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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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7 o; N- ^ C1 p) A A7 ]4 aEdmonton home builders working 'flat out' to meet demand" `: H) R# d' v' S, d2 g5 l y
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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* }" @3 Q% B2 ]$ _( ^Average house costs in Edmonton reach record high2 ^) `* `! \7 {7 i& W l+ F; t2 H" }
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Alberta economy is Canada's strongest, says new report& r, q1 B/ k4 V2 E0 b; F
; f' i/ T' }/ E% B7 cEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.. u; u: k' ?' P* P6 l% k5 u
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.' U Z$ r" ?: Z3 M- Y' ^
# l+ n+ q# U; h0 V4 L“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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) \/ s( Y. _% I& c4 ]6 nThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.9 Z) h2 J6 M! l2 K
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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.
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2 ^8 x$ I( v- m3 w; g5 m" c% [8 h4 n“Wages are growing so more people are looking to move into a home.”& L! x! y7 u4 O
# t0 K0 _( p8 ^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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