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http://ca.news.finance.yahoo.com ... drop-next-year.html
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- `4 M+ h+ \: t6 w# e$ MHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM' o a1 v. Q' A& Q( p
The Canadian Press
# z( U$ r$ H$ jEmail StoryIM StoryPrintable View.By The Canadian Press( l2 F3 m, Y0 h! N/ T8 u" v2 V
- x9 ~) p: B Y9 f- P+ i! xOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.# j* O4 M0 Z- u7 F+ C/ [4 }" C, V
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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.
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' p3 ?. ]+ T8 D: rThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.+ S3 C. g7 @* B+ @
$ N% a% ]; i0 Y- o S: [The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.3 k4 R( u8 `& |" X# V) x0 f7 O8 n
& e, s v# d8 H' V' R* x: @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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