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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
6 o5 g" j& E1 i" XThe Canadian Press 0 M. Y9 N- ^0 V. S# H
Email StoryIM StoryPrintable View.By The Canadian Press! o( U& E' b q4 n4 h3 w7 u! \3 B
. k+ Z7 F& X U& s1 |6 q" K EOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.( M+ G, }' Y2 C4 ]3 k' y; v$ p
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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.
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9 k5 N: c5 G/ @& t4 _2 aThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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0 S6 h% J" s! G KThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.6 r7 W! z2 k. `/ c7 m7 `" y8 G
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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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w2 N3 Z# s; @8 i5 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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