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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.- X$ _3 T6 n: c9 Q/ H
: o o8 Y2 B0 C4 I, QJayman 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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- V0 E8 C5 q3 }1 j9 f+ _; D F. vNorm 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.: x" h- K8 w( u+ F. b
. ~5 ~3 {1 A1 T* ]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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