C17-Sunday News, February 17, 1980 West Vanco FLEET OF PLEASURE CRAFT at Horseshoe Bay, as the Bowen Island ferry heads out of the dock, gives promise of happy summer days afloat for local residents. (Terry Peters photo). B.C. MORTGAGES TOTAL $3.19 BILLION The chartered banks have more than tripled their commitment of funds to the residential mortgage market in British Columbia in a little more than five years, according to a local banking spokes- Duncan Campbell chairman oof the BC -ommittee of the Canadian Bankers) Association, says total bank mortgage loans rsutstanding at September 30 of last year, latest date for which figures are available. was $3.19 bilhon The total was $1 02 billion in March of 1974 when such data for the anks triple help for homes this market steadily during this penod,” says Campbell. senior vice-president of the western division of The Mercantile Bank of Canada. “Most recently, for in stance, the increase has been almost 25 per cent in the 12 months to September 30. to $319) tMilhon from $2 55S bilhon a year earher “The average mortgage approval dunng 1979 was for about) $47 000. indicating that the banking industry has a clear Commitment to make home ownership a reahty for as many people as possible ” DUNCAN CAMPBELL Campbell said these b « ' + a figures indicate that the banks play a vital role as a available major source of housing “The banks have been funds for the = province's increasing their support of — housing market. province farst ng Mow Doors on the Morth “But even this con- tribution is understated because these Bank of Canada _ statistics do not include the large volume of business done through some bank mortgage subsidianes Campbell said that the banks’ full range of mortgage services are avatiable through more than &70 branches, many of them in smaller and remote com munities throughout the province where other financial institubons are not represented He said these = services include NHA mortgages as well as conventional first and second mortgages on both new and cxristing properbes and single family as well as multi-unit dwellings George Robb Shore Estate Showcase, call us 980-0517 Divisions North Shore free Press Lid Dave Jenneson Call us today. The Rea! Estate Showcase can put your home or your listings ‘on view’ across the whole North When you want to advertise in the Real sunday news north shore | news ”