IN ITS ‘quarterly Nationai ’
Housing Outlook released
today, Canada Mortgage
and Housing, Corporation

CMHC) forecasts {28.500
dwellings starts for this
year, 17% below the level of
1994,

The outlook. calls fora _
rebound af 11% to 142.500.
housing starts for 1996.

The 1995 oftlook results
from lower construction-of
‘both single-detached (-15%
to 75,800 units) and multi-
ple units (-18% to 53,700
units)! °°

For’ 1996, -: single-
detached ‘construction will -
recover substantially. rising
14%. to 86,400 units while
multiple units construction .
is expected to rise by 6% to
56,1U0 units. :

“Low construction levels
in. 1995 reflect weaker con-
sumer confidence andthe’.
delayed impact of rising’
mortgage rates“on housing
demand.” said. - Leonard
FitzPatrick. °°.) Economist,
Modeling and: Forecasting

“at CMHC's Market Analysis
Centre, ;
“"BitzPatrick added, “A.
build-up of new. unoccupied
units, especially. in British
Columbia, is also- holding
down new construction.”

The Library's convenient:
central Lonsdale Jocation is only.
‘part of:the story. Ciose to
“everything the North Shore
_ has to offer, with easy access
“0 downtown Vancouver only
20. minutes away. no

The Library is one book you can
judge by its cover. Beautifully”
designed inside and out, these
homes, some with fabulous
views, are packed with special

features. It's | no wonder that the

Library is the North Shore's
‘Best Seller:

is

wat §

- LONSDALE

eden

: ocean natal

phe e

_ NEWS photo Mike Wabiatiela

3] Value.”

The final chapter of the Library’ S:
» success story is unbeatable value

These beautiful 2 bedroom
apartments starting from just
$189,900 are now within:
reach with our Super Special
Financial Package.

Don't miss your
chance at the North.

Shore's No.4 ‘Bestseller _
only AT left

The =
Librar'

Visit our Presentation Centre, '

located at 150 W. 8th Street,
North Vancouver.

Open tioon - 5pm daily
(closed Fridays) or call.
Jacqueline Ashworth:

a bows 30 rn gotemmese

_ DEVELOPMENT OF the old Earlybird Lumber site continues. The central Main Street at Mountain Highway jocation. will now be™
“home to Mountainview Village.