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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss8 f4 L0 M9 \5 C( u4 { b
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Edmonton home builders working 'flat out' to meet demand
4 g% S, X, J3 GCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT/ p7 F; U7 a6 G- p& F
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6 j f/ m0 V p7 g: Y! hAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report# _0 E; o- R* b! D. j& U
5 j o. H( B& z. c' j6 AEdmonton 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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Builders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.
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1 U6 V/ `- p* V3 h7 Z% A“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.
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, _% S5 C6 ~! [The increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.3 u2 |* k& _' `& e3 m( `1 {) n
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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.1 m x+ v: q6 b0 ~- `& Y
# D) C6 H# c2 l/ |5 e“Wages are growing so more people are looking to move into a home.”. b% y0 D4 o& H% R& v6 ~% o
" t# C1 }1 \5 vTrades 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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