Friday, April 11. 1997 — North Shore News ~ 74

: . LLNS REET ANE OPEN
an i
4 m
: a ; . ri ve
4 { j

_ me LOWER mortgage rates
w attracted more buyers to the
housing market in the see-
ond half of 1996, according
to the latest edition of
Mortgage Market
released recently by
A Mortgage = and
Corporation (CMHC).
The total of outstanding
mortgages is now 4.2% high-
ger than it was a year ago.
“Low mortgage rates and
an improving employment
@ outlook will help the hous-
ing market recovery and
increase. mortgage lending
further this year,” said
: CMHC senior economist Ali
a) Manouchehri.
Another article in
Mortgage Market Trends dis-
mcusses home ownership and
renting options. According
Sato the Bank of Montreal’s
a Housing Attractiveness
Index, which compares the
eee costs of renting and buying a
Bthree-bedroom unit, buying
ja home is now a more attrac- \ . ; : . :
tive option than at any time : : - a . a : ae om .
Mince 1968. NEWS photo Cindy Goodman
" “More than 95,000 per- 2 ®
masons took advantage of the Ma ical setting
menitiative to buy a home in -
996,” according to
mManouchehri.

THE Deep Cove watertront is the essence of peace and tranquility on a lazy weekend afternoon.

“7 -Come.discover why you should live in the Parksville/Qualicum Beach areas :

4

WATERFRONT
* 1.2 acre estate like property * Gorgeous custom home * In-ground pool * Shop * Greenhouse *
$599,000

RIVERFRONT GOLFCOURSE
“ Over | acre of privacy * Sprawling 3 bed rancher * Delightful 2 bedroom rancher * 2 baths, famil
* ‘Tucked away, minutes to town * 10th fairway at Eaglecrese

$295,000 $199,000

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