INTEREST RATES PEAK High in east low in west The latest survey of house prices by The Perma- nent Real Estate confirmed the price trends evident earlier this year. Most centres in Eastern Canada reported stable to slightly rising prices. In the West, prices were stable to moderately lower. John Erickson, Vice- President Real Estate Ser- vices commented that, ‘*Con- sumer confidence is a key factor in any purchase dect- sion. The economy 18 stronger in the Fast than the West and this shows up in our real estate markets”’ The period ending October 31 saw interest rates peak in late July, then slowly moderate ‘‘While the rever- sal in rates part way through the period produced no dramatic change to the market, interest rales are still an important consideration”’ says Mr Erickson He goeson to say, ‘there is always a lag of several months between in- terest rate changes and our market As well, the recent movement in interest rates has been within a fairly nar- row band which would also reduce its impact” Within this market survey, there were also some in teresting price Changes bor csample. the Ottuwa marke Odabify © tote Te showed some shghtly lower Prices over this period. This can probably be explained by the fact that politically sen- sitive people in) Ottawa postponed any house buying decisions until after the tederal election Mr Erickson goes on to state, “*we expect that house prices will again pick-up in Ottawa because ats overall economy iS strong” In Alberta, vacancy rates tor apartments were higher Thus there was lttle pressure on renters to enter the hous ingmarket An exception was the two storey erxeculive home in Calgary which in- creased in value due to the transter of the Shell Head Office to that city during this period British tinued to Columbia con expermence Pro blems duc oro the fragile nature Of its cconemsy and weaknesses in VES CAPOTES Moovirteye castward. Manitoba and Saskatchewan continued to have stable Prices with reasonable markels. Across Ontarto prices edg- ed up in some centres, but for the most part prices were stable. Quebec experienced good markets — particularly Mon- treal. Outward migration to other provinces 18 now minimal and this has allowed markets to strengthen as sup- ply has come ino bine with demand. In Atlantic Canada, prices in the major centres moved upwards as people there are {ar more optimistic than those on the other coast In looking to the balance of 1984 and into 1L98S. Mr Erickson Stated. “there ap Pears to be no unusual tac- tors to indicate any change trom current market activity However, the new federal government may provide a contidence boost to pick up Markets in the west’ The Permanent, one ot Canada’s largest real estate brokers, with LOS real estate Sales offices and 34 tranchis ed otfices Canada, produces this survey of home ACTOSS pPrrmees three times a veat TELEPHONE 987-3311 CHECK & COMPAKE UIHER UNITS PRICED IN THE $120°S -THEN SEE ME AT THE OPEN! ED RASMUSSEN 987-3311 1 4G PS wee Ave ADRIEN TAYLER 8O7 3415 ‘PLEASING IN PEMBERTON ONE Y TC) BURN INVES TS tO RASMUSSEN 86/ s5n1 Bll - Friday, November 9, 1984 - North Shore News 706 EAST 7th STREET 984-0421 SSS NEW — WATER VIEW 4125 RUSSELL (OFF BROCKTON) Nearing completion this 3 BR home could be most accommodating! Boasting tull bsmt vex tra accommodation?) and truly) tuxurous finismings This iS only one of Several choice homes remaining in Cove View Estates See you Monday SOREN FREDERIKSEN 984-0421 (24 hrs.) S “4 S aaa. as JUST LISTED — UPPER BLUERIDGE Heres a home that just shines! Over .4 © sq tt of tinished area Priced sharp 6 the ow *40 s Someone & going to steal it! SOREN FREDERIKSEN 984-0421 (24 hrs.) A ~\ @» MUST SELL!! : et Boob ap pie ge fone , rot a a a . a BOB FLETCHER 986.0660 JOAN ALEXANDER 984 4453 ak SS GROUSE WOODS FEATURE ‘ . , 1 SOREN FREDERIKSEN 984 0421 (24 Ins at % Be A SUITE DEAL JOAN ALE XANDEH 964 444.5 HOH FLEETC HER 986 0660 TROUT FOR BREAKFAST SCHEIN Fb beh Lot be CEN SAA a at PLEASE CALL FOR IMMEDIATE AND COMPLETE SERVICE we: ay REDUCED, READY & WAITING 2055 RUFUS AVE. (OFF KIRKSTONE) The price is way down on this fully finisned 5 BR tamily home! Open kitchen + family pian lols of bsmt development and a Dig sunny tenced lot Perfect tor the kiddieS Make this Our best Duy! SOREN FREDERIKSEN 984-0421 (24 hrs.) PRIVACY PLUS! Davos want privacy and elegant tiving® Tree s Te rome tor you Three BRs wensute a forma ifestyie around the pool Mauch mach more View by appomntment onty Call RAE PHILIPS 522-0387 / 984-0421 ~ pee eC 7 oa ae Ries co - e ’ MY F ITE STARTER hee Pere The owner hae fought arr toh ce tan Forges yerly ceric dertlerct ft Py ho morte date ate ERE Jere ey noe fede on Tatty peg dower a debe ty ite hte te SOREN FREDERIKSEN 984 0421 (24 hrs.) Se STEPPING STONE HOME 317 WEST 19TH STREET BOB FLETCHER 986 0660 SOOHEN FHE DE RIP SEN 984 0461 144 Teed MMACULATE THROUGHOUS DOAN ALE PF AN(IE FE YAR aati: