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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 demand6 N9 S: w, R0 v4 u/ D8 G" L
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT0 A$ h* |1 J6 D
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Average house costs in Edmonton reach record high
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# w- t/ v: O: E- j0 D! DAlberta economy is Canada's strongest, says new report
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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.
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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; R* x5 m, A; Q) z- H- V8 o“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.: A/ w9 r/ D; o/ O( g4 S
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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.6 p; T, M1 x" K# l4 y
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“Wages are growing so more people are looking to move into a home.”( N7 f7 w, n* |& N
/ g9 _# k7 A/ Y" }6 U F) ^2 o% KTrades 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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