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http://ca.news.finance.yahoo.com ... drop-next-year.html/ u' L3 W' l2 y- H7 B- {4 x
1 ^3 t0 G+ O \9 oHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM3 L) j, s; E: Q# r
The Canadian Press 8 e$ N' B7 V9 L: [$ W- ?
Email StoryIM StoryPrintable View.By The Canadian Press
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' l6 [( d7 B1 i/ T2 P9 N3 j* YOTTAWA - 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.; Q# o- _; [" n- M- c3 B' @5 \
, P5 ]/ \* e( u, Q) j" ^* M" r4 i9 }/ fThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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2 K2 t0 u" L0 s8 I( K' ZThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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" Q9 X' v" b) X5 D) oTD 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.7 q8 @6 O+ }$ R9 a4 a; y/ [# P6 k
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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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