THE WHITE STUFF : hias come d down 0 on the Lions several times recently but:

‘

“Housing starts for ex ected to exceed 225, 000" MORTGAGE RATES tightening their Supplies,

1 ct ts and will probably be. . according to the
z a "order of an0000 © closer. to’ 210,000. Ap- —_ Earlier in the year it was report.

, proximately 220,000 anticipated that mortgage .
units, according to the dwelling units will be interest rates would remain .
lates report from .. completed in 1979. steady for the balance of CONTRUCTIONAL :
_HUDAC's ' Economic . .. D ND 1979. However, ‘there were “MATERIALS |

EMA sudden” and unexpected - Lo _—— —e

’ Research Committee.. increases in July and again in ~ ‘There does not appear to Stan Reid Dave Jenneson |
' In a newsletter issued Although ‘the absorption. September. : be any significant shorti

following | a September
meeting, the committee said
this year’s starts are less than
predicted earlier, and reflect |

Bankes bs sah money y aveileble i in 1980

of now. housing continues to
be good in some ares,
others are still holding
ventories of units built ae

-

_| Chartered banks raised
their mortgage rates to 12'4

i

of building materials in't
near future, although prices
will continue to rise.

often disappears again while ski enthusiasts are forced to , walt for our r local aki resorts to me
accumulate enough snow to open thelr} runs. (Terry: Peters s photo)

ae Kray)

The Real Estate Showcase can put your home
or your listings ‘on view’ across the whole North .
Shore. When you want:to advertise in the Real

ood and wafer board

the decline in starts since the time. ago. It appears ‘that it per cent for the insured Pi
08 will increase by 5 to 10 per

beginning'of the year when. . will.be well into 1980 before ns and 12 3/4 per cent for

the seasonally adjusted rate
was below the 200,000 level.

The number of starts in
1980 could be influenced by —

the government's mortgage; generally

interest deductibility
program . (details of which
were announced September
17). However they are not
A, ;

Opening New Doors on the North Shore

a reduction in total in-

ventory occurs.

Inventories of single
detached houses are
lower. than _
multiples across the country, |
and in Vancouver the supply
of, new houses has disap-
peared altogether.

conventional loans.’ The
trust companies went as high
as 13 per cent.

Banking institutions in-
' dicated sufficient supplies of
money would be available
for 1980 building. However,
the trust companies may be

cent, plumbing products by
3 to 5 per cent and steel by
ve or 5 per cent.

price of lumber is
redicted to peak in the
ourth quarter of 1979 and
remain. high because of a
continuing, high demand in
overseas markets,

° Estate Showcase, callus.

’ Division North Shore Free Preas Ltd.

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