Edmonton new home prices see biggest drop in 23 years

水管工

Bill Mah, edmontonjournal.com
0 N6 A. G2 @3 hPublished: 9:53 am
* g+ p6 ^: M$ @, f( |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.
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Edmonton's cooling market showed the biggest year-over-year drop of any Canadian city.
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Compared to June, Edmonton new home prices nudged downward 0.2 per cent.


Calgary saw a 0.3 per cent slide compared to July of last year.

0 A( t' c6 S7 }) l" c, a2 s"Markets in these cities continue to adjust after experiencing record price increases in the last two and a half years," the federal agency said.

! J( c/ [* H& U3 lEven 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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; I& U' r; T$ r. f  O. kThe 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.

8 A( |( o7 l7 I) L; oPrices 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.
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"The growth rate of the index has been on a downward trend since September 2006," the agency said.
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With files from Canwest News Service

bmah@thejournal.canwest.com
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© Edmonton Journal 2008
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[ 本帖最后由 水管工 于 2008-9-11 10:24 编辑 ]

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