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http://ca.news.finance.yahoo.com ... drop-next-year.html4 a1 ?. K" V, p7 r9 T
) _/ A4 @$ [6 a9 k4 x4 FHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
/ M( O8 f0 P$ P0 G: [The Canadian Press
: n/ [5 D( \) B* E$ H, uEmail StoryIM StoryPrintable View.By The Canadian Press
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9 X% z1 C. f( [, @( kOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.3 F8 s/ S& h D& ^
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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.# T& L0 M# v( E+ M- U) D" a
! A& q$ a$ G AThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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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.
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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.
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_, h2 E! e# D- YThe 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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