- North Shore News -— tiday. March 3. 2000 _ Survey Says buyers preter North Sh GREATER Vancouver houscholds intending to buy a home in 2000 have chosen the North Shore as their most preferred area. That’s according to Canada Mortgage and Housing Corporation’s (CMHC) recently released report Consnaner bitentions ta B Renovate a Home: A Look at Tomar Customers... Today. The report is based on a survey of 3,000 Greater Vancouver heuscholds that inquires inte their home-buying intendens and preter- ences over the next EZ months. “Location and affordability are the main rea- sons buyers prefer the North Shore.” said CSSHC market analyst Cameron Mute ’ though 30% more households are ipiending to buy a hoare this year, home prices in Vancouver are sull the highest in Canada. This creates a centrifugal eftecr whereby buvers are forced out to more periphera! areas, such as Richmond, the North Shore, and the ‘Tri-Citi Muir said the > benetits trom its position re to the downtown core “Easier access to downtown and the ambi- with breathtaking views, contibute to its appeal. Home always make the best rade-off between price and distance the it appears the North Shore wins the bes prize from home-buyers thi value tthy mar- onthe North Shore now for at least {LS apartment sales in North up 15% in 1999, West Vancou eH with apartment sales up 31%, while sin- gle-detached sales rose by 16%. Areas that would expericnee a net gain in potential home-buyer activity, given their pre ferred destination, are ranked as follows: ® North Shore 447% @ Central Valley +33%; @ Richmond +14%; CF Prudential Sussex Realty Tr Cuties + PPM, BM Downtown + Areas thar would experience a net floss in potential home duvet activin. given their pre- ferred desananion, are ranked as tollows: ast Vanco @ Westside Vancomer - te, @ Surrey /Delta ¢ @ Burnaby /New West, 1 “Ht Greater Vincouver home-burvers all pur- chased in the naghbourhoods of their tirst choige,” said Muir, “East: Vancouver would experience anet loss in home bayer activity of Me. We know that the vast majonty of ‘ancouver houscholds in the housing nar- Ker will be fintcume buyers. [tf appears as though affordability concerns are driving many , Sout to mere suburban are thar while the figures provide matiag insight into the home buying pref enees of Greater Vancouver households Vancouver housing market wil! still experience sales gains this year. “One reason tor this.” Muir said, “is thar just because a houschold prefers to purchase a honie a parucular area doesn’t necessarily mean that that ts where they lH end up buying. Many other factors come into play, including, not the least of which is, price, location, ameni- and reputanoe: Muir said Vancouver is aise a favourite des- tination for migrants from Asia as well as other parts of Canada, MES) single-detached sales were up over 25% Jast year in both East ancouver and the Westside, while condomini- um apartment sales also posted significant gains. We expect home sales in these areas to rise this year as well. s difference between the home-buying intentions of Greater Vancouver households and actual home sales highlights the impact of migration upon the Vancouver housing market. We sce the current tend of increased migea- tion, partic arly from other parts of Canada, as good news for the Vancouver housing market.” 450,000 at 5.95% 35 years * West facing creek side lot « New paint & carpet up © * Retiled with vinyl windows ¢ Exceltent financial package « Immediate possession “A CALVERHALL CUTIE” 801 CALYERHALL, N.V, *2 bdims up « Priced to sell © 2 bdrm suite « New roof _° 30k in upgrades —_» Spotless condition RON HAMER-JACKSON 726-5631 An independently owned and operated broker member of The Prudential Real Estate Al SEMLWATERFRONT DOLLARTON © 66' semi-watertront « Steps to Cate’s Park « Completely updated home © Huge deck off kitchen ¢ Unbelievable water views 344 BEACHVIEW DRIVE * Top floor balcony CENTRAL LONSDALE APARTMENT #308 - 214 E 15TH STREET © Wrap around * South eas! comer OPPORTUNITY KNOCKS! 1098 PREMIER I's not every day that you can get into over 1800 sq.ft. of totally renovated livingt This townhouse otters 3 bdrms up. 2 1/2 baths a gas F/P. A large Spacious floorplan, a fully finished bsmt with a rec toom, bathroom & odrm (ideal tor students or a nanny) & an awesome cul-de-sac Incation! Let's not forget the private cedar deck idea! for entertaining: This one's a sure winnas! Call Taz today 720-5426, Prudential Sussex Realty SWEET DEAL! #109 - 128 WEST 8TH Just imagine over 900 sq.ft of spacious living in this 2 bdrm, 2 bath apartment! This unt offers a gas F/P, /S taundry, a lovely garden patio for entertaining & a nice open floor pian! Seller will took at offers! Call Taz today for more details 720-5426. - North Vancouver 984-9711 Visit our new web site: www.prudentialbe.com tn. = eer PEMBERTON HEIGHTS Beautifully presented home in this wondertul family area offering 4 bedrooms, 2.5 bath- rooms, designer kitchen, hardwood floors, crawn mouldings, suite and workshop. Mr & Mrs neat live here!! 1284 WEST 23RD STREET Asking $372,000 ATTENTION PEMBERTON HEIGHTS HOMEOWNERS - | have several families looking in your area right now for 3 bed + homes * Excellent location * Close to everything © New to market REVENUE + POTENTIAL. * $2600.00 p mo is what this solid home retums the owner plus is potentially a two 33 Lot subdi * House is in excellent condition with lane RON HAMER-JACKSON 726-5631 RON HAMER-JACKSON 726-5631 Prudential Sussex Realty ~ North Van 984-9711 Visit us at: www.prudential.com iates, Ine. A subsi ary of The Prudential Iasurance Company of America