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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss2 ]* v: Z0 ?) X% R' O
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Edmonton home builders working 'flat out' to meet demand l5 T7 I8 k8 W8 ~/ D8 w
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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) {# Z; U* m3 N0 z4 E0 P, pAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report/ `7 }/ @. E) I' B
) s" H3 i; s; m- {! y) K% oEdmonton 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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- l p( P, Z/ `: ]$ x+ ~" {Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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$ Z) ]* y8 w$ f“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.) n: y5 G n/ S( L7 E5 h: P6 E
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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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; g, y! ? I! g( `“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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“Wages are growing so more people are looking to move into a home.”( s$ t* |* e; r- M8 V
0 |" `$ X1 E1 J( W) G* D0 ?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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