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http://ca.news.finance.yahoo.com ... drop-next-year.html* a# M* P A' `8 }, T' Z
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM4 S6 Q% W( P: p
The Canadian Press ( Q0 u( V# r% n \
Email StoryIM StoryPrintable View.By The Canadian Press6 V1 Q9 ]3 F6 V( W- h
# k0 }5 A9 g5 x$ |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.9 t! @: A9 M" A L1 a: V
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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.- T( r2 E+ @. ~6 y
+ D( B# q; i- ]8 R sThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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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.
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- x, b4 z8 Y) X4 @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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