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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 AM- c4 r' u' g+ I; c, }( m& x" D
The Canadian Press 8 E& ]% Y0 X' X; [# I
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.
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& J1 K0 u' K% `4 x- ^4 s8 H4 jThe 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.( M- O1 F- l4 v' v
; i4 R6 E8 X% c& ^The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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2 A' w' {# l( |4 ]9 i+ s8 p l# p% mThe 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.2 C' q! x' d. w* {5 X% t
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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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