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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
% B1 E9 P) g! \! e3 tThe Canadian Press
9 g4 V' R: p1 ^) E( d B: y' nEmail StoryIM StoryPrintable View.By The Canadian Press
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+ g, c) l+ u% e/ Z D7 ^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.3 x6 B( ] H; Z/ k' g% h
% d6 B6 Q( l( T7 e# ?0 x; ?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., S& j& W8 t* b' c
4 K- H$ h" d* O0 |$ K3 H+ U4 v% W: mThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.! l# T5 }/ R8 g/ q5 m. i# P) \+ u
/ b' @( u! G' |# RThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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7 ]7 O0 |# o7 Z$ NTD 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 N$ e f. t( f2 y( S0 r
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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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