Housing falls

smalltown · 发表于 2007-5-8 07:46

Morning business file: Housing falls (8:25 a.m.)
A roundup of today's business news so far
edmontonjournal.com
Published: Tuesday, May 08, 2007
April housing starts off

OTTAWA (Bloomberg) - Canadian new-home starts unexpectedly fell to their lowest in three months in April, as demand eased in rural areas and for single-family homes.

Housing starts fell to 211,900 units on an annual basis from 214,000 in March, Canada Mortgage and Housing Corp. said today. Economists surveyed by Bloomberg News estimated work would start on 215,000 units, the median of 21 responses.

The slight decrease in housing starts is the result of declines in single-detached and rural area starts," Bob Dugan, the agency's chief economist, said in a statement.

New-home construction, which has contributed to Canada's economic growth in the past few years, will decline because of higher housing prices and rising mortgage costs, the Ottawa- based CMHC and the central bank have said. The Bank of Canada predicted in April that a drop in homebuilding would shave 0.1 percentage point from growth this year and in 2008.

That backs up the housing agency's March forecast, for starts to finish 2007 at 209,500 units, from 227,395 in 2006.

Starts in cities rose 0.6 per cent to 179,000 units during April, led by multiple-family units such as condominiums, while starts in rural areas fell to 32,900. All provinces posted declines, save for Ontario, which had a 9.4-per-cent gain.

The building sector expanded 7.3 per cent last year, making construction the country's fastest-growing industry, according to Statistics Canada.

elitee · 发表于 2007-5-8 08:23

xdd · 发表于 2007-5-8 08:45

National news does not apply to Alberta at all.

howardx · 发表于 2007-5-8 10:31

Unless oil drops to 40$, Edmonton housing can't back to two years price. Don't fool others

80后 · 发表于 2007-5-8 11:03

Alberta doesn't deserve such high cost on living.

smalltown · 发表于 2007-5-8 11:21

原帖由 howardx 于 2007-5-8 11:31 发表
" e0 o Q( K7 E0 l' Y) V( Z! a& KUnless oil drops to 40$, Edmonton housing can't back to two years price. Don't fool others

The news is talking about new home starts. It didn't say anything about the prices. Why are you so excited? You have a few properties?

BaiLing · 发表于 2007-5-8 13:02

原帖由 xdd 于 2007-5-8 09:45 发表 / L) d6 r- Q- c2 ]- g3 O
National news does not apply to Alberta at all.

Rapala · 发表于 2007-5-8 13:16

原帖由 smalltown 于 2007-5-8 12:21 发表
/ u) h$ v# n& m1 J u1 K
6 t5 y" W' j* Y% |0 l" `" O/ xThe news is talking about new home starts. It didn't say anything about the prices. Why are you so excited? You have a few properties?

You may need to change the Title "Housing falls" to avoid further confusions.

fancycat · 发表于 2007-5-8 13:54

搂主也忒胆大了吧，你难道不知道在这个板块不能提房价跌吗，你要紧跟主流，天天喊涨涨涨。。。。否则。。。。。。。你就惨了。。。可能会按反革命判刑。

老杨 · 发表于 2007-5-8 14:41

谁能给翻译一下？

come_on · 发表于 2007-5-8 14:49

" All provinces posted declines, save for Ontario, which had a 9.4-per-cent gain."

I think Alberta is included.

howardx · 发表于 2007-5-9 19:47

原帖由 smalltown 于 2007-5-8 12:21 发表 " E( S$ h! B' X

6 Q. [6 f' _0 h, X; d) CThe news is talking about new home starts. It didn't say anything about the prices. Why are you so excited? You have a few properties?

Housing drops. How excited is!

howardx · 发表于 2007-5-9 19:53

Probably Another year the housing will fall.

I wish!

smalltown · 发表于 2007-5-10 07:49

原帖由 howardx 于 2007-5-9 20:53 发表
7 @8 d6 G" p+ U3 Y, BProbably Another year the housing will fall.
4 c" V6 A8 `! e/ Y/ }. {' i: l0 s- t& C- w* {+ N6 B; k
I wish!

This is an article talking about housing starts in Canada from Edmonton Journal. Probably you should contact the Journal and advise them not to mislead Edmontonian.

[ 本帖最后由 smalltown 于 2007-5-10 08:52 编辑 ]

flagship · 发表于 2007-5-10 09:05

原帖由 fancycat 于 2007-5-8 14:54 发表 1 B! l% Q9 D) U. F$ e/ i. k
搂主也忒胆大了吧，你难道不知道在这个板块不能提房价跌吗，你要紧跟主流，天天喊涨涨涨。。。。否则。。。。。。。你就惨了。。。可能会按反革命判刑。

QIANG!!!

ligeree · 发表于 2007-5-10 12:30

I really don't know what you guys all worried or happied about.

This article talks about the housing start falls in Canada, even if this can be applied to Edmonton, it's gonna be a good news for house owners, cause' with current tight housing/rental market, less house built means more competition in getting accommodation which means even higher rent or house price.

The only way the house price goes down in Edmonton is unenployment goes high.

bole · 发表于 2007-5-10 13:06

终于狼要来了!!

bole · 发表于 2007-5-10 13:06

呵呵, 再来!!

TDMM · 发表于 2007-5-10 16:57

i do not the housing market is gonna crash in the near future as we know there are still so many people(new immigrants or domestic migrants ) who do not have houses of their own.as long as there is higher demands than supply, the housing is always a profitable investments.

火与星 · 发表于 2007-5-10 19:28

80后 · 发表于 2007-5-11 13:19

真贵！只有1/3的人赚到钱了，剩下的还是拿着10年前的工资。。。我认识不少老外往saskachewan搬了

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Housing falls

Dont' expect housing fall in edmonton

Nice

Am I excited? looks like you finally find heaven droped

Dont' mislead our fellows

Don't misunderstand the article.