80 — Friday, May 9, 1997 — North Shore News
north shore news — -
____ REALE stare | SU *
PETER LEE 984-9711

wo

St plan to buy

property shortly

A Greater Vancouver
Home Builders’
Association (GVHBA)
survey of prospective
first-time home buyers
revealed that 75% of
the respondents plan to
buy within one year,
despite the belief of
63% of the respondents
that affordability is the
major obstacle prevent-
ing them from purchas-
ing their first home.

“The former statistic con-
firmed our belief that young
people are serious about mov-
ing from the rental rut into
homeownership, while the lat-
ter siatistic, although worri-
some, is not surprising. High

- land costs and an ever-increas-
ing array of charges imposed
by all ‘levels of government
have combined to impact neg-

-.atively on housing affordabili-
ty,” said GVHBA Chief
Operating Officer Peter
Simpson.

Survey results, which
reflected views of 317 respon-
dents, revealed that: most

first-time home buyers cur-
rently rent accommodation
away from parents; will be
buying their first home with a
Partner; would like to buy a
three-bedroom townhome or
detached home sized between
1,000 sq. ft. and 1,500 sg.
ft.,;expect to pay between
$125,000 and $199,999,
will be using RRSPs for their
down payment; will consider
Canada Mortgage = and
Housing Corporation’s 5%
downpayment program; and
want to be protected by a
third-party new home warran-

The complete survey find-
ings (rounded to the nearest
percentage) include:
© 70% of respondents current-
ly rent accommodation, while
19% live with parents;
© 64% will be buying their
first home with =a
spouse/partner. 26% said they
would be buying their first
home alone;
© 41% said they plan to buy
within six months, while 34%
indicated they would buy
within one year. 14% said they
plan to buy within the next
two to three years;

f

© 40% said they plan to pur-
chase a detached house, 30% a
townhome, 13% a lowrise
condominium — apartment,
11% a highrise condominium
and 3% a duplex;

© There was no clear prefer-
ence for specific locations,
although Vancouver, Surrey,
Langley and Burnaby were
mentioned most.

© 6% said their maximuin
price would be less than
$125,000, 19% said
$125,000-$149,999, 15%
said $150,000-$174,999,
20% said $175,000-
$199,999, 28% said
$200,600-$249,999 and 11%
said over $250,000.

¢ 2% said they have less than
$5,000 for a down payment,
21% said $5,000-$9,999, 24%

said $10,006-$19,999, 28%.

said $20,000 to $49,999 and
16% said more than $50,000.
© 4% said they want to pur-
chase a home smaller than
800 sq. ft., 7% said 800-999
sq. ft., 13% said 1,000-1,199
sq. ft., 32% said 1,200-1,499
sq. ft., 18% said 1,500-1,799
sq. ft., 12% said 1,800-1,999
sq. ft. and 12% said more than
2,000 sq. ft.

DARE TO COMPARE
CONDITION - FINISH - PRICE
2,216 sq. ft. of exquisite finishes; granite marble,
glass blocks, hardwood floors & top quality car-
pet. Speciacular maple kitchen w/adjoining fam-
ily room with gas fireplace. Spacious dining
room & living room with floor to cailing windows.
4 bdrms, 2 baths. The baths are magnificent the
master bdrm is the ultimate with french doors
leading to courtyard. Fully fenced & beautifully
landscaped.
965 Burley, W.V.

CHARM & LOCATION
Totally charming, with coved ceilings, oak hard-
wood floors. This nome must be one of the orig-
inal split levels. Great potential. Just steps to the
sea wall & Dundarave. 2 beds & den, garage.

925-291 1 / 925-0487

“Your Satisfaction
is Our Success”

NORTH VAN TOWNHOME

3 bdrms, 2.5 baths, 2 pkg, court-
yard patio leads to green space.

Complex has numerous amenities.

GET YOUR FOOT IN THE
DOOR N.VAN APT.
Excellent starter 1 bedroom
ceramic tile floors. Nice views.

Great location. $109,000

GET AWAY FROM IT ALL!
SAKINAW LAKE
Sechelt peninsula - 165 ft of lake-
front 6.2 acres. 5 bdrm home. Your
own dock. Summer's coming-this

won't last.

Sussex Group ~ S.R.C. Rec*?y Corporation
West Vancouver Office 925-2911

EDGEMONT VILLAGE - NORTH VANCOUVER
3606 HILLCREST AVENUE
Fabulous home located in Serene Capilano Highlands. Modem con-
temporary design on a corner lot at Sunset Boulevard. Complete three
levels offering gourmet kitchen, den, laundry, family rm and atrium style
living rm. on the main. Upper level features 4 spacious bdrms and a hot
tub spa rm. Lower level comes complete with a living rm, a bdrm and a
huge recrm. A total of over 5,000 sq.ft. - 3 fireplaces, storage area, sun-
deck with gas outtet for the barbeque, intercom and security system.:
Cozy surroundings of mature trees and manicured landscaped grounds. .

Cail Peter 990-6351 to view.

WOULD YOU SBE
IMPRESSED WITH...

* Lowest priced 2 bdrm - West Van

¢ Concrete construction - strata title

* Cul-de-sac, but near beaches etc.

« West view over Lawson Creek - it's lovely

* Only two 2 bdrm condos under $200,000 listed
(the other is wood frame)

* Easy to view

CONDO
CEDAR BROOK VILLAGE

A Here’s the only 3 bdrm strata condo in North

Van. Updated kitchen, ensuite, gas f.p., insuite
Maytag laundry and hardwood floors will all
impress you. Outdoor pool is yours to enjoy for
the summer. No opens... view by appointment
only.

$279,900

POTENTIAL - POTENTIAL - POTENTIAL.

. . IN PRIME LOCATION :
This very solid three level home needs some
T.L.C. to make it shine. The polisher will reap
great rewards. 70'x179' lot backing onto green- ;
belt with cul-de-sac location near Canyon Hts."
and Handsworth School. Easy to view.

4384 Arundel Road.

e
o@
Po ;

CARLTON AT-THE CLUB.
FABULOUS AMENITIES |

With maintenance only $163- per month ‘no:
other building in North’ or West Van offers
upscale amenities like the Carlton (for so little!)
Our west facing 2 bdrm 2 bathrm condo was the -
former show suite (crown moulding + designer
touches). Priced well below comparable units!
Easy to view. . Co ny

TOWNHOME LIVING - --
* Valencia Gardens! Units seldom
mm §=come available in this popular 10
‘-unit comptex. Absolutely immacu-
late S.W. comer unit offering 3
bedrooms, 3 bathrooms, 3 private :
Patios, gas fireplace, big bright
and opén floor plan. Secured ~
parking, excellent location. Call
for you private viewing. .
#8 - 225 W 15th Street

EXCELLENT FAMILY:

RESIDENCE
Quality Crest built view home
on one of Dollarton’s finest
Mi streets. This 3 bedroom, 3
id bath, 2593 sq.ft. home has
had extensive updating
throughout including roof,
flooring, light fixtures, kitchen
mand much more. Double
garage wired for workshop.
§ Easy suite conversion. Large

corner lot. See for yourselves.
at 4171 Glenhaven Cres.

Sussex Group ~ S.R.C. Realty Corporation
North Vancouver 984-9711 West Vancouver 925-2911