Report predicts
growth in 1997

HOUSING starts and resale activity will be
up this year and in 1997 because of current
housing market momentum, reports Canada
Mortgage and Housing Corporation (CMHC)
in the most recent National Housing Outlook
(NHO) report.

Total housing starts are forecast to reach 123,000 units
this year. Single-detached starts will increase 23% to
79,100 units while multiple starts will dectine by six per-
cent to 43,900. Total starts are forecast to increase further
in 1997, to 132,700 units. Both single and multiple unit
construction are “expected to inerease next year,

“The current recovery rests on affordability and tighter
supply,” said CMHC economist Gilles Proulx. “This
augurs well fur the later years of the 1990s, especially when
demographic trends alone suggest higher demand for
housing.”

In British Columbia, new construction is expected to be
slightiy lower this year at 26,750 units, due to a drop in
multiples. In 1997, total starts should increase to 29,100,
with higher levels of construction for both types of units.

Ona regional basis, Ontario starts will rise 18% to
42,300 units this year with an additional advance to
45,000 units in 1997, The forecast increase is mainly from
single- detached construction. Multiple units will still
decline this year before recording a moderate increase in
1997,

New construction in Quebec is expected to be up more
than 10% in both 1996 and 1997. Total construction
should reach 24,300 units this year and 27,500 next year

: pase eS supported by rising affordability, higher existing home
NEWS photo Mike Wakeflold sales and improving economic conditions.
The Prairie provinces are expected to have more active

Blade runner housing markets. The region, especially the resource sec-

tors in Alberta and Saskatchewan, enjoy a steady economic
CAPILANO Elementary teacher Leslie Gatenby (left) races after Grade 6 student Russell Freenstra during a recovery supporting higher home sales and prices, and
Statf vs. Student All-Star game at the North Vancouver school. Gatenby scored a beautiful goal in the dying more new construction.
seconds to give the teachers a 3-2 victory.

SUSSEX EEN TER G at al | SUSSEX

REALTY ae fey vie ee eee REALTY

NEW PRICE! This bright and cheery d deluxe two bedroom in one of lower
ERreEe 1 j Lonsdales best buildings. This unit features an open kitchen,
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erty with lane, view of Grouse Mountain in a great location close to everything. A chance for the 1st sliders (lots of light). The two bedrooms are at opposite ends
timers, or investors/developer. Calf Norm Lum 984-9711. 414 £. 13TH ST. J and even a beautiful place to tive! Call me for ail the great ©

ist!
Hon SOLD Home details
This is fiving, 3
bdrms,

VERY AFFORDABLE PRICE!

Great value! This one bedroom condo is very clean and ready for a new
owner. Featuring over 620 sq. feet of comfortable living space with large
| rooms, and large ground floor patio stretching the full tength of the suite. ; ! eae
Get inside and you will agree this centrally located condo is very close # ie ae il ; With interest rates this low and ¢ a zero vacancy rate why

I to everything. The building has also had many updates done to it! RED ~ rent? This great one hedroom has a view of the city and a
HOT VALUE! MLS Call Ken Spong 984-9711. : nice big open layout. Very easy to arrange viewings so give

#106-1033 St. Georges Ave. $89,900 & me a call for more details.

IMMACULATE 1 BDRM SUITE : 7 1) ONE BEDROOM, top floor, with city
WITH A CITY VIEW aaa | view in Central Lonsdale for $112,009.

Just move in! This 1 bdrm West facing suite features: marble entry, gas I A great buy!
i ‘i . ite laundry. Other features are fullsize /
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appliances, and aver 700 sq.ft. of living space nicely decorated with cus- .
tom blinds and extensive use of tiling. To top this off a West facing balcony af ; redone in Cap College area for only

with glass railing to enjoy the sunsets. MLS, Call Ken Spong 984-9711 . ri” $138,000 - call me!!
#202-175 W. 4th St. $149,000

Sussex Group - 5.R.C. Realty Corporation i Sussex Group ~ S.R.C. Realty Corporation
North Vancouver Office 984-9711 _ North Von 984-9711