Al0O - Wednesday, August 25, 1982 - North Shore News

inquiring
reporter
ee

by
Ellsworth
Dickson

MANY people are now considering the
purchase of a home with the falling prices
and interest rates. For a couple of years it
has been impossible, for first time
buyers, to buy any kind of house. Right now
the big question is how low will house prices
go and what will happen to interest rates?

For today’s question I spoke to a number
of North Shore realtprs to ask:

‘What is in store for the housing market?”’

Bob Hodgson
Sussex Realty

I think that with the
very good selection of
homes now available, it is
time to buy. The really
good buys are being
snapped up. I think the
prices at the lower end of
the scale appear to have
bottomed out. I'm just
guessing, but I think
interest rates may go a
little lower.

Ron Marden
Macauley
Nicolls Maitland

If interest rates
continue to drop, prices
will stabilize. Predicting
the future of the market is
nearly impossible
because there are so
many variables. But I do
think it is an excellent
time to consider buying a
house for the first ame
buyer.

Paul Dreger
The Permanent

For the last two weeks,
Il have been extremely
busy. It is the lower
priced houses which are
now moving. | think the
prices have bottomed
out. 1 think interest rates
will stabilize around 15%.
I'm very confident about
business booming — this
fall

Chrts Charies
A.E. LePage

Interest rates are stull
coming down People arc
trying to find ways to buy
as it is now possible for a
family to buy a home
The government grants
are very helpful. We are
getting many more calls

now | think the prices of
the lower pnced homes
have pretty) well bot

tomed out

Carol W codman
Ceata Realty

losec things starting to

acli Phats because prices
and interest rates have
dropped cnough for the
avetage person fo
consider buytng a home
Also there is up to $4 000
In government grants
avatlable Losec interest
fates continuing ta drop
at least votel the
November (So chew tron

APPOINTEES to the Bowen
Island Joint Facilities
Committee and the
reorganized Bowen Island
Recreation Commission
have been approved by the
board of directors of the
Great Vancouver Regional
District.

Because Bowen Island is
unincorporated, the GVRD
acts as its “local” govern-
ment.

The appointments to both
bodies were made on the
recommendation of Georg
Helenius, the GVRD
director for Bowen Island.

Named to the _ Joint
Facilities Committee were
Fran Gregg, Linda Stan-
sfield, Ralph Wallace and
Helenius.

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Named to the Recreation
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Beetle burned | Elegance

CARBURETOR problems
proved fatal for a
Volkswagen Beetle being
driven on the Upper Levels
Highway in West Vancouver
last Thursday morning.

A carb malfunction set
light to the engine com-
partment of the bug being
driven on the highway at
Capilano bridge and by the
time it was extinguished by
West Van firefighters the
fire had caused $2,500
damage to the vehicle.

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