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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
" v% @6 b( {& n( RCBC News Posted: Sep 11, 2014 7:56 AM MT Last Updated: Sep 11, 2014 7:56 AM MT, d2 F+ V/ A! b" w# @, j! R
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" k. H6 s7 }) @2 I" ]* k" qAverage house costs in Edmonton reach record high2 j5 j6 m3 G; A' O
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Alberta 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.
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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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! r& Z/ R: ~* h8 U“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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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.$ L1 Q# d1 ?: K4 n+ A
. G; e- y D: ^' ^) j3 V0 z9 W' L# i& y“Wages are growing so more people are looking to move into a home.”: \, b6 `0 b4 S( t# }5 [, g
2 F: R/ f" `, r% J3 ~4 DTrades 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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