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http://ca.news.finance.yahoo.com ... drop-next-year.html' S {0 _" v! ]# b1 ^6 e
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM$ f2 o7 F8 h) {& b; Y) O2 R
The Canadian Press W2 E! B9 m% `& c# K s2 b+ I
Email StoryIM StoryPrintable View.By The Canadian Press
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( i$ j# v5 m/ q( O: y, qOTTAWA - 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+ w/ O7 y, R5 b4 h% d! H3 u
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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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6 W- G8 d: `' x$ \ NThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices." F. y; k+ r& H/ F! [1 i$ @
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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.2 o" B3 v V1 d5 t
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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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