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commen S Saw fee we Page SI, January 28, 1979 - Sunday News

WHATEVER THE SEASON, Caulfeild Cove offers great opportunities for interesting walks whether you're a nature.lover or not, and if you can catch a sunny
afternoon, all the better! (Terry Peters photo)

Exciting new feature

Real Estate Dialogue
answers your questions

What are the three most
inexpensive renovations you
can do to your home that
will most increase its value
before you sell it?

How is the North Shore
market different from the
rest of metro Vancouver?

Perhaps you've been a
little frustrated trying to find
the answers to these and
other questions, In the past,
asking personal friends
usually gets a different
response every time, and
you may feel that contacting
an agent may imply more
more of a committment that

you are ready to make at this
time.

Creating this sort of
dialogue gives you, the
reader, a chance to meet the
people you'll be dealing with
beforehand, while educating
buyers and sellers alike.

Now you can find the
answers to those questions—
quickly, in depth, and from
experts who have a day-to-
day knowledge of the
changing realities of the
North Shore Real Estate
market,

The North Shore News has
contacted ai group of
professional real ecstate
brokers who have agreed to
field questions from our
readers concerning real
estate in general. They
consist mainly of managers
and/or presidents of local

real estate firms, both large
and small: people in a
osition to give more than
just an educated guess.

It will also bring the real
estate industry closer to the
general public, and anything
that brings people closer
we're in favour of!

We ask that readers try
and keep their questions
gencral. We are not in a
position to ask anyone to
comment on one side of a
specific and perhaps. still
unresolved problem.

The new Real, Estate
Dialogue is for” you, our
readers. We want you to use
it. If you're thinking of
buying or selling your home

and have a question, or are
just interested, address your
question to: :

Real Estate Dialogue
Box 242

The North Shore News
202-1139 Lonsdale
North Vancouver
V7M 2H4

All questions will be
treated confidentially. If you
find the answer to your
question not complete
enough and would like more
information, you ‘may
contact the particular broker
at your leisure. His or her
name and telephone number
will be published along with
the answer.

Real Estate Dialogue
begins this weck, on page 57.

.

Home assistance units raised

Housing Minister
Chabot has announced new
and increased price limits for
grants and mortgages in-
cluding Family First Home

Jim

Grants, under the Home
Purchase Assistance Act.
The increased price limits
are based on advice from
ministry regional offices and
from the member boards of
the B.C. Real Estate
Council.

The new price limits for
homes in West Vancouver
and North Vancouver City
and District is $62,000 for
mortgages and $52,000 for
grants. For Vancouver, the
limits are $65,000 for
mortgages and $54,000 for
grants.

Price limit increases
averaged $4,000 on homes in
the interior and on northern
Vancouver Island = and
$2,000 in the metropolitan
arcas,

Mr. Chabot, British
Columbia‘s new Minister of

Lands, Parks and Housing,
said there were two main
reasons for the change in the
price limits -- rising land and
Construction costs, par-
ticularly in growing areas of
the province outside metro
Victoria and Vancouver;
and the need to provide
support to the purchaser of
the standard modest home
now available on the market.

Price limits are adjusted
every six months and are set
at a level which assures
coverage of a supply of
modest homes in each
community. Price limits had
been tied to the Assisted
Home Ownership Program,
but few new homes built
under the program were now
on the market.

, The increase in price
limits will result in wider use
of ministry grants. Family
First Home grants are

averaging 100/week and this
should rise to 120-150/week
with the new price limits.

ae