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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.# _" m9 N% ]3 B S9 u9 { ]
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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.) U* s* J0 i' w. X: k
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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.% \7 z9 k" r# @5 l+ n0 E
( w* v* }7 n5 U3 O" ]6 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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