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New home prices weaken in Canada
) H" v& @) B4 F3 n- \Canwest News Service
' V2 @& d$ W) V6 p" Y% jPublished: 7:48 am& E4 W; j4 q( X3 H* y
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.' F2 z7 R5 ~7 _0 i" [+ a
4 J# K+ C7 E c& m' ]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.
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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.; e7 {+ a- }$ F6 l. [
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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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! f7 g8 h) C K5 S8 D. b6 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."
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$ F: b. e7 m5 n" ?/ x8 ~$ x0 d6 G# y1 JPrices 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.) U/ w# g6 Z1 z4 l) U( P
& f. G+ m- f1 v e/ z X6 f t1 y; w5 ZIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. 5 d8 i4 E# ]. z4 O
8 ^, D5 x# ]% X& ?% }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.
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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.
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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 W$ p6 Z5 M0 _5 ~8 V) q
! j: a% Y2 k% W" |/ O' HNova 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."& r) X( `- W A! G$ [
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. w2 i' r% Z- `4 D- [© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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