70 ~ Friday, June 3, 1990 - North Shore News

Ha 8 6OXREAL ESTATE

Rental market eases

APARTMENT VACANCY
rates in the Vancouver met-
ropolitan area increased to
0.9 per cent in April 1990,
up from 0.4 per cent in Oc-
tober and 0.5 per cent in
April 1989 according to the
semi-annual Vacancy Survey
conducted by Canada Mor-
tgage and Housing Corpora-
tion.

In the Vancouver metro-
politan area, the annual in-
crease in vacancy rates was
highest among the
municipalities in the urban
core. The vacancy rate in
North Vancouver District
increased to 2.2 per cent
from 0.4 per cent in April

1989 and in West Vancouver
to 2.3 per cent from 0.3 per
cent.

In the City of Vancouver,
the rate increased to 1.0 per
cent from 0.5 per cent, with
the highest rates reported on
the westside of the city. The
lowest rate was found in
Delta and New Westminster
at 0.1 per cent.

In April the rate of rent
increase moderated over a
year ago. In April 1990, the
average rent level for a
one-bedroom reached $548,
up 9.4 per cent; two-
bedroom were $723, up 9.5
per cent. Whereas in Oc-
tober 1989 the annual rent

<<

increase was 11.4 per cent in
the one-bedroom units and
{2.2 per cent in the two-
bedroom units.

Rental markets in outlying
arsas remain very tight.
Vacancy rates in all
municipalities in the Fraser
Valley and coastal regions
reported lower rates.

In April, apartment
vacancy rates in the
Chilliwack area declined to
0.1 per cent from 1.1 per
cent, Matsqui area declined
to 0.3 per cent from 0.4 per
cent, Powell River to 0.7 per
cent from 1.2 per cent and
there were no vacancies
found in Squamish.

Se Pe

realty associates

VENDOR GONE
MUST BE SOLD

Near new & near perfect
family home. Spotlessly
maintained with 3 bdrms., 3
baths, 2400 sq.ft. plus full
basement. Huge sundeck
for entertaining. Sunny tevel
lot. A steal at $315,000.

3620 OSPREY COURT

‘KON LIMER

OFF: 986-9511
RES: 984-7930

| $415,000 | |

~

2689 TEMPE KNOL

SAT. & SUN. 1-2:45
Easy care custom designed 4 bed, 3 bath home
Great layout, semi-formal dining. Step down liv-
ing combination. Separate family room off kit-
chen. Lovely kitchen, top of tine appiiances,
come enjoy the open. MLS. Or cail for private

f showing. Open to offers.

1036 ADDERLY ST.
SAT. & SUN. 3-5

900 sq.ft. fixer on great building lot. Marvellous
view. Vendor motivated, live in now, build later.
wie location. Cait to view or come to open. g
ML

ANN M. LINDSAY

421-0685
Office: 421-7275
Pager: 667-2071

987 SHAKESPEARE
AVENUE

Spacious character home with
gleaming hardwood floors and
homey atmosphere. Entertainment
sized living and dining rooms, full
high unfinished basement. One of
the largest tots in Lynn Valley.
Private and parklike setting with
apple and cherry trees. Separate
garage. Easy to show. Call re
private viewing & opens.

ANN LINDSAY

421-0685, 421-7275 off.

The Valley’s Premium
Adult Community

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