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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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, m8 u0 v/ L0 D8 ]4 ~5 I% CEdmonton home builders working 'flat out' to meet demand
" p- n& {! W+ @3 hCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT) |) N9 O8 v! L" m( k2 Y( ]5 l
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Average house costs in Edmonton reach record high
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Alberta economy is Canada's strongest, says new report6 C; K/ H; g3 K. c
- S2 ?) g' W# z+ n' L0 K% FEdmonton home builders say they are working non-stop to meet a demand they haven’t seen since the boom of 2005.6 `2 X. ?4 J' ?" k0 R+ x& h: 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.
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# L) M& t9 u: l: w& M- kThe increased demand is due to strong job and population growth, according to Christina Butchart, senior analyst with the Canada Mortgage and Housing Corporation./ k: c1 n& R* E0 R& L, p% ?, ?' ?
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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.2 \& G/ ^' d4 u0 q3 V
9 q+ _0 b: c* o) F |! Z“Wages are growing so more people are looking to move into a home.”7 b+ a/ F! |3 [3 U& S% F
& V/ d- }. |0 r( S& C, q4 RTrades 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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