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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 AM0 A% ^- v% ^* B' n" ]' F
The Canadian Press 7 ~- d4 B9 F4 h0 h& j( {
Email StoryIM StoryPrintable View.By The Canadian Press
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; ~, x* L' l* X: Q6 v& m% POTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.* y! p/ v6 p0 i0 Z
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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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: y' j1 I" e yThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices." I l+ |& s) G: a, {# D* c7 D
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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.; z7 ]2 x+ o8 i
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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.' z3 s: a) l+ t. U W% o- W
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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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