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New home prices weaken in Canada
" D7 V0 @4 l+ O+ l, s) s9 g: o8 Z2 ECanwest News Service2 o% Y0 E3 S" w4 p0 j# y
Published: 7:48 am4 G8 ~9 z# g: V0 u; Q. z& ]
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.6 H2 P/ o4 T' c' S x3 Y% t
7 M( _) J7 ]1 ]3 WApril'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.( l% h; n, a* I5 S C) m) v
4 y1 p" @( J3 y" U5 q2 W5 D' U"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.
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1 V% T$ k! U2 ]" Q$ OIn 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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% e' E x" O: O$ a% R4 H/ z: 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."% t2 U9 E R) s/ U* R o
% g: k& H9 X. I/ J& E, C* _! aPrices 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. ! h, t/ l+ \8 |* _
, m+ k: b( O' v" E" @4 eMeanwhile, 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. k3 z3 Y5 D4 C) g2 s
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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 s, v; I8 I2 L9 ^
# j, m6 ^! f% o9 f6 EPrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.
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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."! N* I( Y, |4 r5 ^5 ?0 o
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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