Real Estate
EAST BENEFITS

Commercia! starts
up 27% in 1986

From page 72
cent trom 62.8 million to
79.6 million while their
dollar value increased 24 per
cent from 34.8 billion to $6
billion. The regional changes
based on dollar volumes
were: the Atlantic -28 per
cent; Quebec +55 per cent;
Ontario +7 per cent;
Manitoba -18 per cent;
Saskatchewan +2 per cent;
Alberta +148 per cent; and
British Columbia -6 per cent.

The province of Quebec
was a hotbed of commercial
construction in 1986. With
the exception of 1981, there
had been about 10 years
from 1975 to 1985 when
there was little office
building construction in
Montreal.

The news during that
period had been about head
offices leaving the province.
The change in the politicai
environment in the province
seems to have improved the
investment mood.

The most recent large jobs
to have started in Montreal
have been: Place Ville Marie
alterations: and. alterations
and an addition te the Eaton
Centre. Quebec City has also
- seen some major projects
proceed.

Toronto has had three

good years of commercial

‘starts. Its. latest large jobs .

have included: the domed
_ stadium; and’a major addi-

tion to the Fairview Mall.

An interesting develop-
ment has been companies
locating major office
buildings in Mississauga. Ca-
nadian General Electric,
Northern Telecom and Du-
pont all took this step in
1986.

Also, the commercial pro-
sperity has spread to other
tegions of the province as
witness the start on the

‘Manufacturers Life In-

surance building in
Waterloo.

The large jump in the
Alberta figure was surpris-
ing. There had been virtually
no commercial construction
in Calgary and Edmonton in
the period 1982 through
1985.

In Calgary in 1986 were
starts on such major jobs as
Fourth Avenue Place,
Banker’s Hall and the
Canterra Tower. Developers
are proceeding with these
projects in the hope that the
energy sector will recover by
the time the space becomes
available for leasing in sev-
eral years.

Elsewhere in the province,
Chateau Lake Louise is get-
ting. an addition. In British
Columbia, there has been a

jhiatus in commercial con-

struction following the

preparations for Expo 86.
The year’s institutional

constructional starts rose 17

per cent in square footage
from 20.6 million to 24.0
million and increased 20 per
cent in value from $2.3
billion to $2.8 billion. Hos-
pitals all across the country
have expansion plans and
fund-raising drives under-
way.

Two of the largest hospital
projects to proceed in 1986
were in Hamilton — addi-
tions to St. Joseph’s and
Hamilton General. Almost
all the provinces have com-
mitted to spending for health
care facilities.

The one exception is
Alberta where the gov-
ernment has explained that,
because of its recent conces-
sions to help the oil and gas
industry, it does not have the
funds for some capital pro-
jects.

This situation can be con-
trasted with Ontario where
the booming economy has
meant higher than expected
tax revenue. Ontario’s Fi-
nance Minister has pledged
that some of the extra
money will go to public in-
stitutions.

From East to West, the
changes in value of institu-
tional starts were: the Atlan-
tic +2 per cent; Quebec -20
per cent; Ontario 4-40 per
cent; Manitoba -2 per cent;
Alberta +20 per cent; and
British Columbia +76 per
cent.

‘Green. Acres Realty itd.

ORLOVS KY

Tat

Friday, March 27/1987 - ‘North Shire ‘News

.

Rockwood

WF SPACE TO MOVE IN YOUR OWN ESTATE

m New three level split, over 3000 s.f. of elegant §
WH living in Rockwood. Floor to ceiling granite firepl.,

m irg. atrium off kitch, quality finishing, includes §
& acres of @

Mm swm.pool, sauna, hot tub facil.
m gardens, ponds, strms, wtrfalls & pathways,
i steps to the beach. Compare it at $295.

Exclusive WATERFRONT estate 4.8 acres. :
m * West Vancouver's largest selection of fully }

serviced,level building fots.

