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http://ca.news.finance.yahoo.com ... drop-next-year.html$ Z k1 p3 `; g1 e1 T2 z
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
. w. s( E) u+ kThe Canadian Press
$ ~6 ]) m3 L) u' \Email StoryIM StoryPrintable View.By The Canadian Press
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( w/ U" m) e9 I+ lOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.; Y( \' v: d. B; Y4 ?. I
% Y' O. Y5 q# h2 ?. hThe 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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& [" f8 j& i, ^ s- a5 D4 K3 ]The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.5 N5 _% T d# U) y! y
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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.8 q! b6 F. M+ L" _4 d2 p
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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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