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New home prices weaken in Canada) M8 |# }3 q4 E3 L2 L! `, n' I
Canwest News Service
' R2 I5 O5 ]4 `: {! T0 mPublished: 7:48 am) F# D, [8 ~7 X0 w) }
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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. H( N0 h1 ]/ sApril'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.) y$ T6 p$ q8 o9 q& |
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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.# q( {% `9 C. `* R! J6 T$ k
- E6 B3 {9 _6 ^. HIn 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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6 L% M0 e, a- A# F5 J" i"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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$ q3 J- I9 Z9 PPrices 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. , S1 A, i9 f/ I$ `+ i2 Y
a* V- K0 w& @# IMeanwhile, 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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% \! | n0 T4 d& T5 N9 |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.0 ]1 ^/ w2 W) |3 B- R
1 z* f$ L$ g; MIn 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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3 b9 U' m% X! E) H% P# vPrices 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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/ s+ L0 A# x3 _# oNova 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.; ^1 z+ @% t+ t% T
. ~1 N3 r9 m4 T+ }. H% ]"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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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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