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http://www.cbc.ca/news/canada/ed ... d-1.2763102?cmp=rss
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Edmonton home builders working 'flat out' to meet demand
: M& J' S2 J9 q& O. \+ bCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT
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% o' L' p+ a6 BAverage house costs in Edmonton reach record high
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6 V- w |. s; k0 h& q: N1 X1 {Alberta economy is Canada's strongest, says new report7 i, v5 ^2 y, G4 y' o% L1 \
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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 2005.7 [! ?9 [$ z1 N5 @0 G
1 y- Q3 m: g! }% `! cBuilders 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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; S2 e* P: O+ u: M" E9 r/ vThe 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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" }2 W9 T* A! t; o" Q6 o, _' @“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." I& ]( i/ {5 y3 v# ~ s) [; Z
; v; B; t# \, v6 l9 w! g“Wages are growing so more people are looking to move into a home.”
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, `9 S$ c' T8 G* ~. HTrades 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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