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http://ca.news.finance.yahoo.com ... drop-next-year.html; \# x" u; P0 _# K/ L ^
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
* ?7 K5 V7 l' `* \% y5 x: OThe Canadian Press 8 m, A* v3 Q# q( E* o
Email StoryIM StoryPrintable View.By The Canadian Press6 J7 C- i7 t* f4 A: Z* ]
& o. n B7 ^* u# ^3 m" E4 MOTTAWA - 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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$ L4 j: v3 Q& R# \; n+ g- @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.- M9 w9 F! ^ A, d3 T
) L7 Q% l! i) X1 ?The 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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- \# @/ S$ H5 \& CTD 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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