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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.3 _/ m2 s2 Z2 R, y/ ?' m
7 L4 v: T9 }" d) L! yJayman 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., [5 [' `& h# P( e1 y0 O6 A) g
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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.
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( C+ P' C) _$ c9 ^The 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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