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http://ca.news.finance.yahoo.com ... drop-next-year.html
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8 c1 R+ u- y4 W: u1 ]; d5 fHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM& A! o7 Q" r; C2 z
The Canadian Press 0 W6 O' n2 W# y* t9 m% b8 r
Email 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.: q. n) w& j- E. k# v9 X6 i& j& a. o
* @" ?( O' T% i/ P( s0 U: IThe 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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, Y' ?) p9 |# m& Y+ pThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.) w0 V9 }& O) B O& |
0 P4 b( K% W9 r' m" o3 v( m zThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.4 P: g3 z7 C; |/ y1 v+ p, m' |
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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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% H: N* U* n0 y1 DThe 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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