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http://ca.news.finance.yahoo.com ... drop-next-year.html" X2 j! R9 X) C
) p5 T9 P; m# M) J3 OHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM. _! B! q+ |* S) J
The Canadian Press ) k" T/ `& X( X# }4 z2 v6 |
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.) n/ g$ |/ b; N+ h
7 f7 j) [- W0 {) J5 f, {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.: ]3 O' G3 x8 y% D) j/ j
6 _8 X( [8 H# t& rThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.* k$ l7 a1 R# ^ z$ l G# L
! k; c8 q, k# bThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.4 {1 `. A# K; f8 Z
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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.) D2 m c5 [! k* P0 @4 H8 K
3 o4 e4 v! [: s5 S. r2 B3 fThe 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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