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http://ca.news.finance.yahoo.com ... drop-next-year.html5 t; W4 y( p7 K- w
9 c {1 o, i! RHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
# t( S& D( s; q' Q+ h& f5 R% V- [The Canadian Press
8 q4 ~1 d6 ]- x5 }Email StoryIM StoryPrintable View.By The Canadian Press& h$ h( }1 W7 J
+ C9 s. \( p7 H* d' F1 COTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.
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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.- a2 H5 r* D6 E6 v
) y, A/ F6 Q. G4 Y( M/ _: U; @The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.5 t4 ]! ?5 U7 W0 d5 [- ?8 t! H l
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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.
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: k" I" t2 d& I; iTD 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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% ~8 j" Z+ s. n5 V, z# k+ xThe 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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