NEWS photo Brad Ledwidige A SNOWY owl was recently spotted sitting ona North Vancouver rooftop. aren units buoy Feb. sales MULTIPLE UNITS con-: struction lifted total housing .” Starts 7.1% in: February, off- ', Setting a sharp ‘drop in single-- detached: starts,” ‘reported: rand: ic Tporation : - Canada: Housing : (CMHC): Mortgage. “Total starts*rose|to'a sea-” : “sonally adjusted annual rate, (SAAR) of 153,100. units -. < from.a reviséd | level ‘of 142,900 units in January.-"° °° % Construction?of multiple units jumped ‘neatly. 50'per. cent.to 74,500 units SAAR ‘in February from. ‘weak: 50, 100 “units i i January.” At the same time, starts of single-detached dwellings fell 21% to’ 55,000 units SAAR - from 69, 260 units over the same period. : “The bitterly cold weather “of January and early February’ _ hit new ‘single-detached: con- struction, just as it had done to: the resale market in. January. February’s rebound ‘in multiple units construction can be traced to a strong level. : of social housing units in: : : Ontario and more normal lev- ° 1s of condominium construc- _ tion: in, British Columbia,” said Gilles Proulx, Chief LIST WITH.US. YOU COULD Economist: at CMHC’s Market Analysis Centre. - “Construction, particularly for single. dwellings, is expected to recover from the paralyzing cold in the next few months and take advan- tage of low, mortgage rates, a ‘good resale market and a healthier economy,’ "Proulx added: British Columbia urban Starts jumped to 41,800 units (SAAR) from 31,200 units, mainly due to a rebound in: condominium construction: ‘following weak figures in- January. -¢ Sales see Increase SALES OF residential prop- erties in British Columbia continue to show ttn increase in numbers over the same period Jast year, reports British Columbia Real Estate Association President, Don Lancaster. This is the second consee- utive month that the sale of residential properties in the province has shown an increase. Lancaster attributes the increase in the number of ‘homes purchased to a variety of factors. “The number one factor is morigage rates,” Lancaster says. “They are the lowest they have been in the last 20 years aud I don’t think any- one expects them to drop any tower.” “Pricing is also playing a large part in the increase in sales,” he added, “When I talk to my colleagues around the province, they all report that the houses on the market are well priced. There is enough product oa the market to favor the buyer and this has a moderating effect on prices,’ Lancaster cautions readers who are thinking of buying or selling residential property, that the figures here represent averages and an individual property in the area may have a higher or lower market value, For an accurate market value of a property readers should contact a local real estate agent. Big or small we sell them all! au tee saoatite Setsike Sueviee AS OVER (HLS, Lew Was 0 uate Wwerwosy; a ORE: "CONGRATULATIONS TO: ‘OUR , DRAW WINNERS. ~~ We just completed a very success: | ful Home & Garden Show Week at Park : Royal North. ‘We: ‘enjoyed meeting all‘of you. | DOREEN Cellular MARIANNE DECARON NEW LISTING f sain | PENTHOUSE © Your. dream ‘come, true. Ai tare “Opportunity to: own: an immaculate, ‘suite. ; Spectacular - a0 south © facing: sq.ft: “pdrm * unobstructed. VIEW. ‘Solarium ‘and “sundeck. Sauna and billiard room. . Central location, ‘total: privacy and - very ‘quiet. Must be. seen tobe : appreciated ‘Cali: today te. view, LL FAST ‘SAVE MONEY lf you need some intensive care... Cail the Care Savings Specialists! TOP OF THE VALLEY * 3 beds up, 2 down (mort- gage helper/ investment) * »fully fenced rear yard backs onto park ¢, © privacy plus * low $300’s DON’T MISS THIS CALL NOW! QUIET COUNTRY y LIVING IN THE HEART OF CITY 3 level contemporary spacious rooms 3 bedrooms large decks off living &- rec rooms. Low $300's * Suite potential 3 bathrooms (1 ensuite) CALL NOW TO VIEW. IRV -LABA 929-1084 GOOD BUY - AFFORDABLE *steps to schools and bus * 2 beds up, 4 down . + RV parking * great investment * $319,900 CALL NOW TO SAVE The CARE SAVINGS SYSTEM could save you THOUSANDS $$$. Cail irv or Peter today for details. shopping, .