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http://ca.news.finance.yahoo.com ... drop-next-year.html" K; {3 _) Y. v3 n( T# o
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM1 E; S2 J3 q) G) o5 }
The Canadian Press ( L0 [! s* K' c8 g
Email StoryIM StoryPrintable View.By The Canadian Press
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1 {, g$ v* l9 z1 x& ?$ b1 L) 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 j1 V! a8 \& X& ~. ~; H3 G: j
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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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" |4 Z4 [0 n- Q! MThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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7 z! W, q# ^! @! f. lThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.6 q: g o0 B6 k; m
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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.3 y, p* R7 E; z
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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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