 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html3 ~8 w, p1 V, f$ W/ }
$ }, Y: }7 J/ l: ]" o
Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM5 h3 ?) E- J& |4 {% e. n* g9 X
The Canadian Press 0 h& y) [2 h k& G, m8 m3 ~
Email StoryIM StoryPrintable View.By The Canadian Press* i0 ]( E! S" V) M: A6 N* w
. Y4 Y- r Q' m/ q" G) @9 n6 u8 \
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.
$ u- c$ H% m0 k: V5 c7 A2 \1 r: n6 M1 _* 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.
# C, U0 ]. B+ [' H' k4 m# i K: ^8 S: X( l8 _" g& A1 M7 ^
The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
7 A1 F {' `" o; R! s$ E Q* h* u2 j8 B" [) `" ]- E# T( z
The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.$ P7 ]$ Q! I$ E+ L
+ y9 L: U9 m, G" q+ \! C, u+ l
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.7 ~' G; e/ ]5 A6 x% [
- J h# g8 ]$ n/ IThe bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|