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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
3 A, R2 G6 V- ~* c2 a+ gThe Canadian Press 8 t J& k7 a: s" Y3 f T
Email StoryIM StoryPrintable View.By The Canadian Press
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9 u. Q! }' e. A( ?# c5 H9 v' |6 _8 zOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.8 ~/ W5 N; \$ v! m! u# N, r, w) r
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The 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.4 K* L3 b' i' j- U+ e0 @$ p9 X
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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.3 c9 ^% ^9 J# R
; `+ G- u, T C, m& F, h% F# ETD 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.9 u$ p# k& I) O8 n( ~3 u% y
' K5 l% C" n7 a1 D/ X* H& eThe 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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