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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss2 T- V" p/ j+ @
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Edmonton home builders working 'flat out' to meet demand
* C" h7 F+ X9 J3 g# rCBC 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 high7 p' y8 a8 h/ E- o |
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Alberta economy is Canada's strongest, says new report
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, W- a2 p! |5 n' B' m$ v( \1 nEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.: m t: f: o3 P- F* A
W: }1 T1 R. j8 GBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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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.- u4 M! c# l8 U: K8 d3 X
' q m" Z% x$ W' C1 V6 n* k# xThe 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 F) w; B/ s: V% s“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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* A$ L$ z- }! b& j“Wages are growing so more people are looking to move into a home.”* q. Q4 G7 H( |( \
& a. o! z$ z6 Q) v1 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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