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New home prices weaken in Canada6 B- ?$ n) B' R8 }
Canwest News Service
) D$ h# z0 C: A V4 jPublished: 7:48 am! S* V" V5 r( q0 _& x
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.
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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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4 u/ O' Y! i* g, ~6 m, l) N"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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: O2 Z( O) d9 }- ~2 \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."$ W) J+ `8 e- U, P6 v3 O$ s2 Q% 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 u6 e( y- \0 X! K* t) g6 i. [, Q3 rIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. ( E$ d9 x& @! O
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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.+ u o! _' S- }8 o D
* E2 _ n" E) x4 x3 v# w" |In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.2 s& v: M" F C- u
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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.
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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.& m+ {/ s$ J9 h* P: I- X$ s( b+ ~7 c
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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."0 f8 a! L# f- l; Y: F6 }: F. B
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0 o: @# X$ R; N( V3 s8 N© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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