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New home prices weaken in Canada
: b6 P! l$ c9 F- a% XCanwest News Service( w+ Q N. x0 A; ?6 z, p/ B
Published: 7:48 am
0 T# u8 ]" f7 Q( aOTTAWA - 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." a: z8 V9 \1 y! q* @ b5 q4 {
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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.) y; o6 Y7 D u$ m- D9 H5 s
A( L9 ~- X; f$ h) f& w0 nIn 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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+ z; p0 h/ j8 Q' ?# t"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."( n# `, i" S1 o7 o
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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.0 I' g" C/ a/ `0 C) q
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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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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.0 s1 L1 N. _0 ~
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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.' E# D* ? z4 B: e1 a
3 q- F2 E, S) g1 ?" N, B" u: lIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.+ t8 D' u: s" L0 R" a9 E" J! f
: X+ C3 A3 x- m' x$ m- F8 }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.
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" P% a7 j7 a% k- z2 l+ C4 NNova 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.3 C( k% ?7 y8 Q/ h! U8 ?) d
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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.$ A$ C2 J. u _3 F& Z& K: {2 K
Z) K3 P8 k3 Q7 J"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."3 {5 \4 E4 h9 O5 p) u5 i
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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