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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
. O' V( p3 H# MThe Canadian Press $ A/ \: G# s, G% g
Email StoryIM StoryPrintable View.By The Canadian Press
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1 c6 E7 z, T# C' XOTTAWA - 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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0 j) T x5 r5 Z' m4 Y% G6 _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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! F% m( c+ e9 }# W4 H4 n2 S$ F* nTD 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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! C+ R& B7 l/ v6 ?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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