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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM5 y& x, L5 n. n( Y4 ~+ b% j
The Canadian Press 6 l/ n; G! [8 r/ t3 q! w' F+ W$ B' d! e
Email StoryIM StoryPrintable View.By The Canadian Press1 O- \5 x" y q9 o) l3 g
! p+ G- V" \' z5 \, a, p- ?" b+ P8 XOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too., S6 l, [, x7 Z' ~8 k
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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.' L; R/ Z% p7 Y$ [/ O& T
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.6 Y8 Y. i" \4 m" I( c: L p3 X# b. ?
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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.4 f' W4 g; s2 ?, T/ y/ g( A
& G# d7 C& @+ v. nTD 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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8 m2 d. T* I9 g/ N2 bThe 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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