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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* q! [7 h5 O3 P, `2 d
The Canadian Press
9 o( D+ Y& I, J' Z8 NEmail StoryIM StoryPrintable View.By The Canadian Press
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, l5 h# e5 [" g! e; U& QOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too." D9 V# ~. N0 [, s% M1 u. q, k
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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./ S" R9 @6 G$ B( N# c
+ z( O) i- r: N1 ]+ xThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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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.) s& W8 E. }' a5 k7 Z% ^
+ h7 Q* P( I- b T5 U, X$ B/ @5 _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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