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http://ca.news.finance.yahoo.com ... drop-next-year.html4 s" X2 R+ V( K5 b% T: v& t8 A
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM7 Y8 o! y+ ^) e% r \0 w" R
The Canadian Press 4 _: B& u& x0 `5 z+ d1 h5 O# W
Email StoryIM StoryPrintable View.By The Canadian Press
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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./ }! a! `/ q6 y9 F8 D& J
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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.6 K5 d, {+ G X! ]: i* e, q
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.& h; Q& h; Y3 S
/ }2 |' _" d; jThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says./ k- Z9 ]* f4 g, H5 A; d
% G" t* u' X: i% QTD 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.2 [; N( k- ^2 ?( i
3 Q# O3 C7 w* t% Z, ?, A$ nThe 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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