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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off./ Y. m) w. K* t
4 _1 s# p7 T8 e! k, i. j+ s8 fJayman 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.+ I! M$ N1 H, f4 J C3 V
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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.7 G- P h7 f0 B
% a& d. k$ H% l2 W3 C1 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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