Me OGwns Archambault designs available or
build for yourself.

m ° Located at Bacheior Bay. Only minutes to¥

Park Royal, downtown and the new
Caulfeild Shopping Mall.
HOMES FROM $259,000
LOTS FROM $115,000

Fwecbook

"ESTATE C OF MIND ;
Put your thoughts to work on this adult style ran- ff
cher. 2580 s.f. entertainment sze Ivgrm & dngrm, #
valking distance to golf, tennis, boa2t moorage,
beach - swmpool, sauna, hot tub facilities inctud- §
ed this home has yet to be built so you can plan Bf
all the detaits (plan vasies from illus.) offered per ff]

plans at $259

"WATER FRONT LOTS PLUS

See these unique serviced wtrfrt lots. We can

custom build your dream home or buy the tot ig
do it yourself. Also avail. an excellent Selection :
of semi wirfrt view lots & garden view lots all at-

B tached to acres of gardens & pool. H. er & sauna J

facilities. Excellent values from $115

IVAR FOSSEN. OFFICE 294-1771
Home 926-0473 Pager 680-4521

6741 DUFFERIN WEST VANCOUVER

NACEL PROPERTIES
OPEN SAT. & SUN. 1-5 PM

OR ANYTIME BY APPOINTMENT

EXCLUSIVE LISTING AT 3% %

OR LOVS KY
‘926- 81 o9 : MULTIPLE LISTINGS AT 512% 926-81 09
"872.8586

WwW = OFFER A COMPLETE REAL ESTATE SERVICE, WITH EXPERIENCED AND BONDED SALES PERSONNEL

PLE LISTING SERVIC! EMBERS OF Ri

UST
Open Sua. 2-4 3355 eralgend, W. Vancouver
Prest. Westmount, Quiet cul-de-sac, 3-4 Bdrm,
Good. view, loads of potential.
ED OR LILLY 926-8109

oF de att ae et
LOCATION. & CONVENIENCE
Open 2-4 Sun. #201-2119 Bellevue, W.Van.
Bright & Sunny 2 bdrm, some view, facing south,
large balcony. $90
ED OR LiLLY 926-8109

L ESTATE BOARD * CO-OPERATION WITH OTHER AGENTS

CAREFREE & MORE-$64,900 - .
555 West 28th, N. Van. Immac. bright & sunny,
920 sq.{t., 2 bdrm in beautiful Cedar Brooke com-
plex, walk to Westview shopping, Open by appt.
ED OR LILLY 926-8109

TOWNHOUSE - UNDER $90,000
Unique 2 level end unit, 2 bdrms, super iocation
& conv. only 6 yrs, 1910 Chesterfietd, N. Van.

ED OR LILLY 926-8108

203 East Kelth
Z 205 East Keith
H 207 East Keith
: 642 St. Georges

a 646 St. Georges

y 209 East Keith 1719 sf.

644 St. Georges 1802 s.f.

1419 s.f.

1452 s.f.

1666 s.f.

1802 s.f.

1693 s.f.

2 BR. Extra large. 3 baths. All units

‘BRAND. NEW

3 Beautiful Townhomes Left
See for yourself why these

are selling so fast.

W201 East Keitti 1556 s.f. 3 BR. 3 bath. Fantastic city views.

Large south patio. End unit.

3 BR. 3 baths. Porch, plus small
backyard. All units have pre-wired
security.

2 BR plus large room in basement

(unfinished) private garage.
large family room. 3 bath

2 BR. 3 baths. Fantastic city view

” patio. All units have f.p.

2 BR. 3 baths. Large south patio.
deluxe appliances. This is the di

vacuum. Private patio.

2 BR. plus large rcum in baseme:
private garage. Very large room.

3 BR. 3 baths. Fantastic panorarg
Water. Private garage. 2. balconig)

$127,500 ff

$122,500

ALMOST SOLD OUT
NEED LISTINGS
Thinking of selling? Call us & save.

Green Acres Realty Ltd.
33] WEST BAGADWAY. VANCOUVER, BE VEY IPE

333 West Broadway, Vancouver, BC.

OPEN SATURDAY & SUNDAY ONLY
1-4 P.M.

or

Call Richard Beare

for an appointment
ANYTIME

FREE MARKET EVALUATION

872-8586 263-2823 (24 HOURS)