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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
( Z$ K: i, ]3 v% [ Q; [CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT6 J' h/ m$ X6 M) |0 L
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* b) @3 T4 q2 i: IAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report2 c9 e0 t" z% f( C* v$ a
- b# {! X$ Q H+ ^Edmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.& G/ Z) d. f6 C7 e' g8 e/ o8 d
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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.+ O# k* U4 t# n: f- _
5 `" l4 A& D$ N8 }0 ^“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.0 p- `' J% y: b1 i: F) R1 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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6 j( t( ]# Z+ \ A1 l“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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/ e, |& f7 ]1 y% T“Wages are growing so more people are looking to move into a home.”; U0 p2 S9 W, d
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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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