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New home prices weaken in Canada* ?- i+ q1 i' L5 i5 Q8 C
Canwest News Service
, L# _$ |8 T7 o8 \2 u0 k, }Published: 7:48 am; W* o9 S3 P d' L
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.
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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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: T1 p/ B3 @. Y2 a3 ZIn 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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"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."& y5 \1 Q) w; v$ D3 W- X2 f) b5 S
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Prices 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.
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! A6 h6 |# F4 L) r* Z: wMeanwhile, 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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7 Q6 q1 I0 J2 Q! ?5 s4 KPrices 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 m: |+ U5 a: Z2 K7 D4 J
' L8 Q2 v2 h- K4 o# ?' R$ 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.
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$ O h. I3 l- ]"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."/ c$ f" ]' ^% w& _5 f7 \
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( {+ c& u/ O8 ~© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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