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http://ca.news.finance.yahoo.com ... drop-next-year.html* D6 _& B* e/ U' |& X
1 \( c* k% `2 J0 x- E! z% H0 FHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
4 m7 i' w3 c6 Y2 {The Canadian Press
" t; f. y2 E4 x4 NEmail StoryIM StoryPrintable View.By The Canadian Press
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" X. H( ^1 F8 wOTTAWA - 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 c& U4 g: @6 x) g! e
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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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7 U9 U' ] l; X& e- d% n/ ^! r; pThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.8 V2 I' s z& T: Y0 T
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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.' g* z# o2 R9 i$ K2 t5 \% ?
# ?2 I: n0 K0 D( m e! B7 [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.
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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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