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New home prices weaken in Canada$ G' u- R& Z, v% d" O
Canwest News Service: V9 Y6 {0 H |/ |) z' x n5 k7 W9 H
Published: 7:48 am" g4 w, J8 }1 q2 S, a- U: B# F
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.- v; r+ f- x& I9 Z5 P& \
1 Q" t! [: n* U: V. j/ KApril'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.; U, l9 x9 e( x' Z# Z8 |
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In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 6 p" `0 R2 {" d4 W0 l
5 K8 {, h- }' B6 j, b. K"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.3 J4 p( m$ [ [& ?2 _
% B$ V% M/ _" V/ v5 @( W8 dIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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3 l: A( K$ R! rMeanwhile, 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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1 l, h' o5 r! G) a/ X! _* Q( iPrices 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." J+ x/ }4 s+ @: g
; ^/ Y- y# c( Q1 MIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.' Q u1 i5 H' q
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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.
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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." @. p3 }. S( u# W/ M5 A0 \1 i! O
/ `) M2 p9 n7 u2 f' B6 a/ [8 y5 E"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."0 }' J$ e3 N4 W1 m. O2 P0 J, b
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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