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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss/ p9 M! F/ g1 N. t
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4 }# x) ]2 W- VEdmonton home builders working 'flat out' to meet demand
) j% X( r. o: L* S8 i3 h0 }CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT6 S& y6 j. a1 T# k$ [
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% x# s9 w" |, z# HAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report- T. C: ?; k; `9 ^3 {& C
5 C4 O. r" F3 K1 SEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.3 Q# \+ C* `, M0 f2 \* a
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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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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.' e7 E5 t# i. C% N
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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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% D c! m. T$ M/ e; c9 U) Y4 H' h“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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% _# [( Y( Q. n, e1 p“Wages are growing so more people are looking to move into a home.”( f+ v# i' e/ D: @3 d X& _
3 q& E& L8 {1 f% hTrades 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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