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http://ca.news.finance.yahoo.com ... drop-next-year.html# I1 \6 I' p3 X2 b, o* G
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
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Email StoryIM StoryPrintable View.By The Canadian Press+ s8 Z0 ?/ O: Z: k
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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.
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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., S- \& }. \1 J; W6 K& z
6 h: a! \: B4 V5 ]3 ^The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.3 ^ ~# ~. H7 k& b; ~0 U/ A
+ o; M+ @/ G4 e$ |9 e1 bThe 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.
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6 l5 T# `: G4 o# w7 y9 r* NThe 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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