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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 AM4 s, Z6 H0 Q8 x1 i! i2 a
The Canadian Press
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. \% e {% p: S3 n6 L; f4 |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.& @4 U) q1 N4 P6 q7 {
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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.
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.- G2 p" M/ D# o. z, t" d, u! P" p9 l
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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.! ~, x+ ^& J6 h! e" y
$ n6 F$ G8 U6 k B$ g+ fTD 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.+ K) w2 r, D6 B5 m
7 E0 [- e M8 t0 xThe 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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