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http://ca.news.finance.yahoo.com ... drop-next-year.html7 \6 W$ L3 o( d5 r
0 R9 J0 l0 u: d) W- q4 KHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM3 F8 X/ U/ Y; j8 W/ D8 `
The Canadian Press
4 c$ Q" g" q- v5 AEmail StoryIM StoryPrintable View.By The Canadian Press
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7 ^& S* y T) f/ r& Q" J 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.% h8 n8 ]" J4 {3 T& B5 x1 A1 U/ H
$ M8 C( k6 \6 ~ IThe 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.: A* i: o; c/ W
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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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9 v3 u/ z! \# I1 E) I o5 F$ KThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.; w% U" [6 P! Z4 ^1 x
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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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# b) {" J7 @" B, X5 ~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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