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New home prices weaken in Canada/ P r+ o9 V5 ~ r o5 ^
Canwest News Service+ d5 d% X0 r$ w2 P
Published: 7:48 am6 ?% F* Q# b0 o$ S- d5 T# l: \
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.1 Z+ B% z. D2 G* V8 _
, J, R, C. X ?& D. GApril'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.. A) U) F( b& _# [0 y
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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. 7 U; a/ m F6 a
$ A" v9 G6 b5 \& M% b8 I"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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& I" p e8 h& u! w+ 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.
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" y0 T! N* M% Q- Z* F1 r7 @" R( dIn Edmonton, the year-on-year rate slowed to 8.1 per cent - the ninth straight month of decelerated growth.
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8 n3 h4 t" |1 ]" a# JMeanwhile, 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.5 x& Y& ?4 C$ \& d7 Y! d
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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.! j9 f) f+ D* Q% m0 u$ r5 d
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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.# D2 K' X+ B2 L3 @2 ]: n
+ b1 E P( ^* PPrices 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.' s7 W2 \7 U2 k0 G/ Y( I3 o
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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.9 Z$ T0 [9 X# X9 F- q0 R
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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." L8 t! l. m# F1 t! ]+ ]
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© Canwest News Service 2008 |
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发表于 2008-6-11 07:40
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