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http://ca.news.finance.yahoo.com ... drop-next-year.html
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8 D4 m. u) o" GHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
. J- o7 t* Q( A! Q8 e) K2 \The Canadian Press
( B* N; b: p3 cEmail StoryIM StoryPrintable View.By 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.' F% Q$ _" h4 e
; l$ v+ L: t6 \7 S$ E2 D$ @' kThe 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.% D' H# Q3 G/ m
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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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The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.9 i: P$ a& L$ }$ t7 C1 ]% H
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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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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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