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http://ca.news.finance.yahoo.com ... drop-next-year.html( }7 k" n; q u: v
- ?/ {+ X$ \; m4 [9 S5 G" hHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
* ^& I9 {2 `6 U( S1 u0 vThe Canadian Press # A( [$ b, X7 K) `. |* s
Email StoryIM StoryPrintable View.By The Canadian Press X9 w+ T& r8 S4 I/ r
5 v0 f3 n' g* }. f8 i- WOTTAWA - 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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- G# F( M1 ?9 A& |% }8 iThe 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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The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.1 a- B0 m% H9 _ z5 u+ O0 P4 d
, \4 q, g; `) a; @. ]3 nTD 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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; e2 F! ?! D3 A, ~# X+ @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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