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http://ca.news.finance.yahoo.com ... drop-next-year.html& D: m# P0 L) {8 R* E
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
8 S( |0 G4 i7 i) u0 rThe Canadian Press
: s8 r; k I# u8 w; NEmail StoryIM StoryPrintable View.By The Canadian Press/ g! V2 z! Z5 l( r" \+ U
6 M% y. G7 h' M, H1 V3 J2 X7 v5 gOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.- e, j; c6 E0 r
2 F2 U" V- t+ ^" wThe 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.3 C' _' z6 o! h
7 m: {7 |2 |! MThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices., ]7 e' U3 P: y* o. X
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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.% S4 ^6 T% A$ f+ Y# j4 P2 j
8 X' E4 s8 F# |1 P- X& q9 ZTD 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.
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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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