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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
- A1 ?+ I3 d: Z) q1 B# `( zCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT$ L& u2 d1 E2 A5 o2 p% ?9 }$ v
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Average house costs in Edmonton reach record high7 q/ z6 V; K8 Z! M4 J4 O) j
% e2 Y8 S1 g" B& r0 Y* @Alberta economy is Canada's strongest, says new report [ t C$ B R0 A: e$ K" Z2 m
4 p( R* `' [& |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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3 M' M0 y: N7 o: ~/ Q' ~% Z9 ^5 S. F“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.3 B0 K& t3 H0 T6 e0 @* @0 F
- a% G( q$ r5 iThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.+ b& m( e B$ L; ]0 I
. \4 X4 W' O& e+ s9 o8 P“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.+ Y& O: u, D: u5 q9 A8 Z; } ~
5 w2 o8 |! E# w% q“Wages are growing so more people are looking to move into a home.”
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, R& r1 u' f" ?7 a _4 P* u. @- p7 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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