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New home prices weaken in Canada) T3 r o7 j, y9 G
Canwest News Service1 w8 n( I& r% a. g; j! s
Published: 7:48 am. g4 L7 i" A/ `5 a( J
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.( E2 H0 T% p7 l: I+ m
5 W) E# T' y, jApril'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.: [: u+ `5 x3 p& z7 k
, p9 x9 e1 d* N# ~" |6 g"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." E+ B4 R8 L# Z ^# r
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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.
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* j: D* E" X3 s( n7 L7 U) @"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."! e7 C% w* A2 w C* U6 A
' Y! v+ G8 l+ W+ `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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5 ^) u) y+ ]" }! i$ UIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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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.
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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.! Y$ M; \$ o0 o, U8 l+ y: M) M1 f
9 k2 ?- X |& `$ ^- }In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.3 _9 R _9 A+ p, D6 f; m. n) H* `, w
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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. E8 g I* y$ a& Y) }0 C. n: D( F5 f" W
& M3 h( j. O" h1 ~* w2 b; mNova 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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2 ?3 }, q( S: h3 E+ `% S5 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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( U% `1 i7 x8 i% K, [! d$ x; Z"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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2 Z* V3 K" c) A y7 F( I. _% \© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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