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New home prices weaken in Canada* t+ `: \* a. t! H; o' u6 @
Canwest News Service) S I, y5 M6 E! _3 S3 v7 E
Published: 7:48 am, v6 G% J* I$ @2 a+ J( S
OTTAWA - Prices for new homes in Canada rose by 5.2 per cent in April from a year earlier, the slowest pace in more than two and a half years as a weakening Alberta market continued to pull down the national average, Statistics Canada said Wednesday.
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: K1 P( n( v4 t: i( @- AApril's rate was down from a 6.1 per cent year-on-year increase in March, the federal agency said. On a monthly basis, prices were unchanged in April from March." E7 I7 e5 `, \) ]- d7 r2 L5 ]
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"This was the third consecutive month in which the increase has decelerated, and the slowest rate of growth since September 2005, when year-over-year prices rose by 4.9 per cent," it said.2 G4 }( S r7 c' [- D% Q% q' f
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In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling.
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"Edmonton and Calgary continued to experience slow market conditions," Statistics Canada said. "Competition among builders has resulted in lower prices being offered to prospective homebuyers."
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+ }4 c& E# K8 @1 `$ dPrices in Calgary edged up 2.5 per cent in April from a year earlier, compared to a 5.3 per cent year-over-year increase in March.
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. N8 [- M ]' s) j# q
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Meanwhile, the Saskatchewan housing market continued to heat up in April. Prices in Saskatoon led the country for the 12th straight month, jumping 43.7 per cent from a year earlier - but down slightly from a 46.2 per cent year-on-year gain in March.) E4 W! l/ g9 ^4 B% u A% N& U ?2 ~
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Prices in Regina were up 34 per cent in April from the same time in 2007, compared to a 27.8 per year-on-year increase in March.
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In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.3 F- y" y$ l5 Q& I1 l
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Prices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.2 f) ~! J+ ^8 g
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Nova Scotia also saw strong gains, with prices in Halifax increasing 11.3 per cent from a year earlier, although that was down slightly from a record year-on-year gain 12.8 per cent in March.. F/ V2 Y$ o+ J: Y
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"The report adds to the growing body of evidence that indicates that the Canadian housing sector may be coming off the boil," said Millan Mulraine, economics strategist at TD Securities.
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0 i$ b7 u; @- @3 w"Similar behaviour has also been observed in the price of existing homes. However, it is important to note that the Canadian housing sector remains in reasonable shape and a U.S.-style correction in home prices remains highly unlikely."4 c' H% e9 ?% x0 s) ?* b
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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