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New home prices weaken in Canada& Q$ e) U) ?/ W( I( p" p
Canwest News Service2 ^ M' I8 u' E5 P
Published: 7:48 am9 w: c1 p, r& u2 N7 J- ~
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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April'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.) ~# q) j" p4 J
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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.( c( y2 I+ F* Q9 E
* W! u7 _* p) [5 GIn 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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, R: ~" D& Q* V8 d9 q( x* l"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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/ P; i6 l5 h; G% e# q" BPrices 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.2 [4 N g+ W# [
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. 1 x; ?5 C! z1 f! @$ p# D
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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." y3 d i2 u" u/ ~
$ f8 c2 n: B% r& Z. {: aPrices 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.% }* D( Z* F. ]7 H( e& |+ ?
. M7 S+ Q7 p W4 E+ T6 AIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.: r& ]; B# t4 b& t/ T
& w+ n) A7 [) q2 a8 |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.# Y. ~3 o& h- h# [7 r' N, O3 ^- Z! [0 x
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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.
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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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"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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, g9 `& K P% t2 q6 X© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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