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CALGARY _ There are signs that Alberta's once-hot housing market may be cooling off.5 d; N" j a$ w% K
1 c7 N6 o0 L2 N; c! a* t1 L* o- {$ S! \6 ]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. g. P- v9 [2 i3 ~. W
) Q* N4 _9 K" i2 Q0 sNorm 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.1 W+ w9 K" i) N4 w3 }9 ?! ]/ e
! i8 j* W4 A' i! wThe 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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