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New home prices weaken in Canada
* v: E7 B1 f$ C+ ]' S, cCanwest News Service
/ b) Q, S9 e: o1 M: QPublished: 7:48 am
6 z: V; e! b8 Y( NOTTAWA - 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., T. m( I4 L ]4 B& x3 o2 T! s1 J
1 l2 f4 |4 S% z vApril'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.9 X1 r5 {/ k4 D+ L* |- c% {0 K
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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.
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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."
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, s) d9 `, W3 q: |0 T5 sPrices 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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/ W1 H( M; I8 g! Q* L$ p, D8 RIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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6 i0 a2 T6 o! a; C5 j% SMeanwhile, 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. M1 p# b, N( ]0 M' L
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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.
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$ l, G# I; I0 A5 mPrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March., M; z4 k; l* b3 f# _7 {6 e# O
% l' o1 s1 [$ u# lNova 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.' Y6 N( s' m0 a; q8 T8 Q9 F; Q
/ l6 {9 ]; U9 K1 a3 L3 l"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.) M& D* }( ?9 a6 A! c
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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."3 l7 B( O, v7 i* f' f D3 j
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1 f- z" y: W) M7 @. [; M& `2 @ m" Q© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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