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http://ca.news.finance.yahoo.com ... drop-next-year.html
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) ?0 _4 {7 F* v% @0 Z6 b- YHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM6 R5 x# n, A+ B7 |) U: P
The Canadian Press ) m9 I, F! K3 n% i
Email StoryIM StoryPrintable View.By The Canadian Press
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+ F+ G9 U: h( _8 F% m7 |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.( S; c% d$ Q& c
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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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" \; U' N5 t5 Q% UThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.# S6 c: @1 Y6 I' {3 Z4 g% b' `2 y
2 k8 s8 N3 C f" [- F& f* z* aThe 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.6 A2 L* T4 W2 [- j! p" D
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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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