36 - Friday, May 24, 1985 - North Shore News Real Estate ~ Houses selling well on From Page 19 in sales activity and selling prices than others."’ Here’s a rundown of how Cormack sees the resale ‘housing market in major cities across the country: Vancouver Sales activity was good dur- ing January and February, ‘but slowed slightly in March. Because of the high selling prices of homes in Van- cOuver, activity in the residential resale market tapered off noticeably when interest rates increased earlier this year. The economy of B.C. isn’t out of the doldrums yet, but the mood is one of cautious optimism, especially if in- ‘terest rates remain stable or ‘ deciine. ; * Calgary/Edmonton Sales. in Janisary and February were outstanding — the best in two or three years. While last year there “was an over-supply of listings, inventory is currently in short supply in certain ;areas and price ranges. Foreclosures’ now represent cmuch less of a problem. Both Calgary and Edmon-. “ton are expected to benefit :from: the recently-revised “federal energy policy. :, Winnipeg —— “While January sales were sslow’ in’ Winnipég, both ‘February and March were ahead of the same period in | 1984, Resale values in Win- nipeg increased in the first quarter in all categories and all areas compared to 12 months ago and three months ago. The price increases can be | attributed in part to a shor- tage of homes listed for sale. In some areas Royal LePage reports the shortage of listings has been as high as 30 to 40 percent. Inventory, however, is starting to im- prove as potential home sellers prepare for the’ spring season. Toronto Toronto experienced a very active January and February with some areas reporting an increase in home selling ac- tivity of as much as 30 per- cent over 1984. In most parts of the metropolitan area, it’s a strong market with supply slightly ahead of demand and the shortage of homes listed for sale starting to diminish. In Toronto Centre, con- dominiums, especially in the luxury category, performed very well. Ottawa The Ottawa market’ has stabilized over the last six months, after being one of the most active markets in the country, This can be at- tributed to a slow down in the high tech industry and in the tight rein federal government has held on employment in the civil service. An increase in the number of new housing REGINA | SCHRIBER 999-6117, 986-9321 "member of M.L-S, medallion club Be BLUERIDGE —- $165,000 | level entrance home in immaculate condition with reverse floorplan and full bsmt, high ceilings, bay window in liv rm, 4 bdrms plus den, 3 full baths, Ige games rm & super rec 7 rm with sliding deor to backyard. Quiet loca- tion, fully fenced yard facing south. Rare find! Beauti 1961 Tompkins. omy . ig BLUERIDGE — $156,000 Looking for a Big property, privacy and a suite -