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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 AM0 R1 P9 B# E- x" E
The Canadian Press
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: i9 [) @7 Z0 T) ~1 A, 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.4 n* y, R& @, `) a6 P4 r) y
, K+ J1 y2 Z" X. K' U% S$ c( b" ~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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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.7 w0 W+ |. l3 N0 A( W1 W$ A
0 m! U# h4 ~1 H8 UThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.2 z N& a* m, W# ~6 z( s, @ Q
& C( s7 T8 |# ?- NTD 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.6 Q0 k2 e8 ?1 Y! r8 x: ?
- _! ~! R$ p# n) N$ E n1 bThe 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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