Executive home sales 60 - Friday, April 7, 1989 - North Shore News Reau Estate are up dramatically STRONG REGIONAL economies continue to sup- port healthy real estate mar- kets across Canada, accord- ing to a new survey of hous- ing prices released by Canada Trust/Realtor. However, the gap between house prices in major urban centres versus smaller com- munities continues to widen. “We've found that Canada’s real estate market has settled into three distinct pricing tiers,’’ explains Jamie Johnston, Canada Trust's national manager of real estate services. Metro Toronto’s long- lived housing boom and Vancouver’s house price resurgence place them alone at the top tier of residential real estate prices. “The latest figures for March show this three-tiered trend is increasingly pro- THE GREATER Van- couver Home Builders’ Association will be pr s- enting a forum for new home buyers on April 13 at the Villa Sheraton in Bur- naby in conjuction with New Homes Month. The forum is an opportu- nity for prospective home purchasers to take a com- prehensive look at making a new home purchase. A panel novnaced,’’ Johnston says. For example, the price of a typical 1,300 square foot detached home in Metro Toronto averaged $318,000 this month, up more than 12 per cent over the average of $282,000 just four months ago. “That’s a dramatic dif- ference from the kind of in- creases we saw in second-tier markets like Ottawa, Mon- treal and Calgary,’’ Johnston explains. ‘*In some neighborhoods in these cit- ies, it took a year to see a 12 per cent gain on this type of property.’’ Canada Trust’s Home Price Survey reports March prices for a comparable home in second-tier markets at between $120,000 to more than $160,000. One reason for the in- creased activity this year has uyers get help of five knowledgeable in- dustry speakers will cover topics including mortgage, jmsurance, warranty, con- struction, sales and Jegal issues. Following the forum there will be a question period and brochures will be provided for further information. To register, contact the GVHEA office at 584-5515. The cost is $20 per couple. been that many buyers have tried to beat the anticipated increase in mortgage lending rates that is now material- izing, claims Canada ‘Trust/Realtor. “Though we are now starting to see a rise in mor- tgage rates, the market has built a lot of momentum,”’ Johnston concludes. Activity has been par- ticularly strong in the sale of executive homes. ‘‘Our survey clearly indicates this type of home has seen the most dramatic dollar-for- dollar increase,’’ said Johnston. Seniors THE AGING of Canada’s population is proceeding at an ever-increasing rate. By the turn of the century one quarter of the popula- tion, parents of th: baby boom generation, will be seniors. The pressures the aging process will create already are starting to be felt in Many sectors of the economy, including housing. Many seniors are living on fixed incomes and can only afford modest accommoda- tion. Co-operative housing is becoming a popular way of UNITED REALTY LTD. 1420 EAST 29T fat ey 2 QUIET CUL-DE-SAC m Gorgeous, completely updated 2600 sq.ft., min. B view home on 70x 142’ landscaped lot. Oak B floors, extensive ceramics, 2 woodburning fp's, B wainescotting & much, much more. Huge %® sundeck ovetiooks mins. & park-like fenced yard. @ French imme7;., libr., mali, bus, within walking WM distance. Don’t be fooled by ordinary front, this is one of the warmest, most stylish homes I've @ had the pleasure of selling. a REP ee Coastline Realty Ltd. et ah Hee ae 879-4932 - 437-9431 <2 1388 ROSS AD. Delightfully decorated 5 bdrm. home on g® 50 x 122' fenced lot. New carpets, tiles, paint. Very bright ground level bsmt., fully finished. Drive by & calt for an appt. 310 E. OSBORNE RD. - The first time offered for sale in over 25 years. A true herita m lot in a prime Upper Lonsdale tocation. For detaits call. Office 984-3191 g2 house situated on large 100'x132' f Larry Gillanders Residence 986-4931 a : iawn, ee NEWS photo Tom Burloy This view from Shavington Street in the District of North Vancouver shows the industrial area on the waterfreut, while Second Narrows bridge and the Alberta Wheat Poot can be seen in the distance. tA satisfying their needs. It provides for user participa- tion, permits them to choose their community and neighborhood, and the type of housing to fit their lifestyles. In addition it provides non-profit, cost-efficient housing, lending itself to volunteer and community social support services. Co-operative housing projects can be designed to accommodate seniors’ changing needs,’’ says Allan McIntosh, manager of Anglophone Co-operative Services for the federal gov- ED 926-8109 ernment’s Co-operatives Secretariat. ‘‘Two have been completed in British Colum- bia with wide haliways, wheelchair ramps and other amenities to ease access. In this way people are able to stay out of institutions longer.”* : In 1980 there were only six co-op housing projects fer seniors in Canada. By 1986 there were 15 and today there are 45 offering over 2,000 units. In addition there are about 1,000 more seniors’ units in 90 other co-op hous- ing projects. Green Acres Realty Ltd. FREE MARKET EVALUATION 872-8586 Oo R LOVS KY EXCLUSIVE LISTING AT 342% MULTIPLE LISTINGS AT 542% 872-8506 TCL u ane OPEN SUN 2-4 65 ISLEVIEW PLACE, LIONS BAY! PEMBERTON HEIGHTS! TWO FAMILY HOME * It's an up and down duplex with 1150 sq.feet on each floor, only 11 years old, very clean and modern. 2 fireplaces. 2 car garage, etc. Very fit- ting for in-laws. Close to all amenities. Asking $229,900. Call INVESTORS 1 bdrm. close to SeaBus, 670 sq.ft. on top floor. Rentals OK. Good condition, view of mountains. asking $73,500. ED ORLOVSKY 926-8109 a te a ee ae a te, ele Ee et KINGS CASTLE $299,500 This 4 bedraom 2 level home of over 4000 sq.ft. is fit for a king & his servants. Sweeping view of Howe Sound & the islands. 4 fireplaces, 4] beauty, 3 bdrms., 3 baths, 2 fiplaces. Asking bathrooms, den, family room, sundecks and a south facing rockery garden. Leaded windows, ornamental hardwood floors, molded ceilings ete. etc and yes anly ¥2 hr. to downtown Vancouver. al ED ORLOVSKY 926-8109 ED OLRLOVSKY 926-8109 ,200. ow! This leaves you'with the best buy in Lynn Valley, if not North Vani immaculate 12 yr. old Crest built GEORGE 929-2522 co-ops satisfy needs ‘Seniors are as varied as the rest of the population,’ said McIntosh. ‘‘Some like to be with other members of their own age group wiile others like to be in mixed communities. Their co-op housing projects reflect this ‘diva:stiy, most are 100 pez cent senior, while some are mixed. with up to 40 per cent non-senior.’” Canada is not the only country with an aging pepu- lation bet Canada’s network of co-op housing projects for seniors ‘s considered to be a world leader. GEORGE DUTHIE G29-2522 WHAT & BEAUTY! Lonsdaie & 26th. Extremely new maint. bungalow in excellent area. 3 bdrms., fully developed osmit., 50' lot, updated. Asking $189,906. See it — you'll; tove it! SAN SHU ee an DRIVE BY 862 PROSPECT AVE. Charming well built 3 bedroom split level home on 66'x132' lot with possible view. Listed at $275,000. To view call ED ORLOVSKY 926-6109 GEORGE 929-2522 a