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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.; H+ c/ d1 m. ?+ r, P
9 X* S- f1 R* U* A# J, v% r9 ]) e7 TJayman 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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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.( o, r/ X: T' `; X
0 h/ s+ O: p! P% z/ J. o2 O! S6 bThe 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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