 鲜花( 17)  鸡蛋( 0)
|
New home prices weaken in Canada
- L$ A% Y" e E5 E& t, N- ^# TCanwest News Service) y" R w9 K8 x1 r; l: ^
Published: 7:48 am+ `7 } S6 G$ d' x. x0 B/ c
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.
- y; f W: @4 U8 i2 I' i/ ]( B: Z
7 }" d* L" G/ n6 G, NApril'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.
% j9 ]7 P3 c1 Q- d( K% K7 T
* t, U2 _8 x% i) w* d"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.
2 v% P7 w( d# y
# g M5 [3 q2 n/ B% q3 m dIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling.
9 ^+ [6 v c6 ^' Q8 d/ M0 ?1 ^
: A' ?. {6 U( {0 z! |6 `) v8 h"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."
* Q. ]3 J8 U* u" g8 i+ ?' n# K$ a1 Z# @3 _# R; m1 A( L$ a1 v
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.
) j& H4 N' L6 X6 M4 `! E; U
3 o* w! F6 l6 S, I+ pIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. / o I3 m4 d5 i$ N1 W% r! b( T
" ^8 r6 O& e! t3 o6 s
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.+ D9 D( Q0 v7 B0 y5 ~' H) h4 _0 r8 H
% I$ `4 N$ _" v! Z5 k" G! i# T* u
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.1 b$ r! L* L. o- R. e
- h- D( r6 Z) \3 x/ }- NIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.
H0 c. B2 N6 z! a1 O+ Y k
9 N( \0 X! k5 C' I4 PPrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.
7 |, ^' Y' Y$ R' b. g1 c5 m" d7 x. j$ r0 ?0 v% C, j7 O
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.
1 a) n. u, x) i+ o K1 t
. A5 o. V9 \2 G; z K) M"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.: z1 V. e" Z$ z/ y$ u, _% w
3 f) M* a% w- W! W# Y"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."9 A y* ]- e% d& z# ?
3 D$ w6 z o9 n! O' O
0 x' x6 f; H" w& T( l# [0 o, s
8 o6 \! J5 d7 y% E. w; c2 d( ~3 x" N& v" ?1 ~! T3 B$ M
© Canwest News Service 2008 |
|