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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss" X$ J7 _. h* W- h( M
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Edmonton home builders working 'flat out' to meet demand# s: O' J; G" Q ?, R) B
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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: I# T7 s: G( @" H& x( p8 zAlberta economy is Canada's strongest, says new report: J5 Z% ?0 s+ H: }4 U& r" M
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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. }8 o9 o _. n* i
+ N6 m1 S. ^: c# g D2 KBuilders 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.
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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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9 F& u( o; F/ [& |“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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1 f$ U) G+ M N2 b* R' |# F1 x& r“Wages are growing so more people are looking to move into a home.”3 h& y' \7 M/ t$ q I9 B2 D
e# L/ l- s0 O! wTrades 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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