Record new house prices

VANCOUVER'S AVER-
AGE price for a new single
home will hit a record of
$480,000 in 1994, almost six
times higher than the nation’s
lowest average price of
$81,600 in Chicoutimi.

The forecast of average
house prices was released
today as part of Canada
Mortgage and Housing
Corporation’s Canadian
Housing Markets, which
reports on the housing mar-
kets in Canada’s larger urban
centres.

For resale homes, the
highest average price will

use be in) Vaneouver.
366.000 versus the lowest

erage price of $73,500 in

Trois-Rivicres.

The 1994 forecast of
major markets also shows
most centres will continue the
struggle to pull out of the
dowrtum which started in the
early 1990s. “Sales of exist-
ing homes will recover only
two per cent after dropping
eight per cent in 1993,” says
Daniel Guerrette, senior mar-
ket analyst for Jocal markets
at CMHC’s market analysis
centre.

Guerrette added that hous-

ing stuts will continue to stip
across major urban markets,
although they will decline by
only ove per cent this year,
compared to cight per cent in
1993. This differs from
CMHC’'s National Housing
Outlook (NHO), which fore-
casts done per cent upturn in
starts nationally. due to faster
growth in smaller towns and
cities. Starts will decline in

the major centres because of

a drop in rental construction.
The bulk of the decline is in
urban centres west of Regina
which will see a combined
drop of 11%.

EASY ACCESS!

No steps makes this two
bedroorn 11/2 bath condo
ideal for seniors or people
needing wheelchair acc-
ess. A huge private patio,
laundry on each floor &
just steps from shops &
bus make this well worth
viewing. Call for your
appointment.

$159,900.

. aE ER
AN Ona INTHE CITY...

Only 3-2 bdrm units left in this 10 unit building. Super quality with merit cabinets, §
soaker tubs, gas fireplace and spectacular South Westerly views from rnultiple ¢
decks. Lots of planters and flowers make you feel right at home. Please come §

to the open at
118 EAST 28D THIS WEEKEND

PREFERRED LIVING
& Right on the quiet side of Grand Boulevard. This brand new home is nearing
, completion.; Over 4860 sq.ft. of first class construction. This could be your
: dream home so call for details.

$199,900 | ACRES OF GARDENS

IN WEST VAN
Fabulous condominium in
concrete building. 2 bed-
rooms, 1 1/2 baths, updat-
ed kitchen & bathroom. 2
parking spaces. Fantastic
poo! area and lodge. A
must see at $199,900

BRIAN MACLEAN

980-1511

TOTAL PRIVACY
Fantastic 2 bedrrn suite on
quiet cul de sac. Close to
shopping, well maintained
building. 1 1/2 baths.
Newish carpets, large pri-
vate balcony backing to
beautiful trees and stream.
Shows immaculate.
$189,909. To view call

BRIAN MACLEAN

980-1511

[FREE MARKET EVALUATION

BRIAN MACLEAN 980-1511

21 YEARS
OF REAL ESTATE EXPERIENCE

12 YEAR GOLD MASTER
MEMBER OF M.L.S. MEDALLION CLUB

INDIAN RIVER
POPULAR HARTFORDLANE —

B Largest plan in the complex with over 2100 89.ft. finished. Bright & cheery ond unit with 3 bdrms, 3
baths & many custom finishings. Sunny south exposure & sliders to garden pai

f OPEN SUN 2-4. 67-4909 INDIAN RIVER

REDUCED

SURPRISE

NO STREET NOISE
9 Seautiu spacious updated rancher with pretty ficwering gardens. Near wave pool & jusi minutes to

town. A REAL BARGAIN AT $278,860