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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.6 X" @4 ^& O* e* _4 C
: v1 R: ~8 Y! i" p$ e, lJayman 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. |- [: ^0 n4 ?% u% y* q( y
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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.& _8 [' G# [2 S6 q2 p% |8 D
2 i+ P# f9 y( t2 w b* uThe 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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