64 - Friday, Murch 25, 1988

i

- North Shore News

REAL ESTATE

study reveals change
in buyers of homes

THERE WERE some
noticeable changes in the
type of people who bought
homes in 1987, according to
a major study recently
teleased by Royal LePage.

VANCOUVER
1986/1987

ae n
ied:

30-39

ted

40-49

place by the baby boom
generation.

The Royal LePage study is
one of the largest of its kind
in the world. Over 32,000

Canadian home buyers were

1986,
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seh rp

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.; 2

50-59

Source: Royal LePage Residential Real Estate Services.

The analysis by the realty
firm revealed a number of
interesting trends, including
the large number of single
women buying homes, the
number of seniors buying
condominiums, and the
dominance of the market-

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THE ULTIMATE FIN RESORISTITE LIVING
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sampled in 1987, including’

more than 3,200 people who
bought homes in Vancouver
last year.

‘@ Nationally, first-time
buyers were still the largest
segment of the market, ac-
‘counting for 36 per cent of

‘ hie fen,

FEATURES INCLUDE:

*Gas fireplace ° Private courtyard entrances

all homes purchased in 1987,
However, the number of
families (with children) pur-
chasing homes increased
significantly, rising from 32
per cent in 1986 to 35 per
cemt in 1987, There was also
a large increase in the
number of multi-time buyers
(people who have bought
more than two homes in
their lifetime).

* Vancouver home buyers
were older than purchasers
in other parts of Canada in
1987. Home buyers over the
age of 50 purchased 21 per
cent of all homes sold here
last. year. By comparison,
home buyers over 50 years
of age in Canada represented
16 per cent of the marketp-
lace in 1987.

® The baby boom genera-
tion (defined in the study as
those under 40 years old) is
still a driving force in the
residential real estate market
in Vancouver. Last year,
buyers between the ages of
20 to 40 represented 57 per
cent of all purchasers in
Vancouver, while Statistics
Canada (1986 Census)
research indicates that only
48 per cent of the adult
population in this city falls
into that age group.

ein terms of the house-
hold size of home buyers,
Vancouver continues to have
one of the highest propor-
tions of single people buying

See Detached
Page 66

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HOW TO LIVE ROYALLY IN YOUR RETIREMENT

Soph
oa dileae

© Country style kitchens © "G.E.” kitchen appliances
° Master bedrooms with Roman tubs « Wall to walt
carpets e Large storage area e Attached carports
¢RYV. parking «© Lighted landscaped grounds
e Private entrance gates ¢ Activity friendship cen-
tre © Party, craft and outdoor facilities * Security

intercom.

Just completed 9 hole putting green and lawn

bowling court.

© Topping all of this off is our central location, close
to many churches, tennis courts, swimming pool,
curling club, library, MS.A. Hospital and 3 major
shopping centres (Eaton's and Woodward's) and for
you golfers, only 5 minutes from Ledgeview Goll &

Country Club (memberships available).

PEPEEEEERESE REESE EEE SEE EE ESET EERE SEEE DERE SEES DEES EEE

Before making a final decision on
your retirement home, you owe it
to yourself to see
CROWN POINT VILLAS

INTRODUCING

An attractive 9 Unit Townhouse Development featuring large 2
bedroom, basement homes.

LOCATION:
A superior address, 1 block west of Central Lonsdale at the south-
west corner of 18th and Chesterfield.

It is situated a few short blocks from Supermarkets, Banks, Medical
Clinics and dozens of specialty stores of every description.

Transportation 1 block east at Lonsdale.

A FEW OF MANY DISTINCTIVE AMENITIES:

— 2 large bedrooms, both with full ensuite up, plus powder
room on main floor. _

~— Finished basements with skylights

— Fuil range of custom appliances with excellent Sears
warranty and back-up service.

— Quality carpets, stain resistant with 5 year warranty by
Peerless. (Colour selection available.)

— Large family kitchens with eating area and direct access to
a private patio.

—- Wood-burning fireplaces. -

—— Two car parking in security garage with direct access to

each unit.
— Prices from $155,500-$158,500.

OPEN FOR INSPECTION
Weekdays 2-4, Sat. & Sunday 2-5
or Anytime by Appoiniment

Enquiries 985-6185, eves. 984-0144
(Courtesy to brokers)

A DEVELOPMENT OF CAN-AM PROJECTS LTD.

And still be...

* 40 minutes from ocean
beaches ¢ 60 minutes from
_ downtown Vancouver.
In a quiet residential setting
of the Matsqui/Abbotsford
area, Crown Point Develop-
ment Corperation offers a
premium selection of quality
residences. From the 1,250
sq.ft. garden court patio
home, to the two-storey
cathedral-styled townhouse,
and the elegantly appointed
executive villa, these homes
stand in a class by
themselves.

Monthly maintenance
fee of only $100 includes:

Security checks CO .
Heating 0
Electricity O
Water 0
Fire & Liability Ins. 0
Building Maintenance. 1
Lawn & Garden Maintenance
Grounds & Yard Lighting: O
Garbage 0)

Shop and compare
your present home operating costs,
then, ‘phone

Susan Shannon (604) 852-3188
Crown Point: Development Corp.

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