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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss6 [2 v9 _2 h8 y0 U& o
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: b6 K! ]. \/ h, O; oEdmonton home builders working 'flat out' to meet demand9 y1 \, v t* o5 p$ s
CBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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7 ]1 n1 ?/ K: T j: z& SAverage house costs in Edmonton reach record high' m5 w3 k! a, C8 J2 H; R
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Alberta economy is Canada's strongest, says new report& K# ?! |. b; A9 X# L3 [. y( J
0 |/ I8 z/ z- |1 aEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005. r; z! @$ _. M8 g" K2 K3 R
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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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$ e; c; T( B9 z4 }5 _“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.! L2 f' w5 A6 F" _; e# v, s
' k- ^. m2 k+ q; y) rThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation.% g) u T. ]$ X: s0 Q
2 \$ V4 J, |0 R4 X0 V4 w9 x“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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# V8 Y2 f9 I( h# ^“Wages are growing so more people are looking to move into a home.”; E( D. m! a, ^7 r2 y1 j! e3 } b' I4 o
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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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