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http://ca.news.finance.yahoo.com ... drop-next-year.html
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5 p0 C4 L* H ], Z; N3 G8 u5 F* V: bHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM. J: U0 z" v- p5 ] C5 |9 C
The Canadian Press
- W6 h! i: o) c0 {' `& `Email StoryIM StoryPrintable View.By The Canadian Press
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5 }4 A3 g% D0 Z& U% 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.# G% e X7 l# Z& }- V, e
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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., U$ X, f4 d: s& z! p
5 }) w) b e/ ^% G7 o- gThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.9 X7 T5 B# j* j; C+ @
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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." C8 h8 b# } E
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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.% C2 s2 m; C, Q+ X
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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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