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http://ca.news.finance.yahoo.com ... drop-next-year.html, k, g8 h' x0 M& h! ~3 q
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM1 }0 }( L# \9 f5 Z: j# t* }; {
The Canadian Press
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5 S4 U4 F+ d7 |6 V) f8 ?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.4 k. K; v) z% {% Z% D: }: n1 Y( d
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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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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.- _4 p& u1 ` i) T4 k
7 {' Q+ N3 V# b! q- ^The first half of this year has been hotter than expected, and the second half will be cooler, the bank says." \% |; P7 Y! j8 Y# E7 M8 x
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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.% p) X9 _ e+ C! ]' |+ z
e. A# h. J0 t6 w3 A; `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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