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http://ca.news.finance.yahoo.com ... drop-next-year.html& U; T# `3 r" d
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
* Q- m. k; o! ]3 Y/ KThe Canadian Press
+ a5 ?/ H% M. i O) vEmail StoryIM StoryPrintable View.By The Canadian Press; t# h7 @# H) I& j
+ M3 D4 P$ p+ i$ Z' kOTTAWA - 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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+ K- {$ H' I/ p+ f0 hThe 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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, ]1 J2 s: e ]/ l" ^The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.' e& l% z# G% E6 s/ S5 V+ p$ _
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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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; w8 d6 z0 a: b$ N4 ^7 @) oTD 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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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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