B8 - Sunday, Jane 24, 1984 - North Shore News BE business |p| ehold the house! Your house, your home, your castle, if you really prize it. It shelters you from the ex- cesses of the season. It is your retreat and sanctuary from the ordeals of the daily con- frontation with traffic and the work place. You raise your family there. It is these and many other things, pro- viding you with a host of ser- vices, and comforts, utilitarian and theurapeutic. But for a moment let us look beyond the fundamental aspects of your house, your home. From a realistic in- vestor’s point of view it can be something like Pandora’s box, full of ideas which can earn you money or save you taxes. Several words of caution, however. These suggestions are not for everyone. Your home in many ways is your first and last refuge. Don’t gamble with it, or change its status, unless you know precisely what you are doing and have a well-thought-out plan of action. em om Having said that, consider these options and opportunities: It is the greatest asset most people will own in a lifetime. It has real value (as in ‘‘real’’ estate), particularly if you have paid off your mortgage. If you still have a mortgage, one of the wisest investment decisions you can make ts to increase your payments, both by Bill Ryan fe | in terms of time and amount, as much as the mortgage- holder will allow. On the other hand, if your house is mortgage-free, you have an outstanding security against which any lender will let you have funds for investing or whatever purpose you have in mind. Remember, if you borrow against your house and use Home is where the assets are the money for investments the interest you pay should be TAX DEDUCTIBLE. For many years, of course, certain astute investors have been taking advantage of another strategy. If they have both a mortgage and an in- vestment portfolio, they substitute or reverse the roles of the mortgage and their portfolio, so that the mor- tgage interest becomes tax deductible. To explain in a few words, they sell their in- vestments (stocks, bonds, whatever), use the proceeds to pay off their mortgage, then borrow money by taking out another mortgage on their house and use these mortgage funds for a new in- vestment portfolio. Because the mortgage money was bor- rowed to make money, the interest should be deductible. There can be complications, but this strategy has worked for many. uM - And there is a ‘‘whole new ball game’’ involving your house, or more specifically your mortgage and = your RRSP, which we have discussed in recent columns. This is the strategy of holding your own mortgage in your own self-administered RRSP and making the mortgage payments into your RRSP; in effect, paying yourself in- stead of another mortgage holder. Niore for the quay AS A sign of improving times in commercial real estate, the Lonsdale Quay Development Company has announced the opening of a new office building development on its 25 acre waterfront site in North Vancouver, the first private sector project com. pleted in Lonsdale Quay. The six storey building, designed by North Van couver architects Aitken Smith Carter Partners, features high quality office space and ground floor retail development connecting to a large publ deck which will provide tenants and the public with unsurpassed views of the Vancouver skyline and North mountains Shore The project isa development by pertuies Ltd oof Calgary Pentca Properties of tolooa turnkey Timon Pro for Loron compamy owned by Canachan pension funds Located between the new BC Ratl headquarters and Ic BC headquarters on Esplanade, the project” has been developed entirely by the private sector The pro rect has provided much nced ed construction jobs through the recent difficult: cconoma times Other private sector pro jects are already procecading or have been given the go ahead tn Londsale Quay Phe first residential project, a waterfront condominium development by Shelter Cor poration, is to commence construcuon during July with occupancy projected for next summer. The project’ will feature spectacular residen- tial living units with views of downtown, the harbor and the new waterfront park Also slated for commence ment this summer 15 the marketplace/hotel complex on the castern edge of the ste Developing the mult level, multi-use complex will be Intrawest Properties Lid, a Vancouver-based company that belteves Lonsdale Quay’'s locational advantages will create a superb ‘people place’ to complement the North Shore lifestyle Appointment — Notice Chuck Tragaweiser thre staff cof thren Ofte North Manager of A | pleased lo announce that Gordon Mo tas pourverd faordon oC OMmMesS to ous with a ben RQ bOuUn whet. Let us show you how to * obtain interviews e think on your teet LePage ws, Vantec ouver Heal t state meludes @ diploma is Building bechnology toon Ihe HC Institute of Technology e@axpenence i he constroe tion Held aS at estimator Gtaftsmian a menber of the Appraisal lastibate of Canada botds a tsa Medor s