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http://ca.news.finance.yahoo.com ... drop-next-year.html9 \2 l) m% [; e* i% W
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM: B, t: n1 _2 o4 M; H6 ~0 e! r% i
The Canadian Press
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& I# _* f3 s9 t5 bOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.6 X1 u( J! g; U8 H
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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.
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices." B+ N- A, j7 w: W
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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.8 Z2 z0 O# ?- Y) A7 Y
$ t( b. ?8 w- j. LTD 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.! r- B: Q& Z+ Y" R. a$ F
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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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