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New home prices weaken in Canada
& l. C1 a! d4 \6 v0 zCanwest News Service
# ~' P& L% Z9 i- L1 @Published: 7:48 am
0 n. x' G" s, O* B, m) BOTTAWA - 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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! s& I, Q j1 ?' J: d9 z3 G4 `"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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* y+ d4 h2 `# I& U1 XIn 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."0 D5 Y* X" t. Z* J% Z- @6 ~) S
( Y; E4 t/ F% G1 `3 IPrices 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.4 _6 E2 w9 n- x2 d. R0 U
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. 9 n, U; U2 @3 A) \) V
, d U' B G9 Y' ?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.% H! O, Z$ u5 C' C
, @7 N" |! ^- ] s* s" x! wIn 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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5 ~ T: I" S$ H% \; }9 hPrices 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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' v2 j7 j ?; Z/ ONova 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.
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/ g% j; O% F" N C L) o1 c"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.) E/ v2 ?- a- d# L
r' a K. w5 k* b3 b"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.") c7 t: X/ A1 K+ Q8 R3 C+ ~3 j' P: d9 h
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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