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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss% M$ {9 i/ @& a+ U3 b* i
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Edmonton home builders working 'flat out' to meet demand
7 @) X& P- V+ q# U, Y5 D. ^' s: bCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT# \& M% q {# g- n" ^. z
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) o+ d/ P6 ~3 K5 RAverage house costs in Edmonton reach record high
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& ]0 Y5 t4 F2 B6 \- Z7 JAlberta economy is Canada's strongest, says new report* Q( S) {3 G# n& O
7 ?$ W9 `. F" Z) P8 B: MEdmonton 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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) e0 |5 k8 E. P& t& `. a3 lBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.$ K& R9 O* I% w, }# W( X, v6 ^5 i8 L
. z$ k- }& O9 d0 b2 x“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.! @" K i1 S" q& x8 B
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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.& B) n, G: G6 O' L! v
& Y. U5 Q# |* U- d“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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“Wages are growing so more people are looking to move into a home.”) E5 @+ O8 P6 k, A, z8 t. b1 H
0 ~3 w6 a- \: {+ 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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