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http://ca.news.finance.yahoo.com ... drop-next-year.html# Y& a0 Q0 r# {8 I- O) E& L
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
\$ a) M* ^3 O# T2 j! a7 f- ^The Canadian Press ! A( R" {+ W; i- X3 b9 m8 z
Email StoryIM StoryPrintable View.By The Canadian Press3 g6 U$ r) V x, S8 c. x" X' U/ d
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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.1 a! `. f$ g! \6 Y
% J) Z F( B s 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.5 _# y3 }$ c: t' ]
8 S0 K8 Z/ g- T, dThe 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.. I! D( ~+ V& h/ n0 ` [
* @9 C/ ^! [# p( ZTD 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.7 g0 ~' A, G0 y7 ~
" X: C; }; [. Y; ]* [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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