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http://ca.news.finance.yahoo.com ... drop-next-year.html- P. J4 _5 t& i$ a
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Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM
3 G9 ~; I& a& @- w* gThe Canadian Press 1 Q1 y1 k$ V2 \1 ^
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.
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' J4 f0 W6 n/ t9 j0 cThe 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. f. \6 g# a0 ?' ?& n$ a6 |
( G* R8 l1 n3 \1 R$ lThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.+ |: z2 \5 h: v) ~ j( B
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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.: l v( \4 f, b0 J1 M3 q
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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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