REAL ESTATE
More qualify for 5%down

THE ELIGIBILITY
requirements for 5%
downpayments on feder-
ally insured mortgazes
have been expanded to
make it easier for
divorced purents or fumi-
lies who have had to
move for employment
reasons to acquire a
home.

The announcement was
made recently by the
Honourable David C

ble tor Canada Mortgage and
Housing Corporation
(CMHC).

The original eriterta for
the First Home Loan
Insurance CPHEA) pragrani
restricted wecess to US
mortwiave financing to those
who have not owned a house
for five years.

This denied uceesy to the
progranvto seme households

who had tost the benefit of

previously accumulated equi-
ty due to circumstances
beyond their control,

CMHC will now consider

Wustifnable exceptions to the
frse-year eligibility: require
ment lor hardship: situations
stichias:

eamarital break-up, melud-
mg comuton- law cehition-
ships:

* changes in geographic loca-
tions for employment purpos-
est and

* loss of equity due to a dete-
riorated housing market,

The local price ceilings
for homes eligible for tinane-
ing under this initiative still
remain inettect.

Erauy, dune 17, 199d - North Snore News - 7

| 986-9321

(24 HRS.) 7 YEARS

R oe J $309,000 |
ner Or ty eens

t

e

Immaculate 8 years young, 5
bedroom home with 2 bedrooms,
fully developed aboveground
basement, 2 1/2 baths and a
great mortgage helper, welt land-
scaped level lot & close to all

amenities, view by appt.

475 ORWELL.
INCREDIBLE VALUE

NO GST

'
:
i
:
|

Dingwall, Minister responsi-

Better than brand new 1 year |
young family home with 3 bed-
rooms on main & 2 bedroom
fully developed basement. 2 1/2
baths, lots of storage & quality
throughout. Well landscaped
level lot in a family oriented
neighborhood. Close to transport,
school & shopping. View by appt.

1588 BOND ST.

Sergio Cacciotti
687-2140

SENTINEL HILL
NEW LISTING
950 JEFFERSON AVE.

. . 7 - BACK ON THE MARKET
Rare oppertunily to buy a delight- '
B ; VIEW

ful split level home. 4 bedroorns,

a sunny kitchen nook Overlooking

sunken family room, 2 cozy tire. A _ BEST DEAL IN TOWN

places. strip hardwood fioor: and ; si 3 atte “ $88,900

more. 1 8 Him Aa f f immaculately appointed 1 J

A perfect combination, comer. By : : , bedroom: in Centra! |

able home. choice tocation and ;

well priced at $445,000 - Lonsdale, new carpets & f
paint throughout. Some

Please call Sergio ;
Cacciotti 687-2140 updating in the bathroom. A §
must see! :

Sutton Group Locarno . 10323 ST. GEORGES
228-0096

Experience unspoiled natural beauty,
unequalfed desiga. the ultimate sccurity of
concrete... situated on the edge af 7.500
untouched forested acres, Site level
living offering the finest in finishings.
Enjoy extensive use of ghiss block, and
your choice of solid hardwood or marble
flooring.

Choose from remarkably spacious one,
two. and three and dea designs up to an
expansive 2.608 square feet of perfection
priced (rom $485,900 to $409,900, An
exclusive selection of caccutive
townhomes are also available,

Visil our presentation centre and display
home today, Open for viewing daily from
noon to épm. except Fridays.

1500 Ostler Court, North Vancouver
Call Georg Hauschild 929-6587
Pager: 686-6095 ~
> Realtors S
WN warmly welcomed, AAA

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Mars naes
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A INDIAN RIVER DR.

PARKGATE @
VILLAGE
DEEP COVE =)

MI. SEYMOUR PARKWAY

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NARROWS SRIOGE