Budget will boost sagging home building industry THE B.C. Division of the Canadian Home Builders’ Association has come out in support of the federal budget, saying it will help _ Stimulate a lagging industry, according to president Jarl Rosenberg. “The elimination of the Registered Home Owner’s Savings Plan (RHOSP) will serve to stimulate new home purchases during the next months,’’ says Rosenberg. He says this comes as a welcome boost to the residential construction industry, which ‘‘is in bad shape throughout the pro- vince’’. Under the terms of the budget, RHOSP will be ter- minated at the end of 1985, which would free up about $2 billion in investment in Canada and approximately 10 per cent of that total in B.C. Although Rosenberg sees a Significant portion of that amount being invested in new homes, he says the Association felt there should have been some restrictions placed on the use of the freed monies, such as home ownership. “In 1982, we had 41,000 new housing starts in this province; by last year that figure had fallen to 16,000," he says. ‘‘Any Measure to bring funds out of savings, either by eliminating RHOSP or by loosening the restrictions on capital gains, can only help the industry.’’ Rosenberg says the new tax-free ceiling of $500,000 on capital gains will provide indirect assistance to the housing industry, in that he foresees a share of new in- vestment will be earmarked for multi-family rental in- vestment. “We are extremely en- Signs, posters prohibited SIGNS AND posters on power poles can be danger- ous to Hydro linemen who sometimes have to climb them at night to make repairs. ; Because of this B.C. Hydro safety co-ordinator Earle Pritchett is asking for the co-operation of the public in ensuring that signs, posters and other objects are not attached to poles. Hydro has found real estate signs, ads for garage sales and even mail boxes fixed to poles — all of which are a hazard to linemen. In a number of instances linemen have been injured because their climbing spurs have slipped on cards, nails, ‘staples and other attach- meng. Patchett savs thar B.C. Workers’ Compensation Board regulations prohibit posters and orner foreign at- tachments onwuulity poles. “Public co-aperation will help keep our employees safe on the job.”” couraged by the federal gov- ernment’s initiative in con- trolling the size of both the government and the deficit, as these measures have a strong positive effect in keeping interest rates down,” he says. Rosenberg says the hous- ing industry is starting to benefit from the current stability of the interest rate market. However, he says the industry was hoping for a change in the interest rate act, to provide a long-term, stable and affordable mor- tgage rale; a measure the Home Builders’ Association says would create new jobs while also benefiting the consumer. “no Iteneey “HE'S GOING TO HIT ME” COURSES. BEGIN * TUNER INCLUDED NO PAYMENTS TI OCT. ‘Be “SUPER BUDGET VIDEO" Semenat & circraic w4DAY EARCH PROGRAMMABLE Be SAO TOSHIBA DIGITAL SOFT TOUCH MAXROW AVES “FAMILY SIZE CAVITY” © 720 WATTS: OBE war 9S *$0.275 VERFONM AnCE Am tu RECE Cy ry 7) + STHAIGHT ARM TURN pot 1985! MEME 430 FRONT-LOAD Vi! 14 DAY 6 EVENT TIMER ah WIRELESS REMOTE CONTROL TOSHIBA. "FULL SIZE” DIGITAL SOFT-TOUTH MXROWAVE “CONTEMPORARY EBONY FINISH” #99 MIN TIMER « AUTO DEFROST REE COOKO COURSES V¥O WATT TOWER LOUD SPEAKERS 3 WAY DESIGN ny CASSETTE tnengy sarin Drive with us first and escape JUNE 17 - 7 P.M. June 24 - 4 Day Special “SUPER SOUND” ¢ RECOROS OFF RADIO £m 98 MEW! Teper MEGA-SLASTER DETACHABLE 4 SPEAKER SYSTEM "BUILT IN EQUALIZER * mcs ONE TOUCH RECORD © BLACK SATIN FINISH wer >-c0 rt wy. ae ARSE can od SHARP H-FOWERD AM/EM STEREO = CASSETTE GLASTER “SENSATIONAL” 2 ‘Serer « TAPE MONITOR * LOUDNESS CONTROL 29 ~ Sunday, June 9, 1985 - North Shore News A head-on coltision happens ina split second. ‘There's nu time ta think, Only enough time to react. But how? Thyou've taken the Young Drisers of Canada course. you'll brow how to react fo avetd 2 head: on collin, And hew 0 use available space to escape serious injury or even death. Through exclusive classroom instruction, we train our students how to form defensive driving habits. We then train each student to apply these defensive driving habits instinctively when “NOBODY BIATS WL" confronted with a fife and death situation. This year. over 30,000 new drivers will leatn how tw avoid a head-on collision through our course. Be one of them. For more information contact your local Young Drivers of Canada Centre. “ip. Young Drivers (@)) of Canada ORIVE WATH US FIRST j 70° XL-500 REMOTE CONTROL TRE FE COLDUR TV's Po DIGITAL +] Quaarz ' €OtoA “WO INTEREST CHARGES AND WO MONTHLY PAYMENTS IF BAS ANCE 1S PAUQ IN FULL } © 422 CHANNELS {i «QUAL SPEAKERS |< DIGITAL HAND UNIT lisa! | $ CASH 'N CARRY 649 ’ SPECIAL q ‘AUDIO VIDEO |... :WAREHOUSE |.