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New home prices weaken in Canada7 {% }, Z$ i/ |6 k5 @& ?
Canwest News Service
; f) {0 ~6 w+ C! XPublished: 7:48 am" K" L3 }$ w6 `3 Z/ A) G3 ~
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.
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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.- @5 k N) b5 r9 k8 a+ s7 j2 h
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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. 1 }9 q% k) @; |/ T5 s9 k3 s9 q0 b! K
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"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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$ H0 O# ]. y e9 @5 oPrices 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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: H* U$ V% p2 A. B1 P. x6 zIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. % K0 R1 x C1 ~ G1 r
/ K3 B( |/ l0 S% E. A! \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./ \# q0 H% X( _3 `, h8 [
* @& j; a- C6 tPrices 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 ?- e; K; h& d* K c7 Y
+ B H# G5 }& P1 BIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said./ J& w. x7 p+ E- Y' r9 S
' W1 H& I0 m/ {" E; u5 MPrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.8 u! q2 H% E8 G5 \; w
5 ~1 @( R3 }, {+ i ?' \ I& y. CNova 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.) S" w# i0 m$ d2 K7 ~
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"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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; F N+ A) q% ^# S+ d1 O"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."; C$ m3 h3 a: L M
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2 K4 N/ G# O' Z" P* z* R. Y© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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