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http://ca.news.finance.yahoo.com ... drop-next-year.html, r" D H4 c- Z) P! G
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM4 u' \7 T3 L- K7 s4 B
The Canadian Press
/ d+ p& B* {2 \Email StoryIM StoryPrintable View.By The Canadian Press
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' R" f7 c; Y: q8 z* ROTTAWA - 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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5 b/ S4 M0 y/ ]: ?( h; M% X3 j5 sThe 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.
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3 z2 N: i0 f8 [2 `$ gTD 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." i( @: q- n; F& o8 u9 u
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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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