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http://ca.news.finance.yahoo.com ... drop-next-year.html8 i2 l! ]* y" r# E. z! s
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM7 @, l3 ~" @$ u$ l/ I7 X# r
The Canadian Press
b! E4 i( q& V% SEmail StoryIM StoryPrintable View.By The Canadian Press4 v3 p* G% g2 z
, o! q/ E6 X n& @+ K; h" `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.) o- ^5 a( I$ G' E
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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. p& [, h2 E& a d4 c
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.. t, A) J! d* v8 N6 f. X8 J
( D$ _ k- a' X" ^6 TThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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; D/ m, j; |: wTD 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.: i) r7 m+ N) c
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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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