Edmonton new home prices see biggest drop in 23 years

水管工

Bill Mah, edmontonjournal.com
: S  N6 h- y' R) N: _Published: 9:53 am
EDMONTON - Prices for new homes in Edmonton fell 5.3 per cent in July compared to the same month last year, marking the biggest year-over-year drop in 23 years, said Statistics Canada today.

Edmonton's cooling market showed the biggest year-over-year drop of any Canadian city.

Compared to June, Edmonton new home prices nudged downward 0.2 per cent.


8 @, N2 }7 K/ b( V; D  hCalgary saw a 0.3 per cent slide compared to July of last year.

6 W  T& D# U0 o- ["Markets in these cities continue to adjust after experiencing record price increases in the last two and a half years," the federal agency said.

7 W1 {4 k) w; hEven heated Saskatoon posted a slower annual increase of 13.1 per cent, "further confirmation of a trend of deceleration in this city. Many builders reported increased prices as a result of higher material and labour costs," the agency  said.
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The fastest pace was in Regina, which saw a year-over-year price increase of 29.6 per cent, down from its record rise of 34 per cent in April.
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As the market continued to cool in Western Canada, prices for new homes rose nationally at a slower pace in July for the sixth consecutive month.
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7 i/ N* o1 w4 |$ bPrices were up 2.7 per cent in July from a year earlier, down from June's annual pace of 3.5 per cent. On a monthly basis, prices edged up 0.1 per cent between June and July.

# ^" V% f. M- a& Y"The growth rate of the index has been on a downward trend since September 2006," the agency said.

With files from Canwest News Service
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4 W8 W# x5 g, G' }  Xbmah@thejournal.canwest.com


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© Edmonton Journal 2008

[ 本帖最后由 水管工 于 2008-9-11 10:24 编辑 ]

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