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http://ca.news.finance.yahoo.com ... drop-next-year.html! y( |- J" D( ^( T
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM2 E' H1 z$ ~& t8 ^0 k# S
The Canadian Press " i4 L) W1 b1 G2 }4 }8 s
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.1 I& n |' T. W1 Y' l+ e6 r7 f
. H* `5 U/ b( X! ], ]( vThe 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.
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.( K$ v, H0 j/ Y) _) s
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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., M1 R6 z& Q( p3 h: N6 x/ s
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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.: Y8 Y- ^5 y' }% s* C# i0 v
- e( G. P& N& c) f8 ]/ x F9 y% hThe 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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