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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off." b+ k4 K7 S5 }# e7 E- T. O9 F( P# O
. N* R' {- b! a# I+ U0 n$ S; O. R4 gJayman 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.+ q: G$ Y: l! L3 i5 j" G* ^; u6 \* o
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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.* e7 m+ S0 {: g0 H/ Z8 r7 B! l7 _
+ M+ u6 B: ^6 X3 d! q O! [; eThe 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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