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http://ca.news.finance.yahoo.com ... drop-next-year.html" \7 a+ b7 m/ R9 R
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
2 A9 `2 x8 z% A) u: A9 qThe Canadian Press
" Y' L5 [8 }8 k) g uEmail StoryIM StoryPrintable View.By The Canadian Press$ ~7 O( e7 O& o8 y- G- K8 \
F; |- I# } o/ f+ l7 v0 eOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.; b6 u& i" \; R- E. ]' h
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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.* q0 {: ]1 \+ ?" J" ~ W! D
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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.
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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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