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http://ca.news.finance.yahoo.com ... drop-next-year.html% |! X& F2 e! I/ t$ V
; u* u0 o( e- e- t9 E, G8 DHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
9 V( F) K* `1 b& Y1 z) xThe Canadian Press
- f) @! N3 _0 W* bEmail StoryIM StoryPrintable View.By The Canadian Press
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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.9 A4 {; f! {! I! l
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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.
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+ t( s3 K) C! F( ~& M( s% T" Q! A: tThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.3 K7 V3 Y$ @& s H W6 U% 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.
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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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