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http://ca.news.finance.yahoo.com ... drop-next-year.html
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8 m: E/ t8 i7 C, q0 V# J& H1 n' lHot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM6 [" k1 t( a# A2 K" w
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.
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( e/ i8 M. Y8 v% W8 eThe 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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The 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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1 u* U! @2 z" B! z+ _& i" gTD 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.5 `# X* p' J/ I7 T5 q
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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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