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http://ca.news.finance.yahoo.com ... drop-next-year.html- [/ s2 t( J7 Z" }" h
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM% Q6 k# R K! Q* Q
The Canadian Press
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$ I7 j+ a; v6 J$ ~* POTTAWA - 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.! i$ |$ L# Q! O' Z% z/ }% C$ \
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.% ~5 W; T1 Q3 A& o) I" e8 ~: M
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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.; [& m8 C& U! c6 t4 f$ b- o1 N
# x! l5 i: v1 n# A5 QTD 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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