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REAL

82 - Friday, May 14, 1993 — North Shore News

ES

1993 housing starts down

HOUSING STARTS fell
13.6% to $45,500 units
seasonally adjusted at an
annual rate (SAAR) during
the first quarter of 1993,
reported Canada Mortgage
and Housing Corp.
(CMHC).

also

eradual

economy's
Gilles
economist

During the fourth quarter
of 1992, housing starts had
reached 168,500 units
SAAR.

“New  canstruction
pulled down during the
January-March period as a
result of exceptionally harsh
winter conditions mainly in
Athantic and Central

was ser,
showed

Lr da
MEE

a SHYAM HIR

sFOR RESULTS!

CALL
985-0654 Home
686-4876 Pager

Canada, The lower activity
reflected the
weakening of the
market during the closing
months of last year and the
pace of the
upturn,””
Proulx,
at CMHC’s
Market Analysis Centre.
Starts fell at a similar rate
in urban and in rural areas.
Within urban areas, howev-
multiple-unit
resilience as this
type of construction is
becoming more
especially in the West.
Ontario starts fel! 18.9%

to 42,600 units SAAR as the
decline in most market seg-
ments was compounded by
a low level of construction
started under provincial
social housing programs.

Starts levels in British
Columbia slipped 7% yet
remained strong at 41,300
units SAAR. The trend in
multiple-unit construction
was actually up as scarcity
of single lots and high prices
reduced single-detached
dwellings activity.

sharp
resale

said
chief

starts

CMHC'’s revised forecast
for 1993 and 1994 will be
issued in May.

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240-2800

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986-9321
984-3338 res.

BACHELOR PARTY
1303 - 2016 FULLERTON - $713,900 F

OPEN SUN. 2-4

# © 534 Square feet
2 @ View
g. © Bright
© Updated
* New tiles, paint & carpet
© Easily converis to 1 BR
#317 - 2012 FULLERTON
$102,900
° 486 sq.ft.
* New paint & carpets
° Ty 5% down
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Por. 623-5561
Kome 980-2228

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xx Room tor the inlaws
® Get inside before it's gone

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623-7374

LOCATION AND PRICE
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For mora info call Amir at
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