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NEWS photo Cindy Goodman

CHRISTINA GALBRAITH and her mom Gail take a pony ride on

Easter Sunday at Maplewood Farms.

Quality Craftsmanship
beyond comparison

5 top of the line appliances
marble entrances
insuite laundry.
gas fireplace with marbie
surround
secured underground parking
European styled kitchens
skylights available
prewired alarm system
private patios
rooftop patios
extensive landscaping
walking distance to shops
.& schools

Conveniently located

BEE Pa ou

1702 C

1&2 Bedrooms from
670 to 988 sq.ft.

zi fee ests

stert

Open daily from 10 a.m. to

Friday, April 16, 1993 ~ Nort

PrTRR TS OEE

continue to climb

ALTHOUGH THE Van-
couver housing market has
been slower this year than
fast, housing prices have
continued to climb. relent-
lessly,

According te the spring
1993 issue of the Royal
LePage Survey of Canadian
House Prices, the | selling
price of homes on the
Lower Mainland are run-
ning 10% to 20% higher
than a year ago.

The price increases
reported in’ British Colum-
bia are the highest in
Canada.

“Affordability is becom-
ing more of an issue," said
Royal LePage vice president

Larry Ferster, “She market
is stower for more expensive
Properties in many areas.

“The strongest: demand,’
added Ferster, ‘tis for
well-priced homes in the af-
fordable price ranges, which
continue to sell quickly.
Fewer first-time buyers are
presendy in the market, due
tO government home pur-
chase incentive programs
initiated in 1992."

The Royal LePage survey
indicates the median price
of a three-bedroom bunga-
low in the Vancotver area is
currently $242,000, up over
16% from a year ago.

The price incr:
condominiums has
even higher.

been

The median price of a
standard two-bedroom
condominium apartment
now stands at $137,500, up
19.6% from April 1992,

Ferster, added there are
signs the condominium
market may be peaking:
“There has been a Jot of
pre-selling in the past year
and we may have reached
the point in certain areas
where the market is getting
over-stacked,"*

In compurison, the in-
creases in more expensive
homes have been more
moderate. A four-bedroom
executive home has increas-
ed an average of 11.6% to
$288,000 in the past year.

NEWS readers
are home buyers

Every Friday, over 100,000 readers receive the
North Shore News Hornes section. 65% of
North Shore residents own their homes.

it works for real estate ...

Cali Rick Anderson
to advertise 985-6982

e

5 p.m.

For more details call

SIAVOUSH SHAYEGAN

Site: 986-3789
Res:983-3513
Fax: 985-4136