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http://ca.news.finance.yahoo.com ... drop-next-year.html. [" d6 w" A! p9 O
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM8 e0 r A6 A$ {* D
The Canadian Press % H& q3 c+ q& N, I, E! v" e4 c
Email StoryIM StoryPrintable View.By The Canadian Press2 x/ [; D r1 Y( ^2 ^( h3 ?+ ^
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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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0 p: }/ n1 h" BThe 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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' ?. f- ]4 d" K3 DThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.% l6 w8 R1 F2 @8 m
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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.6 E+ |% A) _+ _' M S1 _. s3 D: F0 ]
/ b5 E8 D& f- A3 E- tThe 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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