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http://ca.news.finance.yahoo.com ... drop-next-year.html
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2 Z& d! e( l8 H/ f4 tHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM1 T$ s3 i( O& Q8 O
The Canadian Press
2 X) u3 k9 C9 dEmail StoryIM StoryPrintable View.By The Canadian Press
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9 {, y/ v7 x# H4 e/ ^4 qOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.8 c4 S! g9 I. ?. J
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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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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.' l ]6 W8 C$ w5 I* I" ~ [2 `, V
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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.3 h4 G! F. V2 z$ u6 k7 ]- H
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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.& e8 @6 Z1 y/ p% r& ?
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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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