REAL ESTATE

LOWER MAINLAND

Affordabl
are still avai

HOUSE PRICE increases
have moderated in recent
months in most major Ca-
nadian centres, according to
a survey released recently by
Royal LePage.

“Although prices have
continued to rise in most
centres since last Fall,’’ says
Ozzie Jurock, president,
Royal LePage Residential
Real Estate Services, ‘‘the
rate of increase has slowed
considerably compared to
earlier in the year."

However, based on strong
market activity in the first
half of 1987, house prices in
many areas are now con-
siderably higher than they
were a year ago.

Haye higher house prices
forced first-time buyers out
of the market? Not accor-
ding to Royal LePage
statistics,

FIRST-TIME BUYERS

“Our research shows that,
first-time buyers accounted
for 36 per cent of all homes
puchased in Canada in
1987," says Jurock. ‘‘In
Vancouver, people buying
their first homes represented
one-third of all home sales.

“This is not to say that
buying a first home is a
quick and easy process. A
house still represents the
largest’ investment most
people make. But, in relative
terms, buying a home is not
significantly harder now that
it was 30 years ago.

“House prices have risen
in recent years, but so have
incomes,’’ says Jurock.
“There has also been a large
increase in the number of
two-income families in re-
cent years. More than ever
before, many women prefer
a lifestyle that includes a ca-
reer, which allows them to
contribute to family in-
come.”

Jurock made his com-
ments in an article in the
January, 1988 issue of the
Royal LePage Survey of
Canadian House Prices. .

According to Jerry
Jackman, senior vice-presi-

‘dent and divisional general

manager for Royal LePage
Residential Real Estate Ser-
vices in British Columbia,
“potential first-time buyers
should not confuse: the
published average or median
selling price of homes with
the true cost of buying a
home.

e hoi

lable

“The average price in any
area is not the price first-
time buyers have to pay,’’
Jackman says. ‘In’ every
community, there are many
styles of housing and many
areas that are priced well
below the average price.

PRICED LOW

“In Vancouver, the
average price is currently
over $130,000,"" Jackman
points out. “But a three-
bedroom bungalow in Port
Coquitlam is priced at under
$100,000. A standard con-
dominium apartment with
two bedrooms in North
Vancouver is currently
available for $75,000, while
a standard townhouse in
Burnaby can be purchased
for $78,000."

“When it comes to pur-
chasing a home, the equa-
tion hasn't really changed
that much over the years,”’
says Jackman. ‘Buying 2
home represents a large fi-
nancial commitment, but it
is well worthwhile. The fact
that it increases in value over
time makes it the best first
investment the average con-
sumer can make." |

JUNDARAVE HERITAGE

2412 Haywood Ave., West Vancouver

BRAND NEW — 2 BEDROOMS |
NOW SELLING

from 1165 sq.ft. — 1300 sq.ft.
$169,900 to $199,900
Display home open Wknd. 1-5 &
Wkdays 2-4

OCEAN & CITY VIEW
Site 925-3734.

~NEW METHOD OF MARKETIN

Hemisphere _

CAPILANO MALL, D

DISPL

Y MODULES
ENMAN INN MALL & CAULFEILD VILLAGE

At res

REALTY WORLD
Hemisphere

yy .
£2 te

T -

REALTY WORLD for years has always taken 8 photographs of your hame and mounted them on a 2 foot square property board to provide port-
ability, so we can “show your home” to potential purchasers without disturbing you. WE NOW HAVE DISPLAY MODULES IN MAJOR SHOPPING
CENTRES. There is always a competent Sales Associate there to assist and qualify purchasers. This allows sellers to have a constant open house
without being disturbed and gives purchasers a chance to browse without being pressured. To benefit from this new and unique method of marketing
properties, please call any of the locations listed below.

FOLLOWING PROPERTIES AND OTHERS CAN VIEWED AT THE ABOVE DISPLAY MODULES

NO STAIRS, EASY CARE RANCHER
Be Se wt a 4219 ARBORLYNN DR.
“SPURAWAY EXCLUSIVE” Facts: ;
on't miss this one! Fully carpeted two fevel townhom “ane sq.ft. 3 parm. & famil/ room
i ; i ional facitities pa ~
pisigrpe renin, Ola te et Pls" Pvt pat bck ty eee

WENDY MARSHALL 922-1733 child-safe
~lots of storage

DENENE OQUIST 984-0088
tes

And. enjoy this 6 bedroom, 2 bathroom executive home in
excellent Cedardale lacation, complete with in-ground pool and
large southern-exposed backyard,
LEANNE JACOBSEN 980-8585, 925-2267
DEBBIE NEELIN 980-8585, 922-5129

REALTY WORL@ HEMISHPERE «ur. racine 980-8585

CAPILANO MALL 980-8585 DENMAN INN MALL 685-9681 CAULFEILD VILLAGE MALL 922-8080