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New home prices weaken in Canada5 G6 x% @. `' j6 }
Canwest News Service
% l0 |" L' h z* e- s0 RPublished: 7:48 am
6 p3 p& j! A; ?; r# sOTTAWA - 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./ I$ j d% \" K6 c" e
/ `* u# i& R# d! h5 b( a7 C; R: oApril'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.
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9 @4 j' G$ F+ }In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 9 @: z: _8 b- |
+ u* V1 N4 J& I+ F5 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."
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( C, M8 n' Z; C# v, @/ N* 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.
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, o" d5 z' o3 Q, I& n0 e6 EIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. / L; i( ^( Q/ ]( u6 u' ?
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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.
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+ R, W! E; @1 hPrices 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.' f& C! K) U! H& o: o
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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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7 P( L+ w9 T [' v$ \/ @) zPrices 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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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.
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: z& F8 j' f) H2 e"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.% Y7 J0 F/ w; I0 J
! M) F# e! u& p& \* _; Y4 E. _5 \"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."1 u, j9 B6 z, g! Y, s' v
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! Q% M! I; ]# F/ B© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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