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http://ca.news.finance.yahoo.com ... drop-next-year.html$ a# s3 X! z6 w" g# f
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM3 n) X0 t- u1 n$ p' L
The Canadian Press . a( ^# F* P- C, `7 @4 P( A; b
Email 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.! N9 H% }8 b8 K. I j2 `% C
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.7 a8 Z2 ` R) l
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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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# k, J- I' W9 f9 `- j. Z7 zTD 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.0 c: Z5 N2 m. h: F6 _
4 p4 v% e r( TThe 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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