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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.6 I0 c* `0 f% Z8 F- ~0 |
" d) e: x4 U; i6 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.( R, G9 p) a2 ~
4 ]# F, p& c$ k$ {: CNorm 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.3 L5 Z8 e6 A+ ~% Z* o* t
6 p+ z+ n- }& } y, uThe 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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