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New home prices weaken in Canada
4 {- h& u& y' XCanwest News Service
) g1 [3 A# J9 z) APublished: 7:48 am
) E+ b7 k7 c! \; p H( Q/ gOTTAWA - 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.8 e+ F3 y7 w$ L" F& n4 R/ K
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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.+ }9 N V; O4 z
4 W" ~7 h% M* P$ U7 |5 OIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. : D9 h `5 Q- Z
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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."( Y, a; N" I/ e/ v
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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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# A( Y! q9 H3 u. q: a# q+ aIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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1 {3 A6 }9 A- l6 X/ k p% `- L5 }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.2 r/ P# C2 i- T& d( p* {' C
( r E. X- L: a8 S) @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.3 [/ E; v. o( Q1 X
, y" B5 ^9 n+ EPrices 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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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.
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1 b) `4 A6 k- s7 o' E, ?- Z" A3 \"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 r k- _$ n" T2 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."
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5 b+ m" d9 A w. x© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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