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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off./ L1 ?. J* i* b) O# \ F( t* g
& w) T5 J- I# p( H3 A0 s) v* zJayman 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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; j( p) C( s% }! C0 u2 m+ X: M. R; sNorm 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.6 |- L' q9 o7 M3 O; N6 F" a
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The 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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