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http://ca.news.finance.yahoo.com ... drop-next-year.html& Q. D5 Y. H0 G+ W. U# j0 D, O
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM Y+ D9 o9 p1 _8 X; b% @0 O
The Canadian Press ) {* f4 B' u; r
Email StoryIM StoryPrintable View.By The Canadian Press3 d% G! H+ \4 j4 P" A @
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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.0 B1 @* c! C( O! I; |
8 u& n' r* d% w2 S jThe 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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/ p1 F7 r' X$ u0 LThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.! ?. x `. u$ E8 N& w+ ^: Q
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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.
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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.
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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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