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http://ca.news.finance.yahoo.com ... drop-next-year.html
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1 i2 y% b1 v* ?4 _$ _1 c/ n/ g! WHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
9 m+ V* `% w8 d$ j( D; CThe Canadian Press 8 e* I$ _5 R3 f/ `* p. n0 [/ C
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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0 x3 ~( C2 f& X" b& RThe 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.2 O8 r$ L, b0 e0 `$ h
( Q C P7 @' j' _The bank says with home construction stronger than expected, the added supply will soon begin affecting prices. l9 w8 }+ v L" I) I
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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.
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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. b, \$ ~1 p. v$ u3 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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