58 - Friday, January 19, 1996 - North Shore News

NEWS photc Mike Wakefietd

LEFT TO right: Rachel Pollard, Bryn Johns, Mona Materi and Anette i.acroix — workers with the North Shore Racycling program
— take in a fun-filled night last month during the North Shore Economic Development Commission's annual open house.

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NOVEMBER'S RESIDEN-
TIAL sales, province wide,
were like the weather says
Rosemary Bames, president
of the British Columbia Real
Estate Association (BCREA):
“Dull, with a few bright spots.

“Sales in November were
down 379 over the same
month fast year.” Barnes
reports. “Last year, 5,158
properties were sold com-
pured to this year’s 4,779."

But there have been some
bright spots. Buyers have a_
large and competitive inven-
tory of homes to choose from,
which tends to moderate mar-
ket prices, The recent decline
in the mortgage rate brings
more homes into the buyer's
affordable range. And while .
almost all areas of the
province are seeing a slow-
down in their markets, hous-
ing sales in the Kamfoops and
Vancouver Island Real Estate
Association/Board areas
have, since September, been
better than in the previous
year.

“Traditionally, the winter
months have not been busy
ones for housing sales," says’
Barnes. “But for the deter-
mined buyers and seliers, it
can be an opportune time to
strike an agreeable deal.