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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.# z5 a/ e8 w4 d3 `
+ @$ |" H/ I0 }: O+ LJayman 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.
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6 _& [ W& x/ R) u6 _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.5 C' q' h0 C8 i s5 e7 A5 t
9 i/ N: a4 l% x0 {3 `; BThe 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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