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New home prices weaken in Canada
4 Z0 P, ~3 b5 b: f9 r6 ECanwest News Service
- E) N$ r' |5 ~+ WPublished: 7:48 am$ i% I) b: H6 ?9 Y5 Y3 e
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.3 \( @) E% l9 X8 X0 X% `+ x
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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.
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' V) m) [' G7 k; E' |In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. , A. p# ?6 `$ M9 W$ N
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"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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d, u2 z* E9 e& x, x0 cPrices 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.) G% J. m/ V/ E, q3 w; z0 B
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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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.' a- _% L9 }. K( S
+ v3 F9 C6 D5 _+ J7 Z! ?% e- n' {0 `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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1 v9 @7 y, m7 D: N N. A" qIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.0 ~% I; r& F& D( g
0 m; k. L- A* K+ e6 f5 S/ W3 BPrices 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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5 e. \3 E' F- p/ d. eNova 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.5 w& [' \ ]! L" |/ e1 z3 s: V
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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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2 X6 K4 P; ]( l0 S© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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