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http://ca.news.finance.yahoo.com ... drop-next-year.html1 N' K( S) O2 R" S
" j. a9 M- ]/ YHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
6 h1 e$ A/ `% NThe Canadian Press
( H7 K7 f" I5 R5 d" kEmail StoryIM StoryPrintable View.By The Canadian Press
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8 ^5 b1 i( P$ @4 _8 GOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.# {' x9 |7 I( C g: C
* g! X7 A* ~3 ] b/ LThe 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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2 { {% a! C6 [* E3 N; n$ a6 A3 eThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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1 \8 Z8 R5 | W' z7 h/ a/ JThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says. [( w& ^# G2 t! r
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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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