B6 - Sunday, June 26, 1983 - North Shore News

lil business afl

TORONTO (UPC) - A sur-
prisingly strong upturn in the
economy has set the stage
for Canadian housing starts
to soar by about 35,000 in
1983, the Housing and Ur-
ban Development Associa-
tion of Canada says.

A HUDAC economic
research newsletter said
there were 125,860 housing
starts in Canada in 1982 and
predicted the number would
increase to 160,000 this year.

In its February forecast,
HUDAC had predicted a
total of 150,000 new single
and multi-family units would

Looking East for oil

ST. JOHN'S (UPC) - The
Canadian oil industry will in-
creasingly be forced to rely
on Atlantic offshore oil pro-
duction as western reserves
diminish, the chairman of
the Canadian Petroleum
Association says.

Edward Best told a news
conference that
crude oil production has
dwindled to half the peak
levels of 1969 and Alberta
reserves “are running out.”

“The immediate hopes of
the petroleum industry are
pinned on production from
Hibernia (off Newfoundland)
with its reserve potential of
nearly two billion barrels of
oil,” Best said.

He said falling world oil
prices would not prevent the
oil industry from exploiting
the Atlantic's vast energy
reserves and predicted the
industry would invest about
$1 billion in the area in 1983.

Best questioned = the
federal government's goal of

western |

be built in 1983, but that
figure has been adjusted up-
wards by 10,000.
“Consumer confidence
has increased more than ex-

pected owing to the decrease

in the inflation rate and a
higher level of employment
combined .with lower in-
terest rates,” the report said.

John Rae, chairman of
HUDAC's economic
research committee, said by
that 1984 housing _ starts
would probably increase by
10 per cent over present
levels.

“But housing prices will
still not rise, not like they did

aiting for the new boom

in the 1970s,” he said.

About 70 per cent of the
new homes that would be
constructed in 1983 were ex-
pected to be single family
dwellings with the remaining
30 per cent multi-family
units.

The report forecast there
would be an increase in
housing starts in all pro-
vinces but Alberta, where
the 1982 level of 26,789 was
expected to drop to 18,000
this year. .

About 56,500 new homes
were expected to be built in
Ontario this year - up from
38,508 in 1982.

A.E.LtPAGE |

REAL ESTATE SFRVICE GI TI)

© REALTOR

REAL ESTATE
TRAINING

How successful you are or can be as 4 real esate sales-person
depends greatly on the company that is behind you

Ensure your success by worting for a company that offers the
essential backup services, ts nationwide and that will give you
the personalized attention and training you need

CONSIDER A.E. LePAGE

1 Training is carried out through instruction by full (ime protes
sional educators at our training centre, as well as additional
practical field training by the branch managers

2 The Manager does not sell — he is there to asatat you

In Quebec, 38,500 new
homes would be constructed
this year, an increase from
the 23,492 homes built in
1982.

British Columbia's rate
would increase to 23,500
from 19,807 in 1982;
Manitoba's to 3,500 from
2,030 and New Brunswick's
from 1,680 to 3,000. Nova
Scotia contractors would
build about 3,250 new homes
this year - up from the 2,793
in 1982: while in P.E.1., this
level would increase slightly
from 248 in 1982 to about
250 in 1983.

Joe Stonehouse

liz Oonaidson

Other SME officers include

Freestone, Dominion Directory Co. Ltd., Don .North,
Contenova Gifts Inc. and Tony Pugh of Korean Airlines.
Secretary-Treasurer for the 1983-84 year is John
McGowan and Associates Inc. while -Denize Callaway

continues as executive-secretary.

July 1,

July 4.

Saturday July 2.

lan Shepherd

Your Insurance Business!!!

Bring your autoplan and other insurance business to us Our fast. friendly
agents will be on hand to arrange all your insurance needs

REWARD: COMPETITIVE RATES - GOOD SERVICE

The 250-member Sales and Marketing Executives of
Vancouver at their June meeting installed new officers
for the coming year. Shown in the picture with.the gavel
_ of office is Bruce MacCormack of Westcoast Travel Ser-
- vices, Vancouver, who takes over from retiring president
Tom Mason, Site Buildings Ltd., North Vancouver.

All branches closed

For the Canada Day Holiday, all five branches of
the North Shore Community Credit Union will be
closed Friday July 1, Sunday July 3, and Monday

Open, as usual
on Saturday.

All five branches will resume regular business on

North Shore
Community
Credit Union

Five branches serving North Vancouver

”

vice-presidents Brian

3,4

Mike Gibson

3 AE Le Page ts Canada’s largest real estate Company

You deserve the pest opportunity to be successful AE Le
Page ia offering you that opportunity Interested? Then we
want to talk to you

MON FRI
BATURDAY

6 310-5 30

energy self sufficiency by 10-00-4 00

1990

He said exploration would
be hampered by rising taxes,
and falling oil and natural
gas prices and that Canada
would be producing tess than
half of its fuel needs by the
end of the decade

archibald clarke & detieux ttd

|&| [di |
985-0581 “enn

347 Bewicke Ave Nv ~

CALL TODAY

NORTH VAN

Chuck Traunweiser
985-9544

WEST VAN
Bob Norquay

925.1441

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