 鲜花( 17)  鸡蛋( 0)
|
New home prices weaken in Canada
2 @0 N) a8 ~5 [2 tCanwest News Service
1 B2 t: u+ S9 j$ j+ \Published: 7:48 am
7 r. W* u, R/ B( XOTTAWA - 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., C$ |& ?+ M% i9 \5 a/ A2 u( t
* c+ a& d* I- R) A) ]
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.5 J% D* k0 ~: O: L: n/ s, p% q! V+ v
: G' ~7 i. I, r, x B1 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.0 c$ w: m W, ?1 O P3 l8 \
j* h0 b4 F- t e8 d
In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling.
5 R/ X( {& \+ y8 L
0 Z* k3 W+ a$ {' F"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."
) s. G( `" v4 @" |. K8 U6 A# _ H
1 j* a9 h ^5 l4 J1 iPrices 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.4 m1 i/ `! r/ v, r N. |6 _) W+ ?
# d! X, z- d: i+ A" b: RIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
7 B3 B Z1 a8 B( W6 F/ M$ Y9 l5 E3 K6 i( z( i- \7 P& M, v
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.( v! Q U$ q; L6 @
) l/ ~0 H& N' g4 J, s
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.
+ z: g6 V. L) a
" @% a" a. h# N9 G. W! ?In Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.
, a5 f/ I$ K: b% S9 q
! U7 f- L, p; ?: M. E6 APrices in St. John's rose 16.3 per cent in April, up from the year-over-year increase of 12 per cent in March.9 v& i( y5 G2 u; z4 ~
- L+ a/ B5 K, l2 N! V, ]3 I
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 U( ]9 ]/ j+ j
' g0 s3 T5 e% l( a4 ^! O"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.) Q* o6 S6 p3 ^8 M! C k$ T9 R
0 T/ |4 I. C; {# d& 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."
2 Z" W7 [' M0 V6 D( T4 z/ A0 M
% h$ _) B$ E, [: @" V" }
2 S# S1 ?% T4 R3 K: s
3 q' ~4 R6 Z3 I' L9 R( p( Y: a) v8 D
© Canwest News Service 2008 |
|