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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.5 @2 j& x' \: _4 x' _3 R9 D
3 q- q- n: r& r \$ a2 U8 c) bJayman 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 I) s9 ^6 x' GNorm 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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: Y5 e- Z n2 V! U6 L& H* Z) TThe 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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