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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 AM5 E) f2 e6 W6 K% E. h/ Q
The Canadian Press $ V5 k4 Y( Q8 j; v( J0 y2 p
Email StoryIM StoryPrintable View.By The Canadian Press
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! F! g l3 `: BOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.7 W' s4 o* N' T# U( D
9 z: ~! k0 w6 @- P! MThe 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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, p. r. e: S* Z/ N LThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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& q" [1 F# \" Z" \* PThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.2 b8 ]. e5 h2 v
1 B# X a$ p, }7 m% wTD 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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; E' E$ C# C* J; ?4 VThe 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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