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http://ca.news.finance.yahoo.com ... drop-next-year.html" k% f% }* }" I M" \2 U
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM3 F t% }% o) \; Z( h ?
The Canadian Press ! I% E/ U1 u0 a/ D
Email StoryIM StoryPrintable View.By The Canadian Press6 c6 a: o, T0 }* c! Q/ s7 S0 O
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OTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.
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The 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.
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.. j* ~$ Y, Y8 l- Z& r
" T% ~* x ~3 [5 d8 k& MThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.5 Q/ U7 M$ M, X. L$ B
# T% k' y9 `$ i0 ^TD 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.
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The bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
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发表于 2010-5-5 07:46
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