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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.% t& V* s, A, K3 I9 |( F% ~
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Jayman 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./ u8 R/ d! U- @; b" [ i; K( x
; s$ g, k% _' K9 B; Y1 @2 m4 t+ ] KNorm 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.& S' r x$ d$ x: v
# ^0 c7 V+ V4 ?3 Y# u8 }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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