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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
% B4 B4 X8 U- vThe Canadian Press * _7 t2 J s% o
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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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.5 L& Z! w% Y+ \1 s& h: v! O
$ o( l1 t# N: qThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.2 X5 |) @. W& y8 w
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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.
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$ u4 z- `2 d" f9 TTD 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.5 \9 J8 F( K% M/ n" E% {5 b
* f' ?% ]. l" B7 c$ M1 @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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