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New home prices weaken in Canada/ K% f3 g$ N* a) N
Canwest News Service
$ }9 @% x* l l! q. M1 q) XPublished: 7:48 am' h& R- k) l9 z# P+ J2 a
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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$ |% ]4 ^4 c: }+ PApril'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.( h+ I0 J4 M: C2 E" f& n5 [
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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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" K7 |# a c& Z8 Z0 H a# h! _: MIn contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. 3 ^5 T( i/ N" J8 a6 C7 }3 @; M
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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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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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2 b; c; n5 ]6 M c% E& V; r" @In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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" N6 r( n7 V5 L/ f% l* WMeanwhile, 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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3 X/ D* z1 d# sPrices 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.- |# l8 j( u0 p
7 C* N* C5 n, f- MIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said." P- s f. C$ p* A5 t5 J0 n/ p
/ u3 `$ K: Q6 t5 |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.- k* M0 z1 j. C& J. @, A, K0 e
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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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, y: e. I; ?4 v"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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. }& }. ?: W2 w& |4 D9 ["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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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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