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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
! |. _3 ]! z$ H, Z- jThe Canadian Press 0 s* l- Y9 O. |, H
Email StoryIM StoryPrintable View.By The Canadian Press
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z( R( ?: I1 N# nOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.: g$ S3 m% @+ K
/ i+ h. _5 b8 T. T, U' z. J9 C/ Y5 @% lThe 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." G6 k+ P7 R$ N! f1 r
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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" N+ W2 B+ v( v% J4 A+ D/ `The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.- ?: j9 m* Y" N- d' t, Q
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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.' p8 g2 S" G) G! |% L
$ V3 ?) ]& s; c+ X0 v5 tThe 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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