Real Estate SS RL CIS Strong year forecasted for residential property THE residential resale housing market in Van- couver is expected to experience another strong year in 1986, according to a forecast released recently by Royal LePage. Housing sales are Predicted to rise 10 to 12 per cent over 1985 levels this year and selling prices are forecast to increase four to six per cent. “We are currently in the midst of an exceptional market for residential real estate in this city,’ com- ments Oswald Jurock, Vice President and Divisional General Manager for Royal LePage Residential Real Estate Services. ‘*Moderate interest rates, increased consumer con- fidence in the local economy, and stable selling prices are the major factors influencing the housing market in Vancouver.”’ POSITIVE FEELINGS **Expo °86, Vancouver’s 100th Anniversary celebra- tions, and the many new developments such as the Skytrain, have lifted the spirit of the province from one of apprehension and uncertainty to one of posi- tive expectancy,’’ he said. “The demand for homes maintained a very high level throughout 1985, and there is every reason to believe that this demand will not taper off significantly in SAHALEE—A privately planned community incorporating traditional home values with innovative architectural design and building techniques. Even trom the outside, each usurious home gives you a feeling of individuality and privacy. Eo VP VDRANT PEAT LOPMENT 1986.”" ‘What makes the current market remarkable is that despite the large increase in the number of homes sold, there has not been excessive increases in selling prices,’* said Jurock. ‘‘By the end of 1985 the selling price of single-family detached homes in Vancouver is ex- pected to be $124,500 for the year, with the overall average at $113,000 for all residential properties. These prices are at roughly the same level as 1984 figures. And we don't expect real estate values to spiral up- wards in 1986.”” PAST DIFFERENCES He points out that during the real estate boom of 1981, inflation was running at double-digit levels, interest rates passed 20 per cent, and speculators played a major N.Y WHEN YOU CAN AFFORD T0 LIVE ANYWHERE, WHY LIVE ANYWHERE ELSE? Luxury homes for sale in West Vancouver an the unspoiled Caulleild Plateau. Mh For information 922-1531. Marketing by Mclvor Clee & Associates Ltd. S FREE TAX ADVICE yi § With Lisa Smedman every Sunday in Business AL role in the marketplace. “*None of these factors are at work now. J think con- sumers have learned a lesson from the past and are not prepared to get into bidding wars for properties. Although there are a few hot pockets in high-demand areas, there are no signs of a panic market. “We believe part of the sales activity in 1985 repre- sented the pent-up demand that has built up since 1982,"° said Jurock. ‘‘We also suspect that this sector of the market will continue to be active in the coming year.”" “Providing the economy maintains its strength in 1986, infiation remains under five per cent, and in- terest rates remain stable, we should see a continuation of the present healthy housing market,"’ he sta¢zd. Across Canada, Royal LePage is forecasting seven per cent increase in sales and a five per cent rise in selling prices next year. FROM MID S300. WITH EACEPTIONAL FINANCING AWATLABLE. Hoey MI E re ( pper Levels, Caulleild Drive ENit~ South. PRobEG 49 - Friday, March 7, 1986 - North Shore News Fe a Trade Up Let us go to work for i? (nn DELBROOK 2 BDRM. South side apt. Only one on top floor available. Pampered and has 2 lockers for storage. Must see! Swimming poo! & gorgeous gardens. JOHN ROBERTS 980-2500/984-0421 23. sunken living, plus an easy-care lot. JOAN ALEXANDER 986-4453/984-0421 x * 22. 5750 GROUSEWO . jeiatas . This one is hot! Best price in Grousewoods ff A 27. BOULEVARD REVENUE over 2300 sa. ft. of luxury. Offering 4 BR's. Tr & With 5 big BR, this home is most accom- ple plmbg., den, dream kitchen with ige. fam. B modating. Crest built, city view, make your bes! rm. off dble. garage & tots more. See the best & offer with and buy the best! sy SOREN FREDERIKSEN 984-0421 JOHN NOEL 987-9884, 984-0421 Daas SOREN FREDERIKSEN 984-0421 3 iH = ae (VE BEEN FRAMED! Now just before they start the drywall, perhaps you would like to change my 3 BR, or perhaps the family area? Maybe some bsmt. finishing is in order? Make me an offer. SOREN FREDERIKSEN 984-0421 . oie een ae : * 33. RANCH STYLE LIVING Back on the market means your gain — deluxe 3 BR, full bsmt. home with fabulous Cove view! it's hot now! SOREN FREDERIKSEN 984-0421 BEE es. a al DELBROOK : os ae . . #101-555 W. 28TH 24. FROM A BIRD'S EYE A Want a pub & swimming pool right in your own © See the city from your nook, or your master m complex? 4 bdims., 2¥2 baths, fam. rm. with bdrm. In fact, most of this 4 BR upper Lonsdale A F/P. Potential bsmt. You'll love it! Call home boasts VIEW. Affordable. . SOREN FREDERIKSEN 984-0421 : 1909 B While we're constantly inundated with B ‘Heritage style’ homes, it's reteshing to finally B find the real thing. High ceilings, wide veran- f dahs & 3 cozy BR set on a large view lot. SOREN FREDERIKSEN 984-0421 Poe: . . INVESTMENT .3 It's your turn! Nice 3 BR, 1% bath. home, full § bsmt., worth $400 p.m. for storage only. a JOHN ROBERTS 980-2500/984-0421 a 28. QUEENSBURY LOCATION ; a 29 . Patr Neat as a pin. Cute & cozy 2 BR, full bsmt. Just move in & start enjoying; best 3 bdrm. home on easy care lot. Beautiful view from ™ townhome in Yorkwood Hills complex. Private large sunny sundeck at rear. Sharpest price in jj f woodsy setting > JOAN ALEXANDER 986-4453/584-0421 town JOHN NOEL 987-9884, 984-0421 XPO ACCOMMODATION? 426 E. 6TH ST. . 2 levels plus full bsmt., new bathrm., pretty kit-@ chen, sep. D/R, 2 barm. on top floor, & 2 on§ main floor, all with view. Please call - JOHN ROBERTS 980-2500/984-0421 i FEATURE HOME . 717 VINEDALE (OFF 26th) ® Should be sold this weekend! Featuring 4 big fa BR set in a contemporary 2 level design, full m= bsmt., & much more. SOREN FREDERIKSEN 984-0421