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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! |+ X, I8 R5 j% g8 x) X+ I
The Canadian Press ) I/ C: t: @# l& _- j5 _
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.
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2 p% j* K5 x7 ~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.
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; T v# _& f8 [) i( @The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.7 F0 }+ ^' Y. B
! T9 k$ R" ^4 vThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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& v0 T" W, h: @5 C; WTD 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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6 v; N9 s( R: n8 QThe 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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