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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
) l+ P* P0 G4 u& n) QCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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: z) {5 H) d! y1 `% rAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report& k5 C& Z* P8 ?
0 m2 ]& O8 M- B# u. JEdmonton 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.) G; I) y# Z# h; B% P* @
* H2 j4 B7 B; B& G“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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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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- N/ B: O4 G9 ?/ b“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.8 Z& B6 A! g2 z
+ A0 O' ]. E/ g“Wages are growing so more people are looking to move into a home.”
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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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