it safe

NEARLY SIXTY percent of.

homeowners. with NHA.- insured
mortgages selected a five-year
_. mortgage term in mid 1995,
“according to the latest edition of
Mortgage Market Trends released
-by. Canada Mortgage and
Housing Corporation (CMHC).
“This compares with the one third
_ of clients who picked the longer, five-
year term during the second half of
1994 and the beginning of this: year.
said CMHC economist Mare Pellerin.
“The shift confirms that homeowners
with NHA insured mortgages give high

priority to predictable and stable costs

ina volatile environment for interest
rates.”

‘The findings in mortgage term
selection and preferences by home-
owners in the 1990's include provincial
differences.

The current issue of Mortgage
Marker. Trends also reports that the
- Nalue of home mortgages outstanding
“rose to $336.1 billion during the April-
June‘ period, up only 0.6% from the
previous quarter, the smallest percent-
age increase since the end of 1982,

_. “With the resale market rebound
under way and the expected increase in
>» new construction, lending is poised for
a recovery.and could-show full-year
growth of three to five per cent, fol-
‘lowing a slow -first half.” Pellerin
added.

SUSSEX

“REALTY

NEWS photo Brad Ledwidge

LEFT TO right: Amy Wienmeyer, Michael Wienmeyer and Clayton Hall await the Seymour Heights children’ 3 “good as new” sale
Saturday, Oct. 28. The. sale takes place from noon to 2 p.m. at 2640 Carnation St., North Van. Info: 929-8323.

ARE YOU STILL
RENTING?

$6240 down $948 monthly mort-
gage payment (including CMHC
fee, based on 3 year term with 5%

’. down payment) $15000 down

:

$874 monthly mortgage payment
(including CMHC tee, based on a
3 year term} Excallent 1 bed suite
in Central Lonsdale. Bright west-
ern exposure with balcony, pet ok,
building 14 yrs old. For private
showing call your realtors with
spirit, David & Lisa Thon
988-1175 or drop by

OPEN SUN 2-4 PM
4103-156 W. 21 ST.

PRICE SACRAFICE...
MUST SELL

Best value in Capilano Building -
Woodcroft Estates. 2 bed, 1.5
bath, office, formal bving room &
dining room, bright western expo-
sure from itis “Sparkling New"
comer suite. Completely renovat-
ed - new carpet, paint, lighting,
Italian ceramic tiles, porcelain tix-
tures, mirror work, appliances,
and much more. Facilities galore.
For a private showing, call your
tealtors with spirit... David & Lisa
Thon 988-1175 or drop by the

OPEN SUN 2-4 PM
#804-2024 FULLERTON

Sussex Group - S.R.C. Realty Corporation
~~ Capilano Office 988-1175

Poe

SPECTACULAR VIEW TOWNHOMES |

* Private Individual roof gardens with panoramic views
Private secure, 2 car garages
Beautifully appointed throughout
Vaulted ceilings, skylights * Large rec room
Up to 2000 sq. ft. « New luxury townhouses

BOA Cie
Starting at $284,900 incl. GST
Display suit2 open | Sat/Sun 1-6
233 EAST 6TH ST. NORTH VAN ;
ST. ANDREWS HOMES, NORTH VANCOUVER INC.

BERNADETTE
266-0067, 224-6558 off.