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New home prices weaken in Canada
" S. t0 `6 w( f+ [, t T1 G% UCanwest News Service% n$ e4 O0 |3 W S; w8 E
Published: 7:48 am+ T8 e) R& ]' T/ A& o5 N/ e' @+ [
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.: h6 p1 D7 G9 y
/ K! s1 t; Y/ n& T3 Y+ ]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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1 ~- } b8 o7 O# g5 E1 {( R- o"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.
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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."8 {7 B8 O; ?( ]$ t" C U6 W
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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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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. ; Y$ u2 u; h; |
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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.$ T( V, f) s2 \" B! Z) q3 \2 A) r
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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.* ^! g) k. u% b6 G+ n
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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.! I3 ]! B, t2 g# `
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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.% z3 H$ f0 T9 a# _9 Z7 |8 |
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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.5 d# c7 y6 z" K3 Q6 ^& v
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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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9 `: U- @ J6 `, H# h5 s& B"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 f& t" `7 D' J6 O4 v# R9 ~
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$ L/ p* ?, e% e$ o& n- {© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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