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http://ca.news.finance.yahoo.com ... drop-next-year.html j, h0 S% O/ j" L) m$ q: v
) ^2 s9 V" I( x2 d1 L/ q; G9 |Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
" W F' j4 w+ {4 l, {! x7 LThe Canadian Press
* w- s( P3 S sEmail StoryIM StoryPrintable View.By The Canadian Press6 z1 u- ^" }" c* b* V
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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 ]' F+ S( _; G) P$ O# q
, B0 [% N% }, L; t" RThe 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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S) V- ]: g+ Y+ s9 OThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.2 K4 F& y% Q- f! F0 v) V8 U: V
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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.0 p6 O$ s! L3 P+ j& C, X
1 \3 R% _! t o0 t! L- @) DTD 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.1 b' i1 }" {7 u3 G% o
- }% Z2 A! |/ u% i4 vThe 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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