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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/ Y% z+ o' F& X% w
The Canadian Press 6 l! ]% e E2 J- f- [
Email StoryIM StoryPrintable View.By The Canadian Press6 X. G( e1 Y: O# ?
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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.+ I4 k$ j7 f9 c/ G; r# z5 C
7 H$ v2 S) b" N9 L$ l* zThe 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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) C8 u/ P2 ]5 x+ g+ z; KThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.2 I" l5 A9 o- M$ i& ^1 R4 y* o& m
6 D5 Z# i- D2 s3 ?9 dThe 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. E b F& }$ D: E) U+ j# G0 p. K
# R" m2 S5 V2 k+ B" B- q' }& QThe 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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