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http://ca.news.finance.yahoo.com ... drop-next-year.html
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i7 V% A6 h% c. w \- ^, {& Z- n% {Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
5 r" U- Y3 A% WThe Canadian Press 0 o# x" Q) s( K" C
Email StoryIM StoryPrintable View.By The Canadian Press% p! f7 ~, K$ F
9 F* e1 o |) d0 ~* u0 s! NOTTAWA - 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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" y. S8 Z i7 P- S: A& TThe 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./ j( I; I# K+ c9 g* B
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.6 G( {1 V5 {: U% O
: J+ B, A- g6 T- z4 HThe 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./ F7 u# t# t, x# J5 @# E) y
5 Z* w8 W4 L4 l) Y" 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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