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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Z2 N* X" ?& [4 fEdmonton home builders working 'flat out' to meet demand
; E& ^3 X6 C% FCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT6 R, Y1 {" B+ w( v$ f
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- o6 A0 N, m% ?. sAverage house costs in Edmonton reach record high
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7 ` `- W5 B1 o7 E" LAlberta 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. D. ~* y$ E* E/ V; u) l; [3 i5 B! }
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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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“Right now we're running flat out, we’re building as much as we can,” said Rob Busby, construction manager for Landmark Homes.. k4 `6 H0 E! ]' ~# 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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“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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$ N6 s% k9 \" v8 e& V: R! W“Wages are growing so more people are looking to move into a home.”
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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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