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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" ^+ a2 _; ^" A: b1 q
The Canadian Press
+ @/ X9 x* `( J# M7 n1 qEmail StoryIM StoryPrintable View.By The Canadian Press
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# X8 Z2 q/ `* O$ E9 d( K5 F: iOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.5 e- a) H5 T; x2 ], s
1 {/ Q0 @/ Z5 y i! L' eThe 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.0 D! T& X) `, `) u+ ]- d
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.% e% x6 ^8 |, K2 x8 {
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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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7 S# i3 Z J8 M8 P. Z* 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.. n6 g! Z' Z# T# i+ p& }- E, S
6 c; x. Z" {( j( I- G8 KThe 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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