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http://ca.news.finance.yahoo.com ... drop-next-year.html! c. F5 k. a$ C) M+ B1 a
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM& E% J! ]! V, V* G) Q* w6 C
The Canadian Press
) w1 [( o: p2 B4 C+ C7 SEmail 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.3 o$ x: z3 [ h6 p0 o
9 T W4 T- w& P* O7 rThe 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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: Z, S; j1 @. L6 o2 iThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.8 l5 @+ [8 Q+ I6 i
1 v+ @; \0 M3 f) Z' xThe 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.1 d0 Q& u/ Y% U% {/ y7 e! u( _
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The 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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