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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 AM5 x/ U* u" D# k" q& @
The Canadian Press + J$ C& V: U U, f% [5 s. o. k2 J
Email StoryIM StoryPrintable View.By The Canadian Press$ c& V/ `0 r6 r" ~1 i) a7 U- m
' U$ O: z$ }, m/ \- MOTTAWA - 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.
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The 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.$ V# R7 Z% m; Z
! G& n: J" z/ U# ^5 b1 O+ {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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- b7 u1 K! H8 X- SThe 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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