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http://ca.news.finance.yahoo.com ... drop-next-year.html
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" _. H& ^* ^: N5 j( vHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
* F9 ?" t4 i. m+ q" hThe Canadian Press
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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.. I8 D. y9 o, }
& {( G3 V. d+ _$ G+ \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.* C2 N( G' C& w4 `. K- I1 [" L2 w0 a
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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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: n2 a$ E, z6 A$ Y# p/ eThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says. j" f2 w. [& j5 F
, I; X2 ^, W& U! Q( mTD 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., G3 s6 \) C$ [* ~" G# U: ^: n: H2 F4 M
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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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