said. “Bat I would imagine Th

with the prime rate: at‘18 per sold a house for $140, 000 last:

gent’. it will: have”some spring. ‘This month, it sold .
: dampening effect.”. 7 a for $190,000. .

‘: (And for. “the aversige North: Vancouver house - -
‘person who wants. to buy'a prices are only marginally

: home - it’s: about! time. the” lower. than. those ‘in “West
4 market was dampened. Price Vancouver:.: “There’ soa
increases have ranged from.a difference ‘in. land values of
‘modest 25.per cent to;more $20,000 to $30 ,000," Bennett
, than 50 per cent on: the said. “There you're looking.

peal see Hye ent ee
_ With a mortgage ‘on. the. e figh
remaining’*. $100,000. to buy up the few houses on’:
monthly payments would be the market keep bidding up
about - $1300. Taxes are theprices. .
extra.
Mortgage companies take tules of
about 27 per cent of gross i te,
carmmings, Finncy said, “so be so many people beating a -
the average buyer would path to the real estate of-

+ Tumof the Centary
Clocks: - See. 20% -" off
* fn Walnut & Oak.

- have to be ecaming about fices. ar
$4,500 gross, permonth. As interest rates increase, - :© Hand Painted
Property prices potential buyers. are sup- . _ Blue & White

skyrocketed last year - often posed to be scared away. But”
going up as high as 50 per North Shore buyers don't
geass | cent - _bat many realtors seem tobe socasily put off. ~
_ otic for the deatal expect a slowdown in the “Demand in 1980 (for-

Porcelain Accents
......allat 20% off

all, it is the price climb. residential property) was just: :
Aftes “Tm convinced we're not short of fantaStic,” Dueck Can. madé Elf & Gnome |
people are going to have that kind of said. , Dolls and other. collectibles.
for the “

: {
drastic increase,” said One North Shore agent
Harold Dueck, North ‘told of a house that sold for
Vancouver divisional $230,000 carly in the year. It

ee ‘| president of the Greater was resold in the late spring
ae Vancouver Real Estate for $280,000 and again
bk Board. _ within the past: month for

Bennett agreed: “I'm $380,000.

: anticipating a marked Even the bargain.
an slowdown of activity (in the homes have been swept upin
_— real estate market).”
‘ “But,” he added, “I don’t '
anticipate a drop in prices.”
towards a levelling out of the” .
Y. . housing market, many ~
“Bes, everyone in the | realtors are cautious about >
coming year. .

“You can’t get any two
experts to agree.” Finncy

French fries

I think the plan should A North Vancouver
be for cveryonc. kitchen was damaged by 8
Although there should be fire which started Saturday
(some kind of residcacy evening when a pan of

‘requirements. French frics caught fire on
Co the stove.

Nosth Vancovver District
firemen found the occupant

7 of the home at 689 East
, Qucens had already put out’,

Yr

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