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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
& l7 \4 b& i* e0 d8 q C9 O/ `The Canadian Press
. r0 W% N4 H& y3 d+ i. u, bEmail 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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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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: O" @) \' ~1 E9 t6 zThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices. n$ _: o0 n) d O& y) m4 z+ P
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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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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.5 y j. i$ {1 P l" D
) O! B- \3 [, h0 o' PThe 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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