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http://ca.news.finance.yahoo.com ... drop-next-year.html
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# k5 }) Z- u: {6 r4 vHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
' a1 D9 A$ A$ F5 d* I eThe Canadian Press 3 k) Q5 m4 Q/ X% ]" M+ ^
Email StoryIM StoryPrintable View.By The Canadian Press7 o U' c. Y* V# o/ T. e7 M3 _
1 p. H8 L" H. t( I7 E! V/ c/ UOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too., }) ~; z8 W2 L( T8 Y
+ s4 ^* V2 P7 V- l. PThe 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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8 \- u: D; t: y7 n. Y; ZThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.3 e/ o2 x7 G6 x; y& G
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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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( I2 r% v3 z) u# gThe 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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