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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM0 W" M: y0 H+ u* p( o! t8 s
The Canadian Press 9 D' d" {* g4 j
Email StoryIM StoryPrintable View.By The Canadian Press
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" S; l. V! q. ]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.
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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.& E% O1 Q9 e) |& l7 J
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices. J7 m+ z5 q- F& C8 m& f
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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.6 `' {4 v' I2 W# S
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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.
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( t0 l l, I9 v1 `, k2 m/ b; AThe 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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