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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Edmonton home builders working 'flat out' to meet demand
: m l) H* o% L$ ~CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT% v5 |% ~+ @# E. c+ Z7 Y; N/ q
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% k) h# u+ a! b- m% F% j3 G6 wAverage house costs in Edmonton reach record high* W q; \" a+ o( N2 r5 \# h
7 B! w& p% v+ A ^Alberta economy is Canada's strongest, says new report0 j5 v; ^1 X5 E8 _" X" e3 {
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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 2005.7 s) X( N/ i2 A& J* p
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.- t- m. b' o& \6 k' F% f2 h i% U
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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.2 W1 [9 w6 L/ O$ A/ [
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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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) i. F0 v8 V/ e. N m: 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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8 a0 I2 n3 d$ x. Z& T' d) d# \+ u“Wages are growing so more people are looking to move into a home.”
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Trades 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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