Impacts of Northern Megaprojects Swamp Alberta's Housing Industry

While housing demand in the rest of Canada cools, Alberta homebuilders can't keep up with demand, and are literally turning homebuyers away because of shortages of materials and labour.

1 minute read

January 13, 2006, 11:00 AM PST

By Michael Dudley

"Alberta's new-home industry is running out of everything -- including the kitchen sink -- as it scrambles to keep up with an unprecedented boom in demand that is sending real estate prices soaring."

"Concrete for foundations has been rationed. Lumber is in short supply. Inventories of cabinets, water pipes and, one builder says, kitchen sinks and plumbing fixtures are all being drained. And, then there is the worst shortage of all: The skilled hands to build the bungalows, condos and dream mansions to accommodate Alberta's swelling population."

FULL STORY: Alberta's new-home industry runs flat out to meet demand

Wednesday, January 11, 2006 in The Globe and Mail

Housing Alberta

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