Gdeqree ou Beonomcs and Cooniinerce fron the Sarre Fraser University and is Cutcrentty mito tus toe and foal yeacotthe Heal t state dasttote of fe Aiplomia programe Hor che oy MaOFMOn hooks forward bor pirat deny parle oo Services ta tas oc dmer ts fron ous North Stucce Othee CAREER ACTION A 5S day workshop/seminar for managers/executives/protessianals * deal effectively with today's labor market * obtain the position you desire * Maximize your potential e make influential contacts transter present skills & abilities to another position * develop interview strategy Workshop will be held at the § xec ulve Plaza, Burnaby Fort more Intormation of to atrange a tree appointment about the success onented seminar “SUCCESS UNLIMITED” 734-0660 A.E-LtPAGE REAL FSTATFE SFRVICES LT e REALTOR HONDA CANADA Inc. is investing $9,5 million in its new Western Canada ad- ministrative office and parts warehouse and distribution centre in Richmond. The almost five million cu.ft. parts warehouse will stock 100,000 different parts in multiple quantities, worth more than $20 million, to serve Honda automobile, motorcycle and powér equip- ment dealers and customers in Canada’s four western provinces and two northern territories. Speaking last week at a ceremony marking the start of construction of the com- plex, Saichiro Fujie, presi- dent of Honda Canada Inc., said this was the first in a three-phase building program on the 15-acre site in Crestwood Industrial Park. ‘‘We are optimistic about the economic future of Western Canada and en- thusiastic about our involve- ment in providing products for transportation, recreation and commercial and in- dustrial apphcation’’, said Mr. Fujie, ‘‘and this new building and its planned ex- pansion reflect that optimism and enthusiasm’’. To accomodate the most immediate growth, before entering phase two, Mr. Fujie said, the parts warehouse has been designed to accept a 24,000 sq.ft. mezzanine and the offices are designed for modular re-adjustment to meet expanding needs. The office complex will house Honda’s Western Canada sales, service, parts, distnibution, data processing and administration and finance operations. The facility will include a service training centre in which to train Honda dealer technical personnel in all ry career changing call GORDON HO Honda builds plant. aspects of Honda automobile, motorcycle and power equipment maintenance and repairs. Combining a fully equip- ped service shop, two classrooms and a projection theatre with a complete array of audio/visual training equipment and Honda- produced programs, the cen- tre will be used to provide technicians from each Honda dealership with an advanced product service training program. According to Honda Canada senior vice-president for service, Tom Faulds, the strategy of this program is to ensure that each dealership is assured of having highly knowledgeable and skilled 1334 Main St. N.V. (near Venice Bakery) ® Roland PR1010 Printer * Text and graphics printer interface * 50-Disk flip-top file holders and more! STRACHAN COMPUTERS LTD. technicians. The 124,000 sq.ft. parts warehouse and 18,000 sq.ft. office complex, including the service training operation, was designed and is being built by Dominion Construc- tion Company Limited, a member of The Bental! Group in Vancouver. To illustrate what Mr. Fu- jie described as the com- pany’s philosophy of en- couraging youthful en- thusiasm and _ vigorous health, plans for the complex include employee recreation and fitness provisions. To underline this philosophy the company departed from the traditional sod-turning ceremony to mark com- mencement of construction. $389.00 99.00 19.95 each 2 tor 37.00 984-8500 THE WEST VANCOUVER CHAMBER OF COMMERCE THE CORPORATION OF THE DISTRICT OF WEST VANCOUVER invitation To The Business Community FROM THE WEST VANCOUVER CHAMBER OF COMMERCE AND THE DISTRICT OF WEST VANCOUVER REVITALIZATION OF AMBLESIDE VILLAGE An evening of presentation and discussion on Downtown Revitalization in Bltish Columbia and what it might mean for Ambleside Village Wednesday June 2/th 1984 BoU pm CYPRESS ROOM WEST VANCOUVER RECREATION CENTRE 780) 22nd Street West Vancouver 4 ¢ PANEL MEMBERS ° Martin Thomas, Administrator Doweltowr Revitalization Programme Ministry of Murrire pearl Altains will outhne the benefits of the progeamme and the Jong range obyectives io the revitabZation of British Cotumtta downtowns ¢ Patricia Baldwin, Planing (Consultant will speak on the dollars and cents aspect of Downtown Hewitlalsation tron tern test hand eXPEHence as a COOSA on tive cevitaliy abiooe propects ta british) © Ohurntora e Jack Henderson (dgeront Village North Vancouver will speak to Che roerc Dante perpen live on Dow to OFgaNt7e And wenplement a revital2 ation PEOgraAtnmne When peesentature ace Perc OVE QuIestiooni, Dhotss ewer bias breve merchants cot Aritite side general publ are alse y Der des bes levterrers tered chveeevitoerns, ree bare wil! Spectally organised for the vot thre wele cone