 鲜花( 0)  鸡蛋( 0)
|
http://ca.news.finance.yahoo.com ... drop-next-year.html
0 }1 \5 A/ |( n% l" u; [5 F4 e8 Q* D) M
Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
4 }4 V( Y, Z, ~" TThe Canadian Press
3 ~( i3 k& p4 J u. Y- q1 T+ HEmail StoryIM StoryPrintable View.By The Canadian Press1 C+ n5 Y1 P+ r, z( G7 E) M
# j, E7 ^ C g
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.
* u6 }) n1 O3 F! d6 t7 `
, F, i3 a" {9 K5 o( J: S' X1 LThe 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.
) ] [7 j2 {4 [" m( e5 m N) D; y- s5 A
The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
: g3 ]0 e* v/ B3 [1 X1 r/ _0 f; H3 T7 |; i9 N
The first half of this year has been hotter than expected, and the second half will be cooler, the bank says.
7 ^& h" L7 ]* O. w/ ?% d& \/ k1 p+ N! m" v9 G4 n4 C
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.
1 I8 @) E/ B& i! O
: p2 M1 T* O+ E d4 X" CThe bank says prices will drop next year in seven of Canada's 10 provinces, with the three prairie provinces breaking the trend. |
|