B18 - Friday, October 19, 1984 - North Shore News

PRESIDENT SAYS

No need to wait
to buy homes

“THERE IS no point waiting
tor house prices and interest
rates to tall before buying a
new home,’ says Michael
Audain, president ot
Polygon Properties Limited,
one of British Columbia's
largest residential developers

“Naisitors tO Out sdles of-
tices im recent months like
ourhomes and admit that our
prices represent good value
but they seem to beheve that
by postponing buying, they
will be able to get a better
deal ain the future.” says
Audain

To refute this, Polygon
sales offices are distributing a

brochure ino which Audain
arpues that there is) little
Lkhelhhood that Vancouver

area home prices will drop
further because the costs at
labor, construction, and land
have bottomed out

While Audain
Mortgage interest
tall next vear, he
this will simply
house prices to
thereby negating

believes
rates Could
asserts that
allow
Move

new
UP,
the wisdom
oft holding off buying now
“There
tremendous

seems ta beg
lack ot

COT

fidence in the future of the
BC economy aul there.”
adds Audain “oO 1o overcome

thus T beheve that the prowin
cial goxernment should show
more leadership in conving
ing British Columbians that

we have a tremendous tuture

ahead of us in Pacitic Rim
trade

“A ten) Near economic
development plan tor B.C.

Should be created in conjunc-
tion with the business com-
munity. Burin the meantime,
I have to convinee young
families that it's sate to buy
our houses. This as not really
difticult because | tirmly
behreve that the mght time to
Make a major tnvestment is
when the market has been
sott and ts starting to titm up
again. Thisis happening right
now

Audain expects home
Prices to return to their
record high 1981] levels when
the BC economy recovers
and people start to move here
im great numbers again He
emphasizes that he hopes this
house price mflaron does not
happen tog quickly, because

escalating land prices Could
force Polygon to withdraw
from the home building

Market asthe Company did in
1980
Polygon ois presently
4758 homes on
Vancouver, Burnaby. Rich
mond. Port Nloods and West
Vancouver The firm moved
ts head office this month to
Metrorown place. a 20 stores
gold tinted Office
burlding it developed near the

AILRI

developing

Blass

fine ain Burnaby

Crest Realty Ltd.

DOO Westview Shopprieg Centre

st} |

OBO 9544

. Ee

Parpertertee crethrtestaacrt

[1435 BERKLEY |

SCOTLTL
YRR YROY

| FEATURE HOME.

NATURE HETREAT

?

oy i
BO

SUPER VIEW TOWNHOME

FIRST ON YOUR LIST

KESUL 1s!

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Buyers and sellers

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north shore

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Summa y

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986-6222

985-1321

eee
LEVARD STARTER

v

Crest Realty Ltd.

650 Westview Shopping Centre

985-1321

THE SADLER TEAM!

CLIFF SADLER
988-3556

GOS ic apy,
WHAT A
Sbdi Ous + DAM

Fos

SUITE DEAL!

home with

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ae:

JOIN THE RENT REBELLION!!
Large 1} bdrm condo just steps away trom

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© pbdrms

law

RON CHUNICK
988-1375

TERRY SADLER
929-4373

LETS BE PRACTICAL!! :
2 barr home plus 2 bdrm architecturally
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CONSIDER TH "
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prced to sell! 449 Lilooet

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SE
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