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http://ca.news.finance.yahoo.com ... drop-next-year.html. m: h% E9 t2 D' y4 U$ p, P
8 `+ e/ }) l4 G r/ V+ N! ^Hot housing market to cool, prices will drop next year, TD Bank saysWed May 5, 10:18 AM \* z; I8 e, W9 H
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.! ~5 Z3 f* R/ R; k! |# _( c
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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.' [5 ?- d' r- t+ V2 |6 K5 D4 f
; m6 e% T- K1 h. C1 t; yThe bank says with home construction stronger than expected, the added supply will soon begin affecting prices.% F2 N% v- e) A
. _3 }3 u; m( @3 A6 @9 VThe first half of this year has been hotter than expected, and the second half will be cooler, the bank says.; e$ v4 l. |$ b' i7 s+ R
, a* r m7 b: ^/ q9 J# Z5 ~1 yTD 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.* L& s2 X4 H1 a) y0 O0 _0 B* S% r3 X: S
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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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