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http://ca.news.finance.yahoo.com ... drop-next-year.html
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM7 A9 j; r& S" {- \
The Canadian Press 6 E' S/ h/ X# \) y. s2 h
Email StoryIM StoryPrintable View.By The Canadian Press. b7 O+ m* ^1 g
; Y, e; B/ {5 @" K' f4 pOTTAWA - The TD Bank says home sales will be significantly lower in the second half of this year and next — and prices are dropping too.# C, Y! v4 s+ @, ^. Q/ Z
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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.# \6 |& G5 `, P$ e! o7 A
2 I9 g1 K. H2 [! y- ]% KThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices., i2 }# W4 F6 Y4 O
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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.6 b8 h2 ~; `! K0 _8 E- z X7 H0 ]
* N* { N; w, ZTD 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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