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http://ca.news.finance.yahoo.com ... drop-next-year.html
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0 `7 z3 u) z, D, y8 u+ AHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM" i; C: u8 l; a
The Canadian Press
4 a ]" _. X! M7 hEmail StoryIM StoryPrintable View.By The Canadian Press
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" }- J8 Z5 |1 v3 F/ g* i5 }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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9 F+ K8 E8 ]0 U4 N5 L& nThe 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.$ P5 Z; f B5 b1 m- v0 S. P
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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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n, j; X8 z7 {( D0 e A( xTD 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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