822 - Friday, September 14, 1984 - North Shore News The Canadian mortgage market FOLLOWING ELECTION Demand brings down rates DEMAND FOR mor- (gage funds continues to be restrained despite decreases of one half to one per cent in mor- tgage rates, according to the latest Canadian Mortgage Market Bulletin. However, all major centres across the country expect an upsurge in activity now the federal election has taken piace and the traditionally ac- tive fall season has begun. Combimed with = stabilized mortgage rates ‘‘the fall looks very good for mortgage demand,”* says Don Hewitt, A.E. LePage’s residential mortgage spokesman. The decline in rates for three to five-year mortgages partly is the result of significantly reduced demand for long-term money, says Hewitt. “*Borrowers largely are op- ting for one to three-year terms,”* says Hewitt. Conseguentiy, morigage lenders have reduced three to five-year rates up to a full percentage point in the past month in an attempt to at- tract borrowers. Competition between the banks and trust companies also has intensified recently, says Hewitt. According to the LePage spokesman, the trust companies are attempting to regain market share lost earlier this year when banks OPEN SUN. 3-5 YOUNG & BEAUTIFUL — LIONS BAY began offering tgage rates. Trust companies currently e offering mortgage rates at fair a percentage point lower than the banks. In addition, bell realt 400 BAYVIEW PL. Shipdeck floors, cazy tarnily room oft dream kit chen, sep dining, targe tot w/gorgeous ocean view Reduced to $145,000. 125% mige DEIRDRE O'NEILL 921-9256 BILL CORDS 826-5149 t matwtenance of $30 maculate tots of storage last DEIRDRE O'NEILL 921-9256 RESIDENT SPECIALIST Py 4 bedrooms stanrcase sunny private tot The Gea ar, i red REDUCED $81,500 404 CROSSCREEK AD. ft adutlous multilevel 3° bdrm prtvate yard Pets weicome Near beach | ow mntmum 1'4 Daths “hg SUPERIOR TO THE OPEN SUN 1-2:30 1790 MEDWIN Pemnsudte! excelent layenst gis, farmiiby coger Off thre bate tre hse COM, SUDV MOLGAT 925.2343 ALAN BESSEY 825 1707 townhouse Residential CITY TERMS AND CONDITIONS ADDS DEMAND VANCOUVER 1,2, 3.4 5 years good fair VICTORIA 1,2, 3,4 5 years good fair CALGARY 13Y%. - 14% 1,2,.3.4, 5 years good fair EDMONTON 134 - 14V. 1,2, 3.4, 5 vears fair fair SASKATOON 13% - 14%. 1,2, 3, 4, 5 years excellent good REGINA 13. - 14% 1,2, 3,4, 5 years excellent good WINNIPEG 1, 2,3, 4, 5 years good good WINDSOR 13-14 1, 2, 3. 4, 5 years good good KITCHENER 13-14 1, 2, 3, 4, 5 years good good LONDON 13% - 14 1, 2, 3, 4, 5 years excellent fair HAMILTON 13% - 14% 1, 2, 3, 4, 5 years good good TORONTO 13-14 1, 2, 3, 4, 5 years good tair OTTAWA 13% - 14s 1, 2, 3, 4, 5 years good good MONTREAL 13-14% 1, 2, 3, 4, 5 years good fair QUEBEC CITY 13 - 14% 1,2, 3.4. 5 years good fair MONCTON 1, 2, 3, 5 years excellent fair SAINT JOHN, N.8. 1, 2. 3.5 years excellent tair HALIFAX 1,2.3.5 years excellent fair ST. JOHNS, NFLD. 1,2, 3.4, 5 years good good NHA (C.M.H.C.) OR M.I.C.C. lower REST mor- “ “BRITISH PROPERTIES” HOUSE LOANS RENTAL - APT. & TOWNHOUSE CONDO. - APT. & TOWNHOUSE 13%, - 14%4% trust companies also now are more willing to set mortgage rates 60 days prior to mor- tgage closing. In recent mon- ths, only banks were making 60-day commitments and 605 KING GEORGES WAY Fantastic Beautiful rancher private grounds, 4 bdrms baths plus large tam room off kitch This one must be seen! Asking $2705 BROCK SMEATON 926-3554 or 926-7831 a Se m prime BRP location 4 toll GETTING STARTED??? Taxes im Or retning if reason enough to Duy Tis 4 bdrm Itowont Norgate rancher Prioee reduced ta $99 O00 with $76 OOO assumatble foaming 1H. West 15th Street Open Sun 2 4 pom ROBERT JENNINGS 921.8508 tree moet pt yeee yews al thes OPEN SUN 3-5 3971 RUBY $134,800 SURPRISE INSIDE Ly Oy SY Cee 2 Does dtc neare ‘hee my s, +s prert JUDY MOLGAT 825 2343 ALAN BESSEY 925 1707 13Vs - 144% their mortgage business in- creased significantly as result, says Hewitt. The Canadian Mortgage Market Bulletin is based on information large fam a ay from A.E. residential and LePage’s commercial managers across the country who are in daily contact with the Canadian money market. A.E. LePage Limited, Super gatage ~ “SPECTACULAR VIEW PRIME BRITISH PROPERTIES Executive residence oftering 3 of 4 bd¥ms . room off kitch | formal din overlooking the wew, plus bright atry kitch and much more Asking low 200's Woodc roft classy ? bdrm apt Whytectitt Bidg Vo4ity theese Gorgeous unobsitucted mate view All facittties tocated i lower levels of PAUL ISA BROCK SMEATON 926-3554 1ST OPEN SUN 2-4 #1305 2004 FULLERTON NEW LISTING this bidg $81 500 Vendor withog to trade above: apt tor Norgate Rancher tor turthen intor Mahon JACKIE ADANAC 987-0417 POOL Koya ys A otoes de hy OR Please call ee Svat es woes Ny a te fared, tow ane ae me t PERLE: a OPEN SUN 2-4 4580 MARINEVIEW ~ SUNSHINE — SPACE room FABU revert sgh wt hoeer re eS eC Ce TD OD JUDY MOLGAT 925 2343 ALAN BESSEY 925.1707 nodes! woe. f coptee OS ee 926-7831 traditional matenais. 3 bdrm, 2'’2 bath, huge studio for weaving, plano, etc Double LOUS NEW CONTEMPORARY Teak Of New Bluendge woe Aw IE Aaa t 13s - 144%4% Canada’s leading diversified rea} estate services organiza- tion, employs more than §,600 people in approximate- ly 200 offices in Canada, the United States and elsewhere. 180’S First class 1 ACRE Stupendous view Private 4,000 sq ft Below highway Unique S00's PAT HAVERUK 922-2429 ey bod IMMACULATE HOME FINE NEIGHBOURHOOD 3872 Calder Ave bathrooms large family room Private & surny property with a mice city view Open by appt all wknd Now $154 900 MARK CHERNOFF 921-8102/926-7831 This home offers 4 bdrms . meer VIEW thereat tial fae od foercdrcocoetys, areas tee per deen ge Tatty Vevrnigy Ufoesr tatrytirtie sad JUOY MOLGAT 925 2343 ALAN BESSEY 925 1707