Country kitchen features corner

SPENT at

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m= [a[alalee
'. PLAN No, 64-1767,

—————

, Manager...

© Railed verandah, multi-
paned windows and dormer
provides nostalgic charm to
this three-bedroom heritage
home.

® Living room features ma-
sonry fireplace and elegant
French doors to rear veran-
dah.

© Informal area of the home
tevolves around country
kitchen with roomy

counters, pantry, fireplace
and log storage.

© Sliding glass door opens
to patio, with built-in
barbecue.

.© Railed gallery views foyer

below. :

© Master bedroom features
bay window and his and her
wall closet.

© Ensuite offers whirlpool
spa and shower.

© Send for Canada’s largest
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home plans, including a
wide variety of architectural
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Survey shows first-timer. surge

A HIGH level of first-time
home buyers sparked the
Vancouver market during

. the first six months of 1992,

according to a national real
estate survey .

Despite an 11% increase
in the average selling price
of homes, the Royal LePage
Survey of Real Estate Con-
sumers. found that govern-
ment "incentives, coupled
with lower mortgage rates,
led to a record increase in
the percentage of first-time
buyers.

“First-time buyers tradi- «

tionally, account for 25 to
30% of all purchases made,
but in. the first six months
of the year ‘the rate jumped
to 34% — the highest per-
centage we've. ever
recorded,’’ says Larry
Ferster, Royal LePage
vice-president and_ regional

aes YOUR HOME: WITH. ME AND
PREPARE TO: MOVE.” oe

“QUST LIKE "BRAND NEWI".
“A ‘completely renovated south facing one bedroom with glassed
: Inbalcony and stunning” 180° views. A must see @ at $144,500.
: Call now to view.

“The. lowest.
/ Mortgage: rates vin many. *.
~~ "years, the 5%: downpayment m
_ plan; and. the. RRSP” :

ownership . programs all
acted as catalysts.’ Los
The proportion of first-

time buyers was particularly

high in the first quarter
when the two incentive pro-
grams .were introduced.

More than 26,000 applica-
tions for the 5% downpay--
ment’ program were approv-.

ed nation-wide in the three
months after it was an-
nounced by Canada Mort-
gage and. Housing Corpora
tion in February. :
First-time buyers -
counted for 36% of ail pur-

chases in Vancovuer in. the «:
first quarter, with that: Tate’

declining to 32% .in the se-
cond quarter. © ;

While the trend is" posi- |
“first. half-ia Vancouver. On-
yy ee with 59.1%: had :

tive, Vancouver still ' had
lower first-time buying ac-.
tivity overall than most. ma-

jor cities in . Canada. The - '

Royal LePage’ survey. sho:

A RARE: FINDI”

Hear the: sounds of the’ river while
overlooking the Seymour Valley in this
three year young custom. contem-
porary with 3 bdrms, 2 full baths, plush
‘broadicom. Lovely decor: &° doubl
garage. $288,500! _Come. “see

‘$28 Heritage Bivd. a

“UBRAND NEW — GST. INCLUDED” .
When they view this exquisitely crafted architect designed up- "
per Lonsdale contemporary with gorgeous hardwood, gourmet -
kitchen, extra special master ste., in floor radiant heat plus

fauch more! $400s. Come see at 305 Wellington Drive off

“ATTENTION.
HOMEOWNERS”

FOR NINETEEN: YEARS, MY CLIENTS
HAVE ENJOYED AN EFFICIENT AND

Braemar Road.

. “PERFECT COVE LOCATION” — . i
. Backing ento new elementary school, just minutes to beaches,j a
parks and marinas plus 2 solid open plan. 3 bdrms with 2%
baths, huge rec room down, 2 fip's. All on a level 50x120 lot.
$254,900. vy 5% down!) ‘

PERSONALIZED REAL ESTATE SER- |
_ VICE! LIST. YOUR. HOME WITH ME AND
“A WILL TURN IT TO SOLD "SOLD"!

buyers entering the market.:

Tororte’s rate was 50%,
while. the national average
was 37%.

Vancouver .also had: the a
lowest percentage of. young. - :-

buyers. Those aged 26 to 29
accounted - for. 15% ..of all:
purchase transactions during

.the first halfof 1992. Na- .

tionally, “young” “people “in

this age group accounted for .
: 22% of all transactions...

- Among the. other: fi * dings ,

“inthe. Royal LePage Survey

of. Real Estate Consumers: .

“UPPER LYNN'S BEST!” *
. . 14410 DEMPSEY. -
You'll be pleased when you view thie delightful 3 beima: 2 level
home in immaculate condition with cozy rec and family, Teom -
down, 4th ogrm or den and bath. New.deck plus asy care

_ tot. $27

Quiet secluded cul-de-sac lot with total privacy plus a modern:
“4 bdrm contemporary home with 3 full baths and gorgeous: