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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss5 e9 D- }4 h9 |* u) Y( U. R& |
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" {' n( L/ T9 a$ MEdmonton home builders working 'flat out' to meet demand( w: f" _6 Y: T# x R G
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT) J8 W; f9 |( a, p3 v+ ^+ C
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Average house costs in Edmonton reach record high& c" z' |1 z5 ^+ F
3 H2 g/ }5 {6 @7 O* K( @' ?4 b& dAlberta economy is Canada's strongest, says new report
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! [5 Q- ~( [3 [: f5 r: ~" U' [Edmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.% ]8 y. P8 g/ t1 H" b) q# t6 G9 z
. z& `) P3 p& ]! u- a U, }- ZBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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) E8 k4 H% u( z“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.
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7 F! F# Z+ w$ D5 o“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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. Q9 T0 \: O- i8 W+ _) T! u: o; J“Wages are growing so more people are looking to move into a home.”
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) h8 q9 P, ~2 R* A( f4 aTrades 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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