Ca(OH)2 is only slightly soluble in water, so that doesnt work here. If it was a strong base, what you're asking is does 1 + (.5 x -2) = 0, then yes, it does.
Edit: Note that there are not two equivalent moles, there is only one. An equivalent is defined as one mole, if the compound completely dissociated, there would only be 1 mole of OH, and therefore only one equivalent.
I guess looking at it closer, Ca(OH)2 is kind of a weird base to classify. My reasoning behind it being a strong base (based purely on the B-L theory) is that because a small portion of Ca(OH)2 that does dissociate in to water, hydroxide ions are in fact released and in to aqueous solution and thus you are getting a solution that is strongly basic albeit dilute.