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http://ca.news.finance.yahoo.com ... drop-next-year.html
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# K8 W$ | y/ U! QHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM) J' w) a# g- x
The Canadian Press 0 a& Q- p2 g3 Q+ Y6 a
Email StoryIM StoryPrintable View.By The Canadian Press
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0 q5 b8 S' {* Q2 `! `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.- v/ X- w5 _5 w' r, D1 ~1 u6 H6 B
3 P1 S% ^; t3 n& mThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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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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