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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; F( T$ q4 ^; _% M% P) G! D
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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Average house costs in Edmonton reach record high
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! X" H T& V. G) p. C4 H+ bAlberta economy is Canada's strongest, says new report6 [. n0 t; r3 {7 Q3 e; t4 `
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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.$ ~6 w& |" S* n8 m1 }& g! m" m& `. C3 ?
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.4 `2 m& g5 v# e- _9 P% _2 n B
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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.6 H) l' |3 t3 b6 I5 P0 `, r) h0 Q
9 [$ A3 K- U+ X+ N, WThe 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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3 x$ d" C N# s0 i“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.7 T0 ]4 q& Q) j6 c% a
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“Wages are growing so more people are looking to move into a home.”
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6 X, W* t" l! V# T0 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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