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http://ca.news.finance.yahoo.com ... drop-next-year.html3 ~8 w, p1 V, f$ W/ }
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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
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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.
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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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.$ P7 ]$ Q! I$ E+ L
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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.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. |
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发表于 2010-5-5 07:46
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