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New home prices weaken in Canada
2 P! W# y3 B% N* E; c' dCanwest News Service
: N( s. r9 l0 m) O ?! lPublished: 7:48 am/ P/ |: @7 n. z9 b
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.$ `! P2 g% F: \. c/ T# _$ q
, E1 s* l d( ~: H9 T+ sApril'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./ i9 c% f; ]% y& s* x% H
/ ~2 U+ F2 ]0 m6 {0 I"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. i! O. A6 R3 Y* _# z0 ^2 L
# F, _3 q9 ^4 \" M: FIn 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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' ]3 Z0 K6 D+ J) P2 d"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."4 q5 R7 [% Q& B& E& a6 p
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Prices 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. 3 _: P; X- ]8 |4 A
. p- }& \4 h( V. K( xMeanwhile, 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.
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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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2 `( f7 L# X V) i8 VIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.: C; Z9 s) _# a0 i
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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.# M- z7 m. P0 n+ x
! P I! h: F; R3 Q! ^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.2 f( N* T! Q2 z7 Y
1 L6 G! Q0 F \, D- o0 A"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.: R" v% r+ D( H' T( e: e( l
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"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."
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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