REAL ESTATE. Local housing sales jump in 3rd quarter ~ Sales brisk in North Vancouver SALES OF residential housing units through the Multiple Listing Service of the Real Estate Board of Greater Vancouver (REPGV) increased significantly in the third quarter of 1990, reflecting continued demand as well as reductions in mortgage interest rates. Throughout the #2 areas regularly review- ed by the board in its quarterly statistical report of median prices, sales of residential housing increased by 31.34 per cent over sales in the second quarter. Third quarter sales totaled 4,755 compared to 3,626 in the previous quarter. While nine-month totals of residential sales are still 36 per cent behind those expe- rienced in the frenetic [989 market, the cur- rent stabilization is expected to improve even more if predicted interest-rate decreases oc- cur in the last quarter of this year. John Eastwood, president of the 7,700- member REBGV, says lower interest rates, continuing population increases and a desire by purchasers to avoid the potential Goods and Services Tax to be levied on all service occupations, could keep the housing market active through the final quarter of 1990, If the GST becomes law in 1991, new housing under $350,000 in value will carry a 4.65 per cent GST charge, which is effective- ly a 2.5 per cent rebate from the full 7 per cent. Homes priced between $350,000 and $450,000 will get a graduated rebate but new homes over $450,000 will carry the full 7 per ; 2 re ot ° we FABULOUS WINDERMERE Check this one out! 3 bdrms., great layout, Jenn- Air grill, vaulted ceilings, gorgeