Starts
in July
falter

METROPOLITAN
VANCOUVER housing
starts in’ July. slipped
“back to 1,171 units fol-
lowing a | relatively
strong showing .last
month at 1,577. units,
according to .Canada*-
Mortgage and Housing
Corporation (CMHC).

July starts were 30% lower
than in July, 1994, “The
decline was most notable in
the single detached starts.

“The housing starts are
on hold.: Most apartment

condominium projects are -
sitting in the sideline wait-
ing for pre-sales before
“starting =" construction.
Ground: oriented develop-

ments are awaiting further.”
depletion of unsold inven-
tory.” said Luca Su, market’
analyst. with CMHC: in

Vancouver. “Stronger real .

: —_ ae . . : : anrenvertht estate sales activity. will be

: NEWS photo Brad Ledwidgn =f = required to revitalize. new. :
‘ construction activity in the: ~ :
Pa rk ate Place ; ne second half of this year.” aa
g : | : ; CMHC, Canada’s feder-.
| ul housing: ‘agency, publish: :

OVERLOOKING MOUNT Seymour Provincial Park and the soon-to-be-completed Northlands Golf Course, Parkgate Place is one of | es - local,’ regional “and

‘the most recent. additions to the booming east side of the North Shore. The devefopment features a cluster of single-level condo- national reports on- the
minis | priced from $219, 800. ; ; ; - housing industry. : :
; : : ; “ : Housing «starts are: ‘a

: - ~ - ane leading economic indicator...

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~ STRATHAVEN
ESTATE: TOWNHOMES .

home the outlook i Is gre, : ae Et 3 Bedrocims, dauble garage, senii detached
: : ;, Pre-completion prices se’

~ luxuriant and serene. Inside, of ; ae —— re
: noe EEE es $314,900.

“Tike conser "atOry windet or f omy May to S495)
vaulted dining rooms, country
kitchens or, skylights,
freiaces lavish baths, and an
air of cultivated, tranquility
~ Outside, you're surrounded by
mature evergreens, i natural!
wereek,-a wildlife corridar x to
Mc. Seymour:P: ark and an.
adjoining ¢ golf coursé, ;

_ STRATHAVEN. So g green, ; ; L ,
"So West Coast. And 15 iplans a ae ” APARTMENT RESIDENCES.

2 Bedrooms, 2 Bedroam with den,
— some with family room and loft ©

Pre-campletion prices:

from $2 10,000

fEstamated occupaney Dee,'95)

“to choose from. ‘|

nh oft Mu Seymour Parkway at Sirathaven Drive NORTH v \NCOUVER Tel: 929. 758)

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Nor