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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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4 y. j+ f2 N) M Y6 sEdmonton home builders working 'flat out' to meet demand
6 F! s) }% t4 y, WCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT( N7 ?- Y+ k! b" _) o; W' b! m
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/ h5 Z) L+ q) o' |( j- }* `' iAverage house costs in Edmonton reach record high* D, }1 q4 r* J5 e! ~$ A4 a
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Alberta economy is Canada's strongest, says new report, I9 w' Q/ W0 v& R& G5 E: q% e! r
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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.( D+ {' T8 C2 I- l+ r" e' q
5 u8 C1 v9 G% R# y1 N8 pBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.$ j! f" @: e; P* _+ I3 O
. p) f0 [/ s0 E$ D: J: Z“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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p0 g6 Z) m( W% L: f( b g6 I) u, o4 T+ ]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.
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, S! t, [6 Y2 ]# P“Wages are growing so more people are looking to move into a home.”4 }: v4 I; j) ?& q
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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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