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New home prices weaken in Canada! b( i' J' \2 x; @8 ?; B" N" v
Canwest News Service" N3 b: r5 X f8 ~
Published: 7:48 am/ G/ [3 y8 Y3 x7 K: R8 Q
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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2 }0 O6 R) k+ x# F' U) K) ]"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 s& J! ]3 f5 z' K( `In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. / L0 f- s2 k4 d" S
! y1 U$ D: c% `6 ~- R% Q9 X) j"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."( b' B8 U. W# g% `5 }. }- S
" `& O; t9 E" r2 |" dPrices 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.5 N d& r0 U# c
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In Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. 7 G8 F# B$ X$ i8 ]8 D% J" l
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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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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.& C( I- i+ f3 V9 r5 n# @, j5 K
3 Z9 i8 M& O# @; v+ zIn 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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0 [) c$ k& C! s& GPrices 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.! _, X2 p1 k# Q9 x% m" M
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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.% Q; [$ l9 m: g" g" u$ a( l3 A
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"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."& {6 s; H1 C) Q) s) A, I
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/ \ j: Y9 H5 `5 G# p© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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