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http://ca.news.finance.yahoo.com ... drop-next-year.html8 }9 _/ |# Q6 V9 s) R) Z
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM+ g) T* D- ]; P0 c( C
The Canadian Press
3 d3 z4 p2 L2 q( ]Email StoryIM StoryPrintable View.By The Canadian Press
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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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8 V5 y3 a; }, WThe 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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3 d; ~9 f# D9 C" | p1 E3 S9 GThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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& l' F8 p* Z$ u4 JThe 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.) J# l: z2 [6 v5 H& Y
- Y8 E# f% N7 X5 m. S4 }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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