 鲜花( 17)  鸡蛋( 0)
|
New home prices weaken in Canada- f$ m) Z" {% N. ^3 f y
Canwest News Service
; z5 ?3 x2 t9 S( `0 s5 D" yPublished: 7:48 am
1 k) m: A0 P5 U( C. uOTTAWA - 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.& I. A* L$ u9 ?' A
2 L: m! Y$ K4 |5 A- [) g. p* MApril'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.
4 I0 S. {0 D6 F( [- X! Z- B! e2 B1 F& H% S1 J
"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.
- v0 Z a' x) D& ?$ ?+ v; V. u
. N/ V9 l0 ^" K6 U- a D2 QIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. " C: Y" i( E* L6 C. b9 N
9 L/ j6 W6 J# _8 d* a% ~7 A"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."
/ a/ y3 ~* q! ]2 z0 `6 r* ]3 o U8 Z- L! s" p
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.) w1 e3 J( ?* W9 }) Q
4 t6 b/ \4 C4 X% o5 [/ zIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
5 s% S9 Y. j; k8 [+ g9 ?# \- ] y* B2 C' }
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.8 J3 x/ t* y& w: H' v# b
) q0 m* s/ R7 e& f i1 E" Z8 g% gPrices 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.% `3 A: @9 E% S, g# \# f
; u( Q. p5 k& ~& r. y% s
In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.
2 A0 H/ T" @$ n q0 M' z, ^- e
- V7 g2 i0 p( p+ w. h2 GPrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.
5 n4 B$ j% }7 y; G& U7 b$ u
9 A% ?9 F8 X+ a1 ]% WNova 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.
1 h+ K }% L+ M3 R7 b! k0 S
. Q* I7 o/ {: Q* c"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.& o0 W+ y" I- h q! W* \/ r/ z# F
: y% `- x* Q% F3 x: x9 f! M& Z"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."
+ D9 {+ ?0 [( O. X
; V7 e$ }; X0 l/ u9 x, l% u
6 G* v- d' M; b2 o/ w# _- Q. y8 t
) q! G; U% f7 K2 k3 X
+ {! E" i/ c; K" ~. z3 p© Canwest News Service 2008 |
|