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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
4 `3 w& [, H6 l5 B- p: D- UCBC 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& X+ o7 _# H- q5 Q3 _0 a! A& M
6 T5 l, t2 _0 @Alberta economy is Canada's strongest, says new report
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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.
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" X$ u7 g8 H( {. r2 P/ ~7 K! q- MBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013. D) j; j. T8 S# x5 V6 l4 ^+ \
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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.4 f0 }1 w6 ?5 Q' s1 Y
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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.. v6 ~* ^- x4 y# x& `
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“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.”. d/ w% h; A N' a2 q4 `
2 N) ~ k8 g# _5 j, u6 ?* LTrades 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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