Edmonton new home prices see biggest drop in 23 years

水管工

Bill Mah, edmontonjournal.com
Published: 9:53 am
) a: Z6 C; _$ q( u6 {EDMONTON - Prices for new homes in Edmonton fell 5.3 per cent in July compared to the same month last year, marking the biggest year-over-year drop in 23 years, said Statistics Canada today.

Edmonton's cooling market showed the biggest year-over-year drop of any Canadian city.

9 _+ t/ {; B& c* K: PCompared to June, Edmonton new home prices nudged downward 0.2 per cent.
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Calgary saw a 0.3 per cent slide compared to July of last year.

"Markets in these cities continue to adjust after experiencing record price increases in the last two and a half years," the federal agency said.

# @( W$ x' f" F' Y4 B, BEven heated Saskatoon posted a slower annual increase of 13.1 per cent, "further confirmation of a trend of deceleration in this city. Many builders reported increased prices as a result of higher material and labour costs," the agency  said.
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The fastest pace was in Regina, which saw a year-over-year price increase of 29.6 per cent, down from its record rise of 34 per cent in April.
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As the market continued to cool in Western Canada, prices for new homes rose nationally at a slower pace in July for the sixth consecutive month.

Prices were up 2.7 per cent in July from a year earlier, down from June's annual pace of 3.5 per cent. On a monthly basis, prices edged up 0.1 per cent between June and July.

"The growth rate of the index has been on a downward trend since September 2006," the agency said.
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With files from Canwest News Service

bmah@thejournal.canwest.com
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© Edmonton Journal 2008
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[ 本帖最后由 水管工 于 2008-9-11 10:24 编辑 ]

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