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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.) K/ n: e( W3 e4 k' @* C$ D L
+ o/ J7 z- w" f) D4 z5 w. U' ^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.' M( d+ u6 g+ K# s& Q
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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.' D6 X& D) ]' d. U/ a2 D
7 H( F. ^$ i$ D$ ~ V- E$ Q/ \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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