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http://ca.news.finance.yahoo.com ... drop-next-year.html" U: S1 ~; X. H* A. L/ ^* o
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM" c6 }4 }; r: \
The Canadian Press 6 O9 X. z4 e* X& Z
Email StoryIM StoryPrintable View.By The Canadian Press
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# B6 K: `/ T7 A0 [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.
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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.
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- n# Q$ n0 h X) T) T( k5 I* VThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.: Z, X. C! j% x7 U0 ^: S
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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.8 y }( X1 X0 Z! b* Q/ x$ [) v
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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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