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New home prices weaken in Canada! i) b% T% k/ i9 ?# F6 `+ M
Canwest News Service' I* C+ V) x- j' U: g
Published: 7:48 am4 j# |# ~& b# |! m/ x2 o
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.1 g( p* l9 b7 F! G N( I1 O& v0 F
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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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"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., x: i3 R$ _5 y: s; G# ?
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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.
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( ]! K9 ^1 y5 U* |( S$ I2 n. y"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.* ]6 O2 N* j# d- n2 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./ ~7 m# A% p4 b9 }
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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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k- I" c% m4 B7 v5 J% ZIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said./ V& n2 K* C5 d
3 f# K) V6 l2 T0 {, \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.) a" c7 ?% ~* v% ]9 a& ~
" k$ Y. n8 {4 ^5 a" YNova 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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) @) x8 q. W* P"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.' }% O$ i! h O* M' 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."( Q1 O5 x! p3 I
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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