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http://ca.news.finance.yahoo.com ... drop-next-year.html, J6 s# h! t7 x# q! R
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
- H7 d& t" j2 `5 w: q* ~6 SThe Canadian Press
* j9 k1 i1 G# FEmail StoryIM StoryPrintable View.By The Canadian Press
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, Y! k2 @; ` n! T8 Z4 X9 m; E* GOTTAWA - 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$ S5 p/ t! _6 |
f; W- a7 m J9 YThe 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.- K) s% P P) B) B2 k0 r( Z
9 d6 i8 t# j5 h3 n( DThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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5 d- P- D$ l: ~4 u" k/ U5 HThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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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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