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http://ca.news.finance.yahoo.com ... drop-next-year.html m' ] v: |' D' x* O
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM3 y, e( U$ W" L# l
The Canadian Press
/ X( T( ^. o% A( H5 cEmail StoryIM StoryPrintable View.By The Canadian Press
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& Q/ | E) U1 l# uOTTAWA - 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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5 x2 |( R9 ^# Y. gThe 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.. }" l2 d( m1 O% @0 I, k/ F9 l4 w N, W
& U/ J% k; H8 A, t& qThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.$ B1 [( D; Q1 n. j2 I
7 J8 Z; }+ n4 P2 _% Z/ n7 LThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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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.8 _9 a# m, n: f0 f) ^2 o
/ _8 `8 m- L2 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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