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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
! ~$ h$ }& G5 j3 a& xThe Canadian Press 8 k( J* t/ |- ~9 O4 b5 L/ J
Email StoryIM StoryPrintable View.By The Canadian Press6 r% `( W$ e6 y* ?: F
+ N' b4 _2 j& B# zOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.% p: W: \% z# P
0 y( f0 h4 {$ B3 d1 WThe 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 n% V$ G$ _% j, e* P2 T, ZThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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/ \2 D @# V4 k4 H9 x% G+ q% vThe 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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3 C" [, ]2 u" L/ U) yThe 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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