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New home prices weaken in Canada: f8 a& S* `4 v0 R3 P
Canwest News Service' z; P# j9 E, {1 R0 ~
Published: 7:48 am7 }0 R! j0 j, I" @# I! G% x' `4 H
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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$ H* n |3 C5 a: l: dApril'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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In contrast to strong markets in Saskatchewan and parts of Atlantic Canada, home prices in oil-rich Alberta showed more signs of cooling. + q, v$ E h; {3 N
* {0 p( C# J1 H- W2 x+ h( M"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."0 n* p" E4 N8 G
) y6 H- k9 d/ |# ?# h; R4 w4 L; ^8 aPrices 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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& ~ }. p* ^3 q: [( g6 y5 e- R$ NIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth. ! Y" i4 ~: a6 }
6 T7 L. F# k- @ c0 hMeanwhile, 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.
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. D6 r2 d* g) y: O4 j; t7 OIn Newfoundland and Labrador "a strengthening economy, coupled with increased material and labour costs, has contributed to record increases," Statistics Canada said.4 ~* U- g! L% y' r3 X# g7 F
" E# b, c) V/ F7 e2 a( \4 _0 _" [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.
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& Q8 B& n# W2 o" T% D# iNova 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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"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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"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."# g. ^2 N; S4 c" [
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* o; k Y9 Y) G© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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