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Memorial Park, West Vancouver, B.C., 1925.

The War Memorial

AS REMEMBRANCE Day
draws close we are remind-
ed of the servicemen who
died fighting in wars for
our country.

This heritage structure in West
Vancouver is a significant monu-
ment to honor those who gave
their lives.

It was erected by the citizens of
West Vancouver through public

NORTH SHORE
HERITAGE

by Dorothy Foster

subscription and was laid by The
Grand Lodge A.E. and A.M., on
May 30, 1925.

It was built to honor those who
died in the First World War, and

through a tater dedication to those
from the Second World War, and
then the Korean War.

The Governor General of
Canada, Baron Byng of Vimy, of-
ficially unveiled and dedicated this
monument on July 5, 1925, and it
stands in the beautifully land-
scaped setting of the Memorial
Gardens on Marine Drive, directly
across from the West Vancouver
Memorial Library.

Strong sales could break record

DEMAND FOR residential
housing so far this year has
pushed sales well ahead of
the corresponding. period in
1989, the year all previous
sales totals were eclipsed.

By the end of September this year
total sales of residential housing
through the Greater Vancouver
Board’s Multiple ‘Listing Service
reached 29,879 units, 18% higher
than the 25,236 sales in 1989 and
11% above the 26,802 sales expe-
rienced in the first nine months
last year. The traditional summer
time decrease in activity wasn’t
felt this year, and all signs point
towards a record-breaking year
for real estate sales in Greater
Vancouver.

The simplistic average price per

unit shows a 10% increase, mov-
ing from $221,700 last year to
$244,400 this year.

Medians, or the middle level,
where haif the sales are below and
half above, show only minimal
changes in the third quarter over
previous quarters this year and
last. Satnam Sidhu, president of
the 9,000-member Real Estate
Board of Greater Vancouver, says
the median report issued quarterly
by the board reflects a more accu-
tate picture of the marketplace
than focusing on average prices
which can be skewed by extra
sales in either the high or the low
ranges.

In reviewing third quarter
Statistics computed by
geographical area, Sidhu noted
that sales rose significantly in
some areas where there has been
increased construction activity.
The GVRD reports Burnaby, Co-
quitlam, Richmond and Delta as
areas where most residential build-

ing took place. Burnaby, Rich-
mond, Coquitlam and Van-
couver’s East Side showed the
highest increases in single family
sales over the comparable quarter
last year, and condominium sales
more than tripled in South Delta.
A year ago there were 450 single
family sales in Burnaby and this
year, the newly chartered City of

Burnaby, chalked up 566 sales in
the same quarter. Richmond’s
sales rose from 476 detached
homes last year to 768 this year,
while Coquitlam saw sales rise
from 413 to $99,

Vancouver’s East Side —- tradi-
tionally the highest sales area, rose

See Buyers page 24

- ~e

Friday, Nov. 6, 1992 —- North Shore News — 19

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2390 East Hastings
Gust over 2nd Narrows Bridge)
*corner of Hastings & Nanaimo

turn right at Hastings

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Fridays 9-9 Sun, closed sau

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