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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off., ?' g; n; Y) Z% B1 Y! i* ?+ U3 t
L! V( C- p4 r/ l2 i- \3 ~; F 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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: c) x( N7 k/ HNorm 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.9 T5 K% L( u. f- F& e. K7 Z
" ]; K" i# r4 v; N5 f$ L1 i/ XThe 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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