Rental
units
scarce

VANCOUVER REMAINS
one of the most difficult cities
in Canada to find rental
accommodation, according to
the Rental Market Survey
released by Canada Mortgage
and Housing: Corporation
(CMHC).

The vacancy rate in Metro
Vancouver declined to 1.3%
this April compared with
14% a year ago.

“Declining consumer con-
fidence has. caused many
potential first-time home buy-
ers to take a wait and see atti-
tude, which has increased the
demand for rental housing.”
said CMHC analyst Ray
Toscani.

He added that the vacancy
rate is expected to fall to 0.8%
by October of this year as
fewer new rental! buildings are
built to meet this growing
demand. The average monthly
rent for a one-bedroom apart-
ment in Metro Vancouver rose

= ae 1.3% during the past yeur to
NEWS photo Cindy Goodman an average of $628.

THE NORTH Shore News’ photographer didn’t have to travel far for this assignment. A tractor-trailer delivering materia! to the News
accidentally knocked a full-size fork-fift over recently. The Library residential development is going up behind the News' office.

1] Location. 2] Style. 3] Value.

The Library's convenient
central Lonsdale location is only
part of the story. Close to
everything the North Shore

has to offer, with easy access

to downtown Vancouver only

20 minutes away.

The Library is one book you can
judge by its cover. Beautifully
designed inside and out, these
homes, some with fabulous
views, are packed with special
features. It's no wonder that the
Library is the North Shore's
‘Best Seller:

CHESTERFIELD

W43TH

LONSGALE

The final chapter of the Library's
success story is unbeatable value.
These beautiful 2 bedraom
apartments starting from just
$189,900 are now within

reach with our Super Special
Financial Package.

Don’t miss your
chance at the North
Shore's No.1 Bestselier —

only AT ieft!
{0

1€
Lib
Visit our Presentation Centre,
located at 150 W. 8th Street,
North Vancouver.
Open noon —- 5pm daily
(closed Fridays} or cail

Jacqueline Ashworth
Tel: 984-8421 Pager: 650-4750.