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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.+ k( S& W- F+ h/ J6 R
4 o4 [9 K( k8 z6 gJayman 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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) n0 X. `1 p* N) e/ wNorm 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 F4 ]. B5 m" \& w& N
% p6 }2 Q: f, Z" {6 \* q! h- R0 `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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