 鲜花( 17)  鸡蛋( 0)
|
New home prices weaken in Canada
1 U! a5 k$ { \. H _& U4 I1 k+ iCanwest News Service C( Q* ?( Z1 Y) R
Published: 7:48 am7 N4 f' k, y4 F" v1 K# z q
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.
: {0 X' B4 T: b3 A% l
/ [' J8 G: q8 i8 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.
7 d* @) W3 _# N7 D; _2 w% |' r4 r. u# v T- X3 f/ j* i4 Z' ?
"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.# G+ g1 f7 [* H1 E6 q Q
1 |3 ^0 a0 S) eIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. # N* s3 Q; N5 d0 \3 A" t/ f
2 v# t' }/ y6 g) ?* M4 d"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."
: B4 V( h5 q( j: o
* I+ `( x9 X- N2 {3 Q% ?# jPrices 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.
* N# v7 Y8 k( Q1 [& G
3 X( G" O! Q3 z& rIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
P/ G+ ~' V5 R
7 _8 W6 l O, p- `3 t3 ]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.9 t- m9 o w4 s4 B( `
6 ^/ m; l/ f& L5 {
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.
3 q& i! L+ I# h0 Y9 o! }3 M$ F; J4 w" E: _, Y0 D
In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.
. Z( Z3 I; |' t+ X# ]; @5 r: h6 ~0 J9 Q4 ?/ 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.( \! y. U$ ~, N- H- _3 ]9 S ?& S4 {
6 C( z9 V/ H, Z0 J4 X! @
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., E4 u0 }5 Q. q- m! _( Z) w: D
/ J. M- c! }- b"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.
/ J: Q2 [9 Q8 x+ g4 C! ?
3 H Q- R1 T) E7 Y6 e+ C"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."$ o4 Y: W# Y5 n# c( V
. K0 a1 @7 g* z0 y$ A* e" n5 u
) A/ L9 ?$ Z. f+ S9 k/ O
- r' I" p! K) ?2 x
3 X4 ~0 R: ^: m6 f( z8 g
© Canwest News Service 2008 |
|