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http://ca.news.finance.yahoo.com ... drop-next-year.html/ n3 r- _8 V. D; U3 p
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM9 p& ^3 B9 A4 o6 s
The Canadian Press 8 J. s+ d# f5 m/ ^$ A9 r- _/ P
Email StoryIM StoryPrintable View.By The Canadian Press
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: l& n4 g( ^4 q/ cOTTAWA - 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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* c9 M5 F, D$ z2 MThe 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. C; q! V$ h7 m' p
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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: V; P$ I' \( j( P9 X8 ~$ IThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.4 U0 L3 |8 r# s3 X8 |$ p
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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., x; o( a: E% J& `) v1 p- y% s
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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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