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http://ca.news.finance.yahoo.com ... drop-next-year.html1 U1 P; \3 z$ v( V, O: i
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
/ g2 v( E9 b5 A; l* a9 I0 S# {The Canadian Press
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1 p$ a6 L, M7 b* jOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.
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; [+ n& L8 U4 ^: s/ C, 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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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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2 P; d6 G# y/ {4 WThe 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.1 Q# J/ Q0 N" Q" V9 x
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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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