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http://ca.news.finance.yahoo.com ... drop-next-year.html0 G* D) o: N; P/ e
; v7 A/ n- m- k" rHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM2 C! }# h. h8 |0 f0 D, X
The Canadian Press / g4 F5 M- k4 ~2 F
Email StoryIM StoryPrintable View.By The Canadian Press& ?- n; L0 E3 u: b, B
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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.9 R/ h1 s9 q/ F
6 y I3 F- [& _+ w# qThe 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 a1 j A: _6 I2 f6 I$ }% \
; X4 j0 {/ k* R% D+ wThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.6 L5 Q0 o% ]- F% T0 n" m
A& Q3 f J' }2 L- rThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
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$ [( _7 ]8 b& I5 b& X x4 O2 E8 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.& K1 e7 G) ^5 v: x
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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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