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http://ca.news.finance.yahoo.com ... drop-next-year.html2 c4 Q- P' G; z5 p% V
0 ?$ x: w6 G2 \3 d3 g+ iHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM8 i" W$ _9 t* H0 T9 m/ @
The Canadian Press x' x) ]' [: N! L' ^2 z
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.1 w* O H- j% _
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.) q0 s+ O9 O/ g0 W) v2 j
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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.
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' h) v' e* P V) V( j& LThe 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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