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New home prices weaken in Canada
) \/ t. G; y' U1 ]! U2 {( d8 vCanwest News Service
4 z& t+ r9 o$ t! ]7 OPublished: 7:48 am7 P# Q, w8 C- l# J3 {. P
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.5 v9 O! ~ m% l% J8 e' f7 X- ]- l$ I
7 D' b) R& n1 e& hApril'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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"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.1 w0 P0 d# w' e: W9 c
* a& J6 I7 x2 B# C4 rIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 6 p8 E0 _8 @+ r& `; t( C4 @
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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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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.
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. ) @. q. g) W1 a' Z! K3 R5 E5 S5 S
& O: E# {0 | h( [1 o+ n2 dMeanwhile, 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.7 F6 S; k9 N- \) M" i g1 B
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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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, i, q9 N8 @9 @. @3 jPrices 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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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.' H) \; e3 `# ^" a6 K p
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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.
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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."8 }) z) t% M( o' V/ r
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4 M- _5 f$ p* K5 q© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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