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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
9 Q4 T/ r8 F' H5 V! L/ Y/ xCBC 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 high4 _- \% r @8 x) o7 M
! o2 ~ @5 t( |Alberta economy is Canada's strongest, says new report. ]' a9 x6 f8 U9 x+ ~
" ~% H1 P* o9 HEdmonton 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.% Q3 o4 ]* c- h( V4 g. I2 i
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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.$ G6 E6 P8 D0 Q& B; p
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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.& d* v! F, r, |* \0 X( o
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“Wages are growing so more people are looking to move into a home.”8 B. m' D4 e5 i0 L
/ S6 U e( X9 VTrades 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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