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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.7 e+ _ a1 C: u2 p5 [% d
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Jayman 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.0 G- ?( k1 q0 D3 K% |6 |6 a* m" [5 |
, F8 c R4 Y6 i8 KNorm 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./ h4 |$ {- Z. y( ?5 J8 R
7 ^, k3 S& @8 G0 a( e+ r5 W9 AThe 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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