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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.2 q0 Q0 @ E* }+ O+ \* }& |6 }
5 w) L' w8 R- hJayman Masterbuilt, one of the province's leading new home builders, has announced that it's laid off 50 staff in Calgary and Edmonton. Company spokeswoman Marcia Buchholz says it's a direct result of less demand for new homes.2 S* z" w* `! y; o" p1 h! `/ D
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Norm Mross, president of the Calgary division of the Canadian Homebuilders Association, says he expects a 30 per cent drop in the demand for skilled labour. Canada Mortgage and Housing says construction of single-family homes has fallen 46 per cent in Calgary this year.9 `0 O1 G) N* c6 X. r
7 O( P! L- R( G2 z* b( ?2 vThe developer of a large condominium project has also announced that it's shelving plans for two large highrises near Calgary's downtown, saying the construction costs are now insurmountable. (The Canadian Press, CHQR, ccg) |
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