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http://ca.news.finance.yahoo.com ... drop-next-year.html
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1 L' o3 Q% u) f) ]Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
+ x% d2 l7 o4 \$ c& F% j) BThe Canadian Press 3 x0 t" J7 r7 E
Email StoryIM StoryPrintable View.By The Canadian Press
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" d& A. |4 e4 u4 P7 J7 @; tOTTAWA - 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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1 V6 j+ v; o LThe 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.: E7 S) S" N3 ~+ z& F8 f9 i
/ l, i D3 a9 _0 y, aThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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5 U/ |+ F9 ?! z8 n: xThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.$ h* ~2 A; k( C1 U9 [; w
- L! R+ k- X* P$ ?9 z6 v0 WTD 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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