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New home prices weaken in Canada6 o8 k7 @+ e. P/ W( X
Canwest News Service+ s, t) {0 d; k* g" U
Published: 7:48 am: y [ M- `& `! X+ K
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. i+ t2 [6 w: i X
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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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$ ^# E; ~& G: Q8 M4 e"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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6 l+ I6 m- d2 [/ G* N/ HIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 2 l) }, x7 W) |7 Y v2 z1 v
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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."% s1 Z d4 f$ r1 g: A8 S- S$ D
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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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3 k) h2 _7 D: x7 hIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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' N1 u5 H0 a. ^( X: F/ k' {" y9 jMeanwhile, 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.( G5 ]: @0 e1 V
% w- I) l9 t4 p0 dPrices 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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8 K& n! T, v( Q. i8 F. k8 }) oIn 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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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." h) u& t. A3 T8 N3 g
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Nova 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.8 B1 A+ i1 A# b* @2 ^8 {) }
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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."" I5 |' A8 {6 z% B$ T
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8 ~* o# X& d- L, F" q© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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