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http://ca.news.finance.yahoo.com ... drop-next-year.html$ K& v" M0 e5 y+ B
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
2 j5 Y) e. g& x+ |The Canadian Press + b; i3 L, b3 \' q; b
Email StoryIM StoryPrintable View.By The Canadian Press: v# b$ C( i+ c+ _5 N9 H, V* w$ z( H
3 C5 K; x8 t0 D# R: m$ AOTTAWA - 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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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.
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# U! g9 y1 O1 s S( I$ z! J7 Z& nThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.7 f) v9 U. d; i$ S& T# B
* }0 g# k% z& a mTD 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., C; Z5 d8 ] x( c3 Y4 {) W0 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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