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http://ca.news.finance.yahoo.com ... drop-next-year.html$ X+ @" F/ h( u0 d* \* }) y
6 m- V3 } E& u' m+ G5 z) xHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
# @) i& ] h5 K/ a" T: Q/ WThe Canadian Press " Y8 G0 N0 E4 i. X* ^, T
Email StoryIM StoryPrintable View.By The Canadian Press
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" g5 J+ c/ Q2 [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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# A9 x; m$ v0 y' a0 a' I; G9 XThe 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.& a+ n/ N7 Z. @
: U, z5 V! Y8 WThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.& ]5 p3 w* O& ]" M7 E) Z
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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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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.
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0 n, p% j% L2 O% {5 fThe 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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