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New home prices weaken in Canada8 T: P' h9 m6 x
Canwest News Service
4 Z. N+ N& v C$ FPublished: 7:48 am
; ~3 q' H5 O3 H2 Q" L- x KOTTAWA - 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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5 c" ~) `8 b* G! J6 {( WApril'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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% Q+ b7 }0 `2 _, }' 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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1 }+ Y( |, l2 n- m0 [8 O. i8 SIn 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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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.
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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.) t, F, @8 p# a; h: }
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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.: S2 }5 }4 J6 p5 Y
' S- T7 r' p; H* ^. `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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|% k# v: F2 L7 a0 s8 L7 \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./ `9 t8 r' J4 n: K0 x* x- \' ^- E% N1 ?
8 Q6 k3 U5 _+ f2 U3 o$ E9 wNova 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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"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."
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, ^% h3 d# a, y( p; ~5 l) g© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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