 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html
: h/ c+ }& y5 _$ x/ K0 L) c
3 s9 @/ r3 ^$ | `) q jHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM& G. q& B0 i% N- d3 }/ z/ c
The Canadian Press : W: W( E$ g" T
Email StoryIM StoryPrintable View.By The Canadian Press
( m( d1 g, m+ R3 A) i% j& k. L1 ~* s6 o1 F- \! F$ u: j# J
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.8 ?( v3 X% R1 [
# n& l8 f0 H0 o* ]4 R( ]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.4 L. U4 [% X% L0 c' Z) f
* A$ m+ d* j1 Y4 O7 ?! ^. Z1 _# N
The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.$ N$ r0 o9 R2 S- e, t, d
% O6 H& U2 n/ s( d% k, NThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
; ~5 n/ i% N) G8 i2 w/ C# `0 H) @& ^" J: o4 S8 Z/ A$ r' l, P
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.
, M7 A5 S4 P5 r o2 z K9 N N; Y2 V0 ^, {
The bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|