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80 - Felday. Juno 1 10, 1994 -

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North Shore News

REAL ESTATE
Housing starts should rise

HHOUSING STARTS are
forecasted to increase slightly
to PA 7000 units this year and
166, 100 units ia 1998, froma
fevel of FSS 442 in luug,
reported Canada Mortgage
aid Housing COMHC) in tts
seeond quarter Natrona
Housing Outlook,

“The slight advance in
new construction reflects bet-
ter econamic conditions and
rising consumer confidence

wraoltsctting the impact of

recent inercuses in Mortage
interest rates.” remarked
Gilles Prout. CMHC Ss Chief

DAVID LITKE
983-4226

2 Bedroom

frconomist Actually. the out
look walls for miortuage: rates
lo retreat gradually from there
current tesa)”

The bigher feved of new
construction will come trom
higher starts: of singte-
detached homes, due le more
move-tip buyers and weoatin-
Wing flow of first-time buy -
ers,

Multiple canstructian os
expected ta hotd steady
because of high vacaney rales
for rental apartments.

As for the resale market

and housing prices, sales af

[983-4226

LISP WIRE ME YOU COVED

SAVE 50%

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esisting tomes through the
Multiple Casting Service are
expected le inch up about at
this yeatand neat ta Abb Soo
and 30,3000 untts, sespee
trels

The average pee) ol
homes an the resale market
will rise about 34 this sear,
ad 26 in 1998, The thereciase
is due to stronver demand in
mast lagal iurkets

The main factor, however,
is that larger. more expensive
homes will decount for a
growing share of transic-
hans,

DAVID LITKE

"$289,500
| BIRDS & BEES, FLOWERS & TREES

] Central Lonsdale —- Character home across
from park — 4 bedrooms — corner lot —

quiet location!

1967 MAHON AVE.

Condominium Apartments
up to 1057 sa.ft.
starting from $179,500.

Features Include:

¢ Many units with panoramic
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* Gas fireplace with marble hearth

and surround
¢ Ensuite bathroom with

walk-in ceramic tiled shower

* European-style kitchen cabinets

« Superior soundproofing

¢ Large spacious patios on the

ground floor

Special Amenities:

* Fully equipped fitness centre

¢ Billiard room

¢ Social and meeting room

¢ Secured underground parking

1737 LARSON ROAD

« Like an extra $1070/mo.?
*2 bedrooms up & 4 down
* Parking for 5 cars (RV?)

ON

IRV LABA
929-1084

* Quiet end of road

¢ 3 bedrooms up & 2 down
« Fully tenanted $1875/mon.
¢ Super investment

2049 WESTVIEW DRIVE

* 3 bedrooms, 3 bathrooms
« Spotless condition

« Large decks, ravine lot
«Very quiet

* Call to view

SAVE 5(%e
COMMISSIONS

ASK TOR DETAILS

EHSAN VEJDANI

S145,

107-357 EAST 2ND STRE

988-9571

CAPTURE THE VIEW OF
900 CITY, HARBOR, & TREES

x Imagine living in a terrific 2 bedroom,
810 sq. ft. suite located in a quiet area
next to a park. This south facing,

Mabove ground suite has view and

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Sg your friends), and lots of updates.

PRICED at $145,900
Please call:
ET EHSAN AT 988-9571

NEXT 5 BUYERS CAN SAVE UP
TO $250 PER MONTH FOR ONE
FULL YEAR!

Down Payment:
Monthly Mortgage:

$8,975 (5% cash)
$1,385

(3 Year 8.75% Morigage Term)

Taxes:

0

Maintenance: 0

There has never been a better time to buy your own home, or
move up into something special. Gables West offers the best
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This special offer makes
owning your own home
even easier — for more

information call:
James Askew
Pager: 623-0718

855 West iGth Street
North Vancouver

Open Daily: noon - 5p.m.
Closed Fridays.

MACLEAN

CR ee
LS

Sales Office: 988-2431

NEW (@) HOME