$8 = Friday, Muy 27, 1988 ~ North Shore News

“TOTAL “HOUSING. “starts :
: “employment

are ‘higher. in: March,’ accor-

ding | to. the “Canada - Mor-

stgage. ‘and Housing Corpora-
on. :

Single idetached, , and

“multiples. starts ‘are. up over
: February.» March’s’ rise - is

“partly :.a’ reflection’ of “ the
“ beginning. .of® the. Spring ©
building seazon and.it-is the ©
first sign of a trend change.

“Housing starts total 1, 845"

“Actual starts ¢ are: up . by
more: thas’ can be'attributed

inthe first quarter 1988: the
trend
upward; and mortgage rates
ate favorabic ‘despite the
“likelihood of further declines
in, the next month, or’ two.
shrinking. - There isa greater
probability. of. mortgage
rates declining later ‘in the
year, : :

is still

* creases

in’ February” and .
March actual starts are. duc
entirely to seasonality. —:
Starts are up over, Febru-
“ary. in most, urban centres.
Vancouver’ starts. are. 584
units up from 506 units last
“month. Matsqui starts are 68

iL units, up -from 39° units.

Kelowna starts are 47.units

- According ‘10. ‘preliminary | “: compared to-34 units and in

“data, housing starts in.urban’
and rural areas.in B.C..total .
4,917 units this past quarter.

_ Kainloops to 23 units from.

nine units. OF the 26 ‘urban®
centres, 15° centres,

> This compares to 4,568 units; more’ ‘Starts than" ‘in: Febru-

din the first,quarter 1987.

Urban area | starts: are

re ‘units and’ rural: area

starts. are’ 276 “units. “ Last’

centres over the same Batis

last! year. Among the. larges' a: .

March... single“ detached» 29 per cent, Vancouver by 11

+945 units during.

: March’ up from 776 units i in

‘i

reading. (available, with ‘May - .

starts are‘up 22 per cent over, .. percent, Kelowna. by:30 pe
* cen and ‘Victoria by three ; °

“small. base last. year.

centres under 50,000 popula

tion show Very large: per-
gains. for ‘the’ same

it is expected April's trend

have*

Here's Ss. the fastest route
-.to an open house ©

this weekend.

The Homes et of ine Fey Nei features 2
zoned map of North’ and West. V.

your ‘house! "hunting easy.

ee eate

uding price range
number, of the complet ad, are listed be beneath’ the map.

* Use the Zone Number that appears on advertised pro-
perties.in the Homes section. Make a list of any other
along your route or in the-same zone that are

“Tot open’ but that you can check as’ your drive by

«) WOODED +’

“RAVINE: !

Vancouver office’ 922. 3150