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http://ca.news.finance.yahoo.com ... drop-next-year.html
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4 c, Y4 u8 A& b# GHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM" G7 _4 h. i3 K$ G9 U
The Canadian Press
@8 v) L, E$ b5 ^! z0 KEmail StoryIM StoryPrintable View.By The Canadian Press: H* B! h+ L9 l' b6 n; |
, l8 O8 L i1 o5 E$ S! f( M7 B5 rOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.- [- k; ^8 ~9 \( f$ j. Z, |
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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., P& N$ F* Z9 I- a) A4 i8 V
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.: n& K1 E6 o3 R, T4 S
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The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.$ Z8 E) Q5 B4 Q
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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.: L; Z1 @5 X/ h' l: M+ ?5 C
' H( i( L$ [! ]3 ?$ o6 F2 F3 TThe 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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