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http://ca.news.finance.yahoo.com ... drop-next-year.html$ O' q9 S- z' D4 z4 |7 b0 r
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM9 ^; Q) E) d. [4 w! j! D
The Canadian Press 3 c8 d7 ^2 F7 V3 L5 j
Email 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." O* Q3 N4 H4 @- ?
5 A3 c. L. E" U$ uThe 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.: w4 j3 _) {; H( M
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The bank says with home construction stronger than expected, the added supply will soon begin affecting prices.
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* F6 I& |0 [- {0 U! N1 T. h8 j' N/ r; eThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.5 d1 g$ X# J8 m/ f
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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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& f- r; J" J4 z" [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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