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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss$ i7 U2 s0 x" w$ M$ _" G. H0 C
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5 ~$ b( ~& z: y: }! ?) LEdmonton home builders working 'flat out' to meet demand
; V. ]4 \% {3 s2 l/ B6 ICBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT; a3 u5 c$ g% Z
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# N0 `' O2 y. Q5 f- rAverage house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report
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+ {8 m( Z* O% l0 Q2 a b" T+ \2 G/ JEdmonton 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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; `# h8 G* j7 }+ }/ HBuilders started construction on 468 new single detached homes last month, a 34 per cent increase from August 2013.4 E9 l+ j: T( U6 P. i
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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.! Q8 A; o" y, R: e
- J1 h+ |. }/ I; t& Q+ }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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# l# g* m c0 S8 _- d“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.6 J9 u$ P3 O+ F2 Q
3 e" ]8 c* F4 u8 U“Wages are growing so more people are looking to move into a home.”3 V7 `: F2 W+ d+ P$ P9 V9 q2 M5 u
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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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