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

Condos within reach of first-timers

WHETHER IT’S a single
or apartment condomini-
um, new housing ts not out
of reach for many first-
time buyers,

In every major
Canadian centre, new
homes were more afford-

able in the first half of

1994 than they were three
yeurs ago based on the
iverage mortgage mite due-
ing this period —~ 7.6%
CMHC's new construc-

new singles, semis, rows
and apartments sold at

prices within reach of

potential first-time buyers
Sn most centres, apart-
ments and townhouses are
not the only options for
first-time buyers looking
fora new home.
In [9 centre
of the new singles
semis bought in the first
half of the year were sold
at affordable prices.

FHLI plan has more than
doubled in the first half of
this year compared to the
same period a year ago.
Across all centres, more
than half of the new FHLI
approvals in the first six
months of 1994 were sin-
gles.

However, in the high-
cost areas of Vancouver
and Victuria, apartment
condos are the mast
affordable type of new

home for first-ti home
buyers.

The number of new

tion affordability indicator
homes approved under the

shows the percentage of

PETER
MSCOMBER
985-0394

IRV
LABA
929-1084

TRY YOUR
OFFER

Great investment or mort-
gage helper. 3 bedrooms
up plus 2 bedroom suite
down. Close to parks &
transportation, huge sun-
‘deck, fenced. Vendor
wants action.

LOW $300’s

NEWS photo Paul McGrath

LAWN BOWLER Jackie Hobbs throws her hands up in disgust at her shot dur-
ing the annua! Stella Jo Dean lawn bowling tournament, held recently at the
er Lawn Bowling club on Lonsdale Avenue.

3993 LYNN VALLEY ROAD

BG
ESO uns

TERRACE

Experience unspoiled natural beaut
unequalled design, the ujtimate security of
concrete... situated on die edge of 7,500
untouched forested acres. Single level
living offering the finest in furnishings.
Enjoy extensive use of glass block, and
your choice of solid hardwood or marb:
flooring.
Choose from remarkably spacious o|
two, and three and den designs up to an
expansive 2526 square (eet of perfection
priced from $185,900 to $389,900, An
exclusive s ion of executive
townliomes are also available,
Visit our presentation centre and display
home today. Open for viewing daily trom
hoon to 6pm, except Friday

1500 Ostler Court, North Vancouver

Call Georg Hauschild 929-6587
Paper: 686-601 &

Realtors
warmiy welcomed.

1

MOUNT
SEYMOUN

CaF

UNDIAN RIVER OR

Moc Suan.
Thniy F

COLOWELL AN.

PARKGALE
VILLAGE
ta OFEF COVE —>
uf J aad

MT SEYMOUR PARAS WAY