 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html, r" D H4 c- Z) P! G
# X) n3 s$ ~- J# M
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
. K- U0 j, f5 N6 G" T$ @
' 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.
8 k" P- |6 e7 B( N) G% J5 e1 z9 A$ |" [3 t( `( o0 p* _
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.
. U ?: K+ L' F1 o0 r
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.
) m* W% E: |, v- `7 ?# {. h7 f/ E0 a
The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
. d0 B# |- E, v* o# k C# q6 N' b
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
! a2 {% `+ E' x1 `, t
The bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|