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New home prices weaken in Canada) |% ]1 R: L9 r% V5 C
Canwest News Service, E8 V, r; ^4 `# c
Published: 7:48 am
# }% _5 W G( r3 F3 m6 lOTTAWA - 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.4 v5 s) f- [; q) J6 m/ U
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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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In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 0 ]! ]0 b+ M i9 D
& K/ ~# m: |! d% L" \# s+ }"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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( Y7 Z7 q1 m. K$ {9 U$ dPrices 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. , E, |- {. }5 [" d
) }2 m. m$ ]- M+ m m% [' DMeanwhile, 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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. P1 h6 C/ P$ @: {! L6 o8 f: j6 p( \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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5 p- a8 b, ^; n5 R9 I8 \: [Prices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.: C: h* U- y x6 _* A
# O6 r1 }; k R2 p- y. pNova 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./ j3 _# G# ~: S5 v
+ {. j5 h5 m$ e' w$ {+ d5 v5 w"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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9 J, {+ m6 Y! h7 d$ d! ]"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."7 B8 J& |. U T+ J% j, j
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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