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http://ca.news.finance.yahoo.com ... drop-next-year.html& Z6 @2 [" j0 U7 ]8 J9 p9 m
; I1 ^' j4 f" AHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM, p: j1 n: [7 B1 K* ?
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. K! Z& M' w* b D$ F
* F6 I3 m/ a: I% t: A- r1 _6 ZThe 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.4 |' |; V) d( L' Y z% k
. G8 u- b, O" u! |3 d- ]0 b1 I0 v# B7 BThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.3 z, \0 O$ z/ O; P4 D" M0 o
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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.
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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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The 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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