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http://ca.news.finance.yahoo.com ... drop-next-year.html5 W9 C4 b, \! v' _
8 W" l7 r6 S6 n4 c5 z0 |Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM( w1 p# C _' J# z1 Z9 C5 B- ?
The Canadian Press
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/ C1 ?0 }- a7 d, B" w, vOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.$ i+ G! H6 F/ J( g \+ Q: M
% r$ V! q9 N1 `( t8 MThe 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.; Z2 n! L4 F# C8 H" W
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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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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.. K( G' U1 J6 T4 H
8 ?: M0 V9 G+ |( O: z- V+ ~+ |3 lThe 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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