Noveinhér 25, 198 “North Shoré News

“Unlike your. “typical Canadian City, ‘greater

Vancouver hasn't got anywhere to expand.
Lodged between the North Shore Mountains, the
ocean, ‘the bordér and a more-or-less solid block

A ‘NORTH Vancouver
man, charged with rape and
three counts of ‘indecent
assault, will go before North
Vancouver provincial court
February 9 in a preliminary

nection with “the: rape and
indecent assault on a 16-
year-old girl which may have

been..made. with the use of .

hypnosis.

economic situation.

But well before that, the
shape of the city at large was
being determined by Mad

e trial set in NV.

Wednesday to
charges.

face the

thei sreguilar salary. back and forth*-through a: othe end o
“That was all right. It had ~ labyrinth of loopholes,- but | -
the effect of encouraging the the truth: is that. without

growth. (granted. like so
many.

neighbourhoods of apart-
ment blocks.

“In their pastel monotony,

they .won few awards for
creative architecture. But
they provided places for
people to live, and they sure
beat caves.

Then, for reasons. known .

only to the despots in Ot-

there’s a cash flow, which is
the name of the game.

In Ottawa's eyes, investors
might be some kind of
loathsome slug that slithers

them,
on geomeiric
mushrooms) of’. entire ©
keep up. with the: ‘demand: for:

nothing gets | built
except post a offices. bes
For a. while, the cond

shelter, even. ‘though
apartments were: ‘pretty. well
extinct as small investments.
Then came: “1978, . and
interest rates. “started “to
climb. Interim - financing

. didn’t look ‘so . good. any.

longer:
End of the condominium

Hatter taxation policies and tawa, that particular boom. .
of frozen agricultural land to the east, the > city tea-party style arbitrary “loophole” was plugged. About all that has kept any .
hasn't got anywhere to go except up. . changes. End of the apartment developers in the business of Tonig ht...
Pa -. It should be remembered block boom. building rental ac-’
Oh, and yes, you can have been. conceived. Ican'tt that.in 1972, the federal Investors reacted then commodation was the Atte ind h
increase the density. But believeit. . -government took the capital almost as swiftly as they did multiple unit residential tne
_ that’s about it, short of trying Except ». one it hes a familiar. “gost allowance off rental in response to the latest building program, which was Annual
to: reclaim - the Strait of ring. | income; which created a tax excuse forafederalbudget. supposed to stimulate General
Georgia® ; -For a very ‘long time now, shelter whereby They turned to con- apartment construction M
Keeping this. harsh Vancouver's housing: crisis professionals with lots of dominiums. through tax writeoffs. - eeting
geographic reality in mind, has been a side-effect of money to invest could ease The advantages of a The fact that Mr. British
consider the utter ignorance rising interest rates; which ‘the pain of any losses on condo, which requires in- MacEachen did an overnight Properties
in which the MacEachen are Ottawa’s idea of a their rental deals by having  terim financing — borrowed backward flip-flop after it andA
‘budget’s tax changes must “response” to the general the damage deducted from money, honcy — is that was pointed out to him that rea
. | pieces of it can be sold as he had just destroyed the Homeowners
quickly asittakes shapeona apartment construction Association
drawing board. industry from ‘sea to sea may
Right from Day One, be comforting to some.

But the problem hasn't
been solved. MacEachen
still intends to plug the
“loophole” that gives the
industry its raison d’etre by

obliterated. . the ‘apartm

busi

Westcot
School,
8 P.M.

Police believe there may |
be other victims of similar -
attacks and are asking for »
public assistance in locating .
them.

Lukinic appeared in court

hearing.

Ronald Marce! Lukinic,
aged 32, of 102-205 East 10th
Street in North Vancouver,
has been charged in con-

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