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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
+ ~! u1 W! k& M% |The Canadian Press
4 i5 r% S! w* Z$ L" j, kEmail StoryIM StoryPrintable View.By The Canadian Press7 k* F$ ~" s3 d2 l
0 k+ P5 Q1 i( S$ [! l" s& iOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.) n$ z! A4 ]9 N j8 P- `( H9 _$ D
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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./ v8 {$ k1 c5 ?6 m
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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* w1 C/ s M; E8 C; K" R- cThe 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.* O4 I, \0 N. q ]
0 Q* ^5 U# n/ Y% N8 gThe 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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