60 - Friday, November 1, 1996 - Norih Shore News

THE housing outlook CMHC analyst Lucia Su, Guest speakers at the Oct,
oo. forecast for major B.C. “Low mortgage rates and sta- 23 conterence included Roslyn
This unique Markets, including ble house prices will attract first Kunin, executive director of
id is 4 V; ? Vi & d time home buyers back to the — the Laurier Institure and Hugh
residence is {= Vancouver, Victoria an housing market which will Kellas, administrator of policy
, ; . locojed in a sought | Kelowna, look very Open up opportunities for the development for the GVRD
< tif ery: ” ku promising for 1997, new home market. ; who discussed how other
NGRM LUM after North Vancouver according to a Canada , ampraved housing afford- important factors, such as
=F : ‘et ability and low interest rates demographic changes em loy-
g & 4 9 i ] N. ap location, near the popular : Comenbs and He nonce will also stimulate the resale om ot und iramigration will
om : f + Pi H itu. atic . market in the Metro vancouver — influence Vancouver-s housing
Lonsdale Quay. Picturesquely situ held recently at the market during 1997,” added — market, 6
pi ‘ns Fe : 0 ated hetween the North Shore Hotel Vancouver. analyst Ray Toscani. The Honorable Earl Drake,
splay enire pen tai dB d Inlet. Th JADE On a regional basis, haus: executive vice president of the
‘ . Mountains and ourrdrd inlet, the JAVE | CMHC’s second annual ing prices are forecast to pradu- Canada China Business
Sat / Sun 295 ; offers spectacular panoramic views and f =Housing Qutook Conference ally deciine, but stabilize in mid Council and a former ambas-
or call for ; we . f was presented to aver 380 1997 tor B.C. asa whole. sador to China and indonesia,
private showing UNCOMpramising convenience -- | members of the housing indus- “Phe — Victoria and shared his considerable insights
: ° . 3? 4 try including builders, develop- Vancouver Island housing mar- into the changing . economic
: ing fr uly super: b location. Wen, appraisers, lenders, housing kets also present new develop- and political Situations and
: agencies and government rep- ment opportudities for 1997 how these will - affect
tesentatives. with the island attracting new — Vancouver’s business environ-
Topics included = the entrepreneurs and empty ment in. 1997.
Vancouver new and resale nesters,” stated Lee King, mar- CMHC's Housing
housing market which are fore- ket analyst. with CMHC’s Outlook conference. is an
cast to be strong for 1997. This Victoria branch. Move up buy- — arinual event which focuses on
recovery is due, in part, to ers will drive the Victoria new — the residential new and resale
metro Vancouver's population home market. ‘housing market in the metro
base which is poised for solid ther dynamic housing Vancouver markets, housing
: : housing demand for all hous- market is the Okanagan which trends, prices and thes impor, :
Porrniecrceion < vee 5 Gos ; yin s. The Fraser Valley  accordin to Jerry tant economic, political an
“SUSSEX GROUE-SRC REALTY CO: an ; Le marker i also forecast to Domnbowsky. Market analyst social factors. influencing the
, : : improve, particularly in yhe sin- with the Kelowna branch, will housing market.
gie detached market. “see an increase in: sales, hous- For more information, or to
“Understanding consumer — ing construction and prices.” receive a complete conference
behavior and preferences will This market will be particu: binder with highlights ofall the-
be key for 1997 for the new larly influenced by the over 58. CMHC Presenters contact Val
housing markets,” stated years of age marker. at(604} 737-4123.

POL TERIICRE MIT, 7a Oo i

JANET DAWSON) {gms Karton 732-1781

#LOO - 1656 W. 8th Ave.,

924-0693 5 ae ney croup Inc. . Vancouver
i a Christina Kai Cell 802-1222

At i BG

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og 6 SBDRMCAPE § | RECENT SALES!
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g throughout. Private setting fF Fe ' 1038 Belmont ave. N. Van. -$798,000

landscaped. A must see.
j View! New listing. ; eae "1 1961 Whitby Rd, W. V 600,000
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: Christina Kal 802-1222

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ek ; a

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: a :
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| , : es “6 : _ Level B&F 4a,
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REALTY I
BRAD TINS 279-9822 (24 hrs)