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New home prices weaken in Canada
) M+ k0 q @! C6 O6 U7 SCanwest News Service
! ]1 o! I! c: R: g$ c# LPublished: 7:48 am, l9 i% f& Q* B6 i9 M3 C; M4 u, z
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.4 Y; z! m0 X- v2 r8 t% o
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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.# L' S( b( e" y: C0 F- X
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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.
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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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+ j: F9 E X# a8 t1 x"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."5 C3 n) b T0 w w( K) D
5 p; [) T" q0 o- T3 n' p# u$ NPrices 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.
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# |* k8 }- A+ XIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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, P& |. r7 }4 K# nMeanwhile, 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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% p, Y! R0 ]# J" k* G$ @+ cPrices 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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In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.
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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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8 m- @, t: o$ v8 m/ P; `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.8 {, s3 g+ y1 Z+ X/ y+ b
1 t9 Q/ C1 a8 Q"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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+ x- ] R* D+ ^"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."
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. t/ D) u) a9 Y g5 ~1 |! O9 i© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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