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http://ca.news.finance.yahoo.com ... drop-next-year.html7 E% z; |$ H# H }! V3 u
8 m. N7 \5 `. pHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
0 c( G& `2 B! {0 ^/ H. |The Canadian Press
6 x' |; M$ f. VEmail StoryIM StoryPrintable View.By The Canadian Press# \- K$ D; A, P8 v
7 H2 j! W% L) u; b; \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.4 A7 J% @; T; ~' ?
: w9 }% {, y- ?& WThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.: R& I3 J0 M# D4 [
; `: M* k+ ~, ?4 cThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says., x0 @; {* i; q3 ]& j3 c! b
( L" {; ?! R; S; BTD 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.- i' P, N. U& }) O7 V* ^9 } r
( X8 C/ N5 E7 Q; V1 ~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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