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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off., l. j4 m! V; k8 r8 n' z3 @& v: o
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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.
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' ]- W7 \( s1 l- \8 `" {& y+ a2 KNorm 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.# F& @6 m, Z W
. w% C. ?7 @* Q( \+ vThe 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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