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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss* n1 _! I3 \- S: J
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Edmonton home builders working 'flat out' to meet demand7 c; V) E1 Q5 F/ P
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT7 A7 A- h8 d( E) V
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4 h& x5 ~5 e `; I5 s( e: y$ xAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report1 H' K1 Q+ ^+ Q$ L/ M9 Z
* h l3 Q( C k ^5 k( `Edmonton 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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: A. i; s- S0 Y5 w6 Z9 A' GBuilders 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.4 o* z0 v* J3 ?' v$ r8 w+ j5 h
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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.* w9 a1 H0 N+ j. \. `- _+ J, p
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“Wages are growing so more people are looking to move into a home.”* c7 Y. x3 w1 {$ r8 I- F% {
! t1 V- `5 I+ O$ X5 c/ `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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