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http://ca.news.finance.yahoo.com ... drop-next-year.html y- F, ?8 A; ^2 z
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM" S7 z, h+ C$ x% G5 Y
The Canadian Press
9 M& P, ]4 E FEmail StoryIM StoryPrintable View.By The Canadian Press7 e& A; K9 D6 P) Q: M
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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.+ M. a4 U+ c! B+ p6 P/ a0 c
7 O* y) o" Q# Z2 t: FThe 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.7 C" z6 o+ \9 j' g; ]
% `% [8 x4 ^4 O" b6 ?The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.! @8 o! l5 o2 F
, Q7 h" B n* 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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6 Y ^' B, z! V: xTD 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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