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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off. |6 F! ~* R7 e$ U) _; o9 Q# q
9 @3 s% w+ A: D0 a7 sJayman 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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4 w. G# W( x9 `( `# b1 M% fNorm 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./ ~6 @+ z& n% U i5 m6 W
1 N) }/ h3 {0 K, gThe 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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