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http://ca.news.finance.yahoo.com ... drop-next-year.html
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8 V9 |& y6 P2 {& V# K% bHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM5 i- W8 ]: t1 f2 p5 @6 x) o+ ~: `
The Canadian Press 0 T* B: o4 P" q. ]9 ]4 k! a) n+ d
Email StoryIM StoryPrintable View.By The Canadian Press
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; x; i. |# D$ y# p1 C+ x3 F# i4 `- L7 EOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.* |3 t' I$ b7 P8 i7 P
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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.2 \6 u, s2 k$ v/ W2 B3 M, M) k
, l/ a4 K, P" D9 _The 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.3 y0 o j, g6 m: d: k8 {2 m
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TD 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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5 d( Q1 K; V) w uThe 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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