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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 AM% T5 y& o: C& e
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.; v) o9 l' ^- }2 n. X8 b8 K, d- L9 a
+ Q* N! ~. s! a9 B% eThe 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.
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' ~# `( v5 x' m2 S' v) p' LThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says." [4 k$ b/ [/ I. K/ o$ n
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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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: F0 e7 W) U. k6 t% C5 d3 qThe 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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