Make All The
Right Moves.

Bs a home is a major undertaking. There are
no shortcuts. You have to go out and get the
“feel” of a property and a neighborhood firsthand.

Whether buying or selling, you need sound
advice and resources you can trust. For selection and
convenience, nothing beats the North Shore News.
And for sciid experience and neighborhood know-
how, nothing beats a local realtor.

Always up-to-date, realtors sense the pulse of
the market. They understand where to bry and how
to sell... market values ... financing ... neighborhoods
... school systems ... and more. Working with buyers
and sellers, realtors get results.

No matter what your real estate needs, the
Friday HOMES section covers North and West
Vancouver like no other real estate publication ... with

-a vast variety of locations, home styles and prices,
all right at your fingertips.

So make all the right moves in your next real
estate transaction. Find it or sell it with a realtor ...
and the North Shore News HOMES section.

‘north shore)
Ties
Because it works for

ARK
ea)

ATTENTIGN PLEASE

This weekend you and your family are invited to the

FIRST OPEN of our 2 EXCITING NEW LISTINGS!!!
ay vm? on ; es be . .

15701 GRANVILLE 261-7275

ap hoe

This post & beam style, 2 full api , garden-setting 4 acre lot in the lower

British Properties. !t offers a nice water view, lots of wood panelling throughout, 2 weed burning

fireplaces, skylights, a total of 4-5 bedroom pius a whole lot more. Close to schools and club. See;

you ail at 1160 Ottabum Road this Sat. 2:30-4:30 p.m. For more information, please call
CAROLYN HUI 261-7275 off. 922-7198 ras.

: es
i Serres ¥ a iti E
Located on a street with MILLION $ homes, this house is got to be the most affordable! The panoramic
view from this house alone is worth a MILLION $1!!! But belive it or not, vendor is asking only $898,000.
It features a marble tiled foyer and bathrooms, ceramic tiled gourmet kitchen, self contained nanny/in-

law/quest suite and much, much more! Come see for yourself and be pleasantly impressed! Open}

this Sunday 2:30-:30 p.m. at 1472 Chartwell Drive. For more information, please call
CAROLYN HUI 261-7275 off. 922-7198 res.
FRANCIS CHANSON 261-7275 off. 266-8296

15 - Friday, September 22, 1989 - North Shore News

REAL ESTATE

Housing market is complex

WHAT DETERMINES
house prices?

By JAMIE JOHNSTON
Contributing Writer

Like all commodities, the
market operates on supply
and demand. But, there are
important differences. Peo-
ple buy housing as a necessi-
ty and an investment. These
two factors are at work si-

multaneously.
First, consider the
*‘necessity’’ aspect. People

need a house to live in. In
markets where people are
moving in there suddenly

becomes more buyers than
sellers.

In order to balance the
market, more new housing
must be constructed. This
takes time. If 2 subdivision
with serviced land isn’t
available, the process could
take two years or longer. In
the interim, prices move up
dramatically as new people
buy whatever is available.

Now, let’s look at the
““investment’’ factor. When
a capital gains tax was first
introduced, house prices
moved up. Why? There was
no tax on the sale of a prin-
cipal residence — the only

asset exempted.

When the stock market
crashed, where did a lot of
personal investment money
go? To real estate (houses)
and real estate values in-
creased again.

Where do mortgage rates
fit in? They influence de-
mand — first in terms of
what people can afford and
secondly, making an invest-
ment less attractive.

One can’t look at
any one factoy in isolation.
it makes the market pretty
confusing and at times even
harder to forecast.

#206-120 WEST 17th ST.

A totally renovated large |
one bdrm suite in one of
North Vancouver's most
sought-after buildings. A
great central location —
walk to everything. Priced
right at $99,900.

OPEN SUN 2-4

. LARRY GILLANDERS A.AC.I.
Coastline geet
oastiine Car: 644.8033

( Realty Ltd.

Stelia Kai
986-8727 res.
686-5516 pager

|

LOOKING FOR A.
= ape - DESIRABLE —§
333 | NEIGHBOURHOOD?§

Well built 3 bedroom basement
home in Canyon Heights area,g

er MULE

# Brand new house in Delbrook/Upper Lonsdale,
2200 sq.fi. with unfinished bsmt, & double attach-
ed garage, 4 tdrms. & den. Close te school.
Lot size 40°x113:! Cempare the price! 3470

fa Mahon Ave. For more information, cal!
STELLA KAI 686-5516

ma 6 2 NEW HOUSES, WITH VIEW UNDER
CONSTRUCTION IN UPPER VANCOUVER
i Architect design, feature skylight, luxurious, 24
M bathrooms. 4 bedrooms. Large family room off
Bi kitchen witii sundeck. Close to all schools &
a amenities. Price at mid $300's.
STELLA KAI 686-5516

jJarge lot 66'x120". Askingg

$249,000.
CHRISTINA C. KA!
686-3111, 987-6519

WE HAVE GENUINE BUYERS :

We need listing in Capilano Highlands & Edge- &

mont area & Upper Lonsdale. .
Call STELLA 686-5516

- 7

a