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Bill Mah, edmontonjournal.com0 S. t* j8 U$ X( V( ~% T
Published: 9:53 am
# N0 [& `/ b4 j# g YEDMONTON - 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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1 l/ P) ~. G k3 W8 r7 _/ ?2 GEdmonton'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.* B4 @0 Z" e! N; s
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]; x/ M! r! h; ~! ~: O% N/ V$ `Calgary saw a 0.3 per cent slide compared to July of last year.
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5 P" n6 c$ o. l# x( p" Z5 n"Markets in these cities continue to adjust after experiencing record price increases in the last two and a half years," the federal agency said.2 _% w4 G ?' _
% A: p- C W) U: [Even 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.4 m* b3 p/ ~( V7 [4 I! Y
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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.( ]: V% e4 u s7 h* k: P5 m
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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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; V# H- [0 q7 y8 a6 KPrices 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.& A* R- S+ L- Z* `7 Q* H1 Q. ]( N
" J, ^7 L* S- x"The growth rate of the index has been on a downward trend since September 2006," the agency said.1 P/ n6 @8 W; [5 l- `# P" d. P6 E [
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With files from Canwest News Service
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( N* p- @* N5 K% U$ tbmah@thejournal.canwest.com6 n4 I) F0 T2 {$ Q; n
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0 G# p/ C8 D+ P, T* d# D© 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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