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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off. F) j3 F7 F: t3 i' o0 X4 |9 M
; |7 b. z, t; s$ RJayman 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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/ {8 |% ?3 _! S0 Y L, zNorm 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.+ B6 M+ G0 ]: h6 X3 H& k
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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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