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New home prices weaken in Canada
0 h+ }$ t; Y$ Q" [( FCanwest News Service) T7 [( v8 k! r8 `3 s& h$ e: \; q
Published: 7:48 am& o) i7 Z) z! C6 i l- E) z
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.
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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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2 A* ~' v: r, w" ~, D$ K8 g"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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0 Y% d ~- ^. C1 I- r1 mIn 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."% o* [/ B' n8 x( g. H+ d* ` ]+ l
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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( v8 O; `9 ]
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. 4 L, v8 \6 l5 l% Z* |) e: V
+ V) p8 O+ U" fMeanwhile, 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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7 y1 V" K2 u8 cPrices 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.- d4 \; x. D- S" ~0 k3 R; {+ \
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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.7 K; U+ w5 g# k T2 I1 K& q! W _
( r9 e- ^2 s& C# `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.5 w! Z% r7 T- K2 {, }0 ]# ^
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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.& Z2 [* s# ~; O* |! S( R
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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., m% @8 x/ g6 J7 v1 Z
& w. A' A) e# e2 }# K"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." Y( r6 s% N' h# K" y \
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; d# H9 n% }# @9 m© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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