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New home prices weaken in Canada
" U8 ?4 G! C2 Y; w! a. b# ?Canwest News Service. a% ?( z# Z9 R2 N
Published: 7:48 am1 Z4 X. |5 J; ? L l2 P+ ^. J
OTTAWA - 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.' n6 N1 K, V( ^8 t7 f- q* P# I# j
7 t7 T! O- Y9 q& R! gApril'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.; G5 d( }% Y, [# h3 ?) p5 N
7 L# Z4 s; M* d6 h( x8 z) a, x"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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& [' F8 a3 h6 l6 y4 |' zIn 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."1 I& J! J5 N2 x. o v" s( q
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Prices 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.* I! G3 N3 ]9 i! x1 M) n; e
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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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.
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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." B! z+ D. D5 K' a4 D
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Prices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.$ Z4 ]8 ]7 X: J0 z, m
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Nova 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.; u9 N" Z! {3 w0 P/ Q
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"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." _% }/ e6 d- Y9 A, }
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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."
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" h3 t+ D, I6 u9 @. E© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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