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http://ca.news.finance.yahoo.com ... drop-next-year.html! J& {+ r1 F: ]6 U/ T
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM$ q5 Q; q9 i" ?5 S- X
The Canadian Press : k3 h4 \3 P R1 P- w* T
Email StoryIM StoryPrintable View.By The Canadian Press0 D3 W+ V+ ^" T6 u
' m( l* K, J$ i, p0 r% l. ~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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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.
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3 y* I2 _5 \1 m. mThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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5 _# G$ [* q* D; dTD 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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$ H; H: C9 {7 X7 l3 YThe 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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