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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.% F2 T* [: ^1 I/ U4 c( {
! c+ O: U' ?8 `$ G: PJayman 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.; G( m4 w3 U8 q: n) F1 f
0 `% [3 f2 |) c1 A1 e0 N* ~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. E, `, k( [+ m- H
; V `9 `9 M4 eThe 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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