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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss* L, c7 R8 ]& S* c5 v+ ]
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Edmonton home builders working 'flat out' to meet demand
, N, J. x8 D. [9 I' ICBC 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 high0 L! C: P9 H+ [* D2 I* ]
4 {6 s9 A; G9 {, l0 E. k( P9 S. u1 NAlberta 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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% Y8 L0 Q* l6 }“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.
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) u, m1 V$ H' R3 u) r5 y“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.) ~1 S$ _# Q5 @* \" n1 h9 T! Q
7 G" a+ X( C l2 I! K( U$ k“Wages are growing so more people are looking to move into a home.”& Z( Y, v2 @: h7 O' ^0 |( e
3 Q" v* f; O STrades 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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