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http://ca.news.finance.yahoo.com ... drop-next-year.html$ G) N; k" u. P0 X# F* v4 j2 C
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
/ R% X# G. k# u; U/ @3 }* {The Canadian Press
) p( M% h; c+ UEmail StoryIM StoryPrintable View.By The Canadian Press8 ^; N5 m& k5 ]
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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.7 A: F. L x* s
4 b+ G6 `3 |" x- D) Q3 y$ |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.$ _- a3 F) h0 ~
5 @7 Z4 I u* V' a7 XThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.6 Z: _+ ^# x( i _) f$ h
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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.% a: C4 C' k: k
5 [0 H1 Q+ {; _: W$ M4 m/ LTD 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.5 T8 t- @0 w4 n+ Y8 D
s V" { m ?! Y) X* d. xThe 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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