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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.! u9 ?& b. l5 N3 P- Q& j) m; 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., x5 ~9 n# ]# m5 I: ]
" r2 W3 {# ?6 ~6 F8 DNorm 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.2 O- _2 C/ F% U8 ~
1 `$ k% G) R# b; t: QThe 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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