 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html
' L- G/ p" e; k6 |4 Z/ E. i5 ]; d! a
Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
, |! R& B& D7 U- a/ `. h8 X' aThe Canadian Press
$ y+ m. }6 n# u- V# o& `Email StoryIM StoryPrintable View.By The Canadian Press0 K7 h, _+ d& _+ @ h, L3 ^/ ?: a8 b; \# S
* y' O& G$ m3 v, VOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.
+ {3 Q( d5 O% _0 ]3 H9 i9 r
% i3 a. C" ^7 ?! Q) ]: Q3 N. 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.3 M; u ]. e: j9 R: s6 z7 Z
" |) S7 i9 S& [; ~8 Z/ X! w; |) TThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
0 g, y) v% i% k/ S/ O6 p$ O h) Z7 N5 c8 G
The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
$ @% }7 c$ k( M2 y* L7 V: k# B. U2 U; Y8 s- o. ~2 J' r
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./ E2 H( T% d6 b* a/ i8 o. y6 ]
' x' S8 C; A4 E5 A4 ]( v
The bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|