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http://ca.news.finance.yahoo.com ... drop-next-year.html) B: G3 t) Y/ ^% R
7 l1 j# D8 _- R) B1 cHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
+ z) k% w1 R, n5 Y' _( sThe Canadian Press
0 p% E. c2 H7 }4 Q0 G8 z( ZEmail StoryIM StoryPrintable View.By The Canadian Press Z- t$ ~. l7 [. N8 D
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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. f! e7 n# O2 Q
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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.* i" \2 A; d2 R* j/ E7 h) v. i
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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. E, B9 U- Q1 F: V4 b* H# GThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says." j# T( w: G* c1 T' ~
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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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9 I0 C" l+ h. B! E) F$ gThe 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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