First-time buyer bonanza

FIRST-TME BUYERS look-
ing for a resale home have
had a wide selecticn to
choose from in most markets
in Canada, according to
CMHC.

In 19 of 23 centres, over
half of the resale listings
were affordable to potential
first-time buyers based on
the average mortgage rate
during the first half of 1994
— 7.6%.

Only in Victoria (13.4%),
Vancouver (31.6%) Ottawa
(39.8%) and Sudbury
(47.7%) were affordable list-

ings less than one half of the
market.

For all 23 centres com-
bined, 59% of the resale
market was affordable in the
first haif of 1994.

Record-low mortgage
rates early in the year helped
widen the selection for first-
time buyers looking for
resale homies.

Since last June, the shzre
of affordable listings rose the
most in St. Catherines,
Calgary, Trois-Rivieres,
Hamilton and Hull. Jn St.
Catherines and T-ois-

Rivieres, overall listings fell
over the last year but what
was put on the market was
more affordable. The result
was a big increase in the
share of lower-priced listings.

First-home buyers saw

their choice widen greatly in
Hamilton and Hull as many
more affordable houses were
put up for resale.

The share of affordable
existing homes on the market

fell in only six centres over

the last year; Sudbury,
Ottawa, Windsor, Halifax, St.
John’s and London.

Joyce M°Donald

988-6131 24

HOURS

YCU’VE BEEN WAITING
FOR THiS ONE!

The “Maples” - this is the nicest
hore in one of the North Shore’s
most sought after townhome
cominunities. 3 bdrm., 2 bath &
ensuite, updated contemporary
styling, skylights, located near the
Seymour Golf & Country Club
plus a beautifully landscaped
atio. This is it! Don’t wait any

longer.
#506 - 4001 MT. SEYMOUR
PARKWAY

JOYCE MCDONALD 988-6131

Jim

Wheatley

131

s

$485,000 | a

NEW LISTING
AMBLESIDE VIEW
HOME

ry

Friday, September 16, 1994 - North Shore News - 49

YOUR EXTRAORDINARY TOWNHOME

i Living room with woodburning fireplace opens to private sunny south facing :
4 garden patio. Skylited kitchen has eating area. 3 bedrooms up with master ¢
f ensuite and partial view balcony. immaculate ~ shows beautifully. :

419 ST. ANDREWS, NORTH VAN.
Call Cam 645-3610

Arinur Ng
B.A., Dipl. T.

ARGOSY GROUP

REAL ESTATE SEAVICES
An cepandantly Onried and Oparried Member
Gi the Coldwall Barker Affilaias of Canada

Expect the bests

Coldwell Banker - The Argosy Group is proud to announce the
appointment of Arthur Ng, as the new manager of the North
Vancouver operations. He brings with him a unique, progressive
tnanagement style and approach to promoting a sirong cohesive
team of accomplished sales professionals.

Coldwell banker welcomes fellow realtors to drop by and see
Arthur and his dynamic saies force in action. Expect the Best

and watch us grow!

Re ON ES
re . i .
“FABULOUS V

This home is a buyer's dream, so §
bright & clean, it shines. Fully fin- &
ished on 2 levels with many §
updaies inciuding kitchen & baths.
Great water view. Beautifully land- @
scaped yard.

MYRNA O'BRIEN 988-6131

eet but this

& water view.

mained 3-4 bedroom,

gpl split level, new roof, H/W
floors, big C.D.S. lot.

“arge hot tub facing fabulous
view & sunsets. Gourmet kitchen -
solid oak cabinets & floors, fascinating
interior with too many extras to
mention. Price reduced for quick sale.

~ HERE’S SOME
MOVING NEWS!

PHYLLIS CULLEY has recently joined COLDWELL BANKER - The Argosy
Group's North Vancouver office.

at 2 ~ .
He Meat? a

ne eT ree Se P ,

$7,750,000 BREATHTAKING
~ WATER VIEWS

This sun-drenched “close-in” &
waterfront hcine offers 5-6 bed- §
rooms & 3 full baths. With the 4
kilchen, living, dining rooms all
downstairs, this unique “open”
floor plan is very appealing. To
view this beachfront home, please
come by 3136 TRAVERS AVE.

JIM WHEATLEY 988-6131

1902 CLIFFWOOD
RD.

So private you can't see it from
the street, this home is a great §
buy with new roof, paint, carpets ff
etc. Extra accommodation down. &
A bonus is the nice view of The
Cove. 3-4 bdrms, 2 full baths, 60
ft. fot.

After eight years in Medical Supply Sales and several more in O.R. Nursing,
Phyllis has chosen to enter into the Real Estate Profession. We believe that
her natural, caring ability with people will take her far in her new career.

We encourage friends and past colleagues to contact Phyllis at her new office
at 988-6131.
EXPECT THE BEST

MYRNA O'BRIEN 988-6131