 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html
4 d9 }" w% r4 X: N7 A
/ F8 H8 I* X+ qHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM# ^9 K" g5 g3 }' C) S
The Canadian Press
) q" n! X: J& I1 qEmail StoryIM StoryPrintable View.By The Canadian Press M( B1 k- f+ T5 A! q/ C8 A
6 q. S, Z, v5 o# u$ eOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.
7 w5 o6 g- _4 r6 D: T: s
) y8 T6 C4 ^2 IThe new outlook is in accord with previous expectations, with the exception that TD now believes the slowdown from the current hot housing market to be sharper.
0 a. ?+ H* p4 P1 n& K* Z+ i
5 B9 ^9 w7 b8 Y& k# e7 m0 KThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
k/ v6 G1 V: ^4 o5 X# z
0 G/ h% B8 _- ^# P0 |, W* YThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.* l, |! N0 @, w6 F% a- `
' B# C. y/ s! |, U- nTD says it had expected existing home prices next year to gain a modest 1.6 per cent, but now believes they will actually fall about 2.7 per cent on average.* H, p$ u" t" I# e' g* A- d
1 s) u d# N/ h; a1 @( f% l ]; ~
The bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|