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http://ca.news.finance.yahoo.com ... drop-next-year.html J" l: M$ M2 D0 [3 t
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
, y, _3 H ]5 z I8 J+ w& KThe Canadian Press
* E7 w f O- u5 o9 U1 aEmail StoryIM StoryPrintable View.By The Canadian Press
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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.
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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.1 T9 H' u+ r6 U# b8 N4 T0 F
; n3 U; @4 [9 n- M- GThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.- |1 S( w1 \% N( \+ }# A! N
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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.$ ? R( f! k, O5 y. F0 G
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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.+ t$ C( L0 y7 a+ x! t+ _
8 a: y; }0 g6 x, \' ]6 p0 Q! _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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