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http://ca.news.finance.yahoo.com ... drop-next-year.html( v- x+ G* r8 A" D6 m
' J- f9 Z0 q8 Y' {, EHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
* Y: A4 f( B' XThe Canadian Press
; W& R. ?* n8 A' zEmail StoryIM StoryPrintable View.By The Canadian Press6 _: d/ h" C: z
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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.8 J. I8 h* @( C; N; ]
: E$ b1 ~2 U7 u/ P2 [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.% O9 i9 T3 N* x' e# y
# A0 O7 @8 Y$ G ^" L7 a# sThe 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.
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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. L) c, N' A) X2 ]5 R
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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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