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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
# d! g6 |2 B* e. TCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT/ ]4 u b4 h6 m8 K$ Z' W2 W5 ^7 W
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4 S: f; R: r' L+ D: TAverage house costs in Edmonton reach record high* x: Z% E5 p: t/ G6 X. h
( A ^( C1 U' {# o- y# m* j QAlberta economy is Canada's strongest, says new report9 \9 L2 r& O) e8 W
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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 2013.4 E' B6 V$ e& H2 Y9 v8 P6 T2 k% [
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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.) ?- ~7 e* @( c5 f
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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.
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/ ` n/ h$ S( J“Wages are growing so more people are looking to move into a home.”
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7 o x5 |( o4 Z G: \7 F. [) a7 ATrades 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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