Real Estate

REAL ESTATE SCENE
strong economy

ensures investment

CONTINUED STRENGTH
and growth of the nation’s
economy ensure that Canada
will remain a preferred na-
tion for domestic and
foreign investment, said
George J. Cormack, presi-
dent and chief executive of-
ficer, Royal LePage Limited.

““A stable and democratic
government, a growing pop-
ulation and indigenous
strengths, including abun-
dant natura! resources,
combine to provide a wealth
of business and employment
opportunities. Canada
stands very much at the
forefront among the lead-
ers,’’ stressed Cormack in a
feature article in the 1988
Royal LePage Market

idential and commercial real
estate scene.

According to Cormack,
diversity isa major strength
of the Canadian economy
and, concurrently, a prime
attraction to investors. Data
generated from Statistics
Canada reveals that growth
in consumer spending is be-
ing supported by large gains
in labor income, commodity
prices have strenthened, and
demand for Canadian pro-
ducts is leading to increased
business spending.

In additon, said Cormack,
Canada’s storehouse of
resources, particularly its
real estate, are viewed as at-
tractive and value priced by
investors from around the
world.

buildings, retail complexes
and industrial facilities are
available at prices which are
sometimes substantially
Jower than those found in so
many other industrialized
nations.
**Concurrently, they believe
the appreciation potential
for Canadian real estate is
most likely to be prog-
ressively increasing and cx-
pansive,’’ he commented.
Cormack noted that the
Overall trend line for real
estate growth is upward,
reflecting a generally positive
economic environment.
While economic expansion
in the second half of 1987
slowed compared with the
first half, and rising interest
rates introduced some
cautiousness in the market,

$175,000
3

CITY WATER MTN. VIEW
BUILDERS: zoned RM3, put up a
duplex on this 40’x125’ NOW or HOLD
for future apt. development. Good
rentable home on this excellent
location. BRING OFFERS, ESTATE
SALE MUST BE SOLD.

1809 EAST GEORGIA

8,900
WEST 68,900

AMBLESIDE — 1 BEDROOM SUITE. Beautiful
outiook * Indoor outdoor pools, sauna © party rm.
& games rm. Extremely well maintained. Don't
miss the open — it's priced to sell!

#411-1425 ESQUIMALT

$114,000
WEST VANCOUVER

Survey. The survey is a
AMBLESIDE — 2 BEDROOM SUITE Top floor
Suite * View al water ¢ Vaulted ceiling « Very
bright *Close to shopping, dining &
entertainment with Ambleside Park, beach and
seawalk only a few steps away. Call for more
deiaits. i
ALEXANDRA STEELE 985-5998
GHOREA ORPHAN 922-1048

#409-1363 CLYDE
$230,000
CHILLIWACK — COMMERCIAL/OFFICES

SUPER INVESTMENT » & offices * 6 stores © Excellent location close ta new Save-On-Foods store.
Lots of potential. Call for details.

comprehensive analysis and “Foreign investors realize the investment mood re-
forecast of the Canadian res- that our housing, office mains conducive.

Discuss renovations with agent

kitchen, you may not be able similar homes, the features
to automatically add the full of your own home and the
tions that have been made, cost on to the selling price of agent’s evaluation, it should
and true value they add to your home. be easy to determine fair
your home. If you have After you have looked at market value.

recently added a pool or conditions in the general (Courtesy Royal LePage
renovated a bathroom or market, the selling prices of Real Estate: Services)

From page 57

BUILDING
YOUR OWN HOME?

Start with
a wonderful
location.

a 10 beautiful lots
for sale

a Magnificent
views

a Fully serviced
Priced from

a $120,000

BRAND NEW RANCH ER WEST VANCOUVER

Spacious 2800 sq.ft. rancher on large level corner lot in Upper Caulfeild. This contemporary design
by architect Terry Fogle features unique courtyard entry, sunken living room, gourmet kitchen with
laundry room and a den for dad. Now is the time ta meet with the architect to personalize this home
the way you want it — cali now: for details. :

BRENT FRANCIS 925-1111 BOB SMITH 922-0060

PHASE II

Take Caulfield Woodgreen Exit
off Upper Levels, follow West-
port Road, turn right on
Northwood Drive.

Fore detailed information and-
"site plan call Brent Francis or
* Bob Smith, Sutton Group,
‘West Coast Realty, 925-1111.

A DEVELOPMENT BY
BRITISH PACIFIC PROPERTIES LIMITED

FAMILY HOME _ SMASHING HOWE SOUND VIEW

New 4 bedroom home to be built on large view tot in Cypress Ridge. Give yourself the necessary

time to sell your existing home while this home is being built. This contemporary design features

4000 sq.ft. of living area, southern exposure and lots of deck space. For more information, call now.
BRENT FRANCIS, 925-1111 | BOB SMITH 922-0060

DECEIVING ELEGANCE & QUALITY
Inside this hidden gem you will find 20 ft. vaulted

and beamed ceilings, dramatic use of mirrors and

CANYON HEIGHTS RANCHER

ON PRETTY, PRIVATE LOT
Nicely maintained 4 bedroom rancher on very
Hi large lot. Possible subdivision potential. Cozy
mm family room with fireplace off kitchen. Master
4 bedroom has ensuite and looks onto pretty

private patio, $174,900. 980 Canyon Bivd.
F BRENT FRANCIS 925-1111
B0B SMITH 922. 0080

open room styling. 3 bedrooms, hardwood floors,
lots of extras including heated driveway, alarm
system and private entertainmentidisco room.
This fantastic home is situated in a private cul-
de-sac on a huge treed lot with some view. 6
southern exposed decks, the list goes on and on.
You have to see inside this gorgeous home.
Asking $345,000. To view call
TRACIE McTAVISH 263-1433