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http://ca.news.finance.yahoo.com ... drop-next-year.html2 c, m/ r! l6 y. I1 r
! z0 x) g1 I5 G1 e: fHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
, h" {. a5 \ U. lThe Canadian Press
4 g; N7 a3 F* ~Email StoryIM StoryPrintable View.By The Canadian Press! W: c; E& N& _2 L. y2 J
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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./ \2 N2 H) I& Q' O1 t, S1 j6 _
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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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* F. {3 y7 Q4 k. gThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.( u O7 `: T, U
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The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.7 d. H* K4 H+ g! s% s
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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.' d6 q5 x) _3 Y- t/ y: Y$ e: P2 z0 C
+ @$ h1 T. Z0 i9 F/ r. Q4 {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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