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http://ca.news.finance.yahoo.com ... drop-next-year.html1 ^! l4 g5 W2 K$ i# A& B
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM% a9 G- L* n) ?& j% \ x( @
The Canadian Press + g& ]& ^+ \8 t5 |$ h
Email 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.
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1 q: o! K) \1 p$ TThe 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.: Y- z; J. ]! ]1 I/ H6 i) `% k# o: ?
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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.6 R3 }; J& c- ^. P9 d. K4 q
; M5 d6 L- _& ] O/ `8 d' STD 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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