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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
% ]0 i( a2 Q' t. g" B! VThe Canadian Press ( W1 p9 s/ K: K& I* B( }' A
Email StoryIM StoryPrintable View.By The Canadian Press2 {' t9 ^! r2 C
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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.) S) Y# K# i, ?; i- a
; k. } Z/ L. C, y7 u8 PThe 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.2 }" ]9 o( y- ~9 _1 Y2 F9 _
- w' {, Q: ^. a9 _; GThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.7 |% ^' B0 u3 y7 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.
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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.2 ~7 b/ D, p! }, u* {5 f5 h
[7 ?/ }7 C" y/ [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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