ h3 {! } j$ u/ oCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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6 B3 l4 H* V/ [' a8 i# P- |, @( dAverage house costs in Edmonton reach record high
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; ]( e# X. \: Z" u) z6 p( OAlberta economy is Canada's strongest, says new report
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, {5 b, O. d L- z: y( NEdmonton 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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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.$ H$ Z4 f0 v% C0 c7 P8 p8 J) c& E
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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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' k, V) N' N4 y$ e8 z9 i$ S) g3 t“Wages are growing so more people are looking to move into a home.”
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. W7 ~, Y8 W. s# MTrades 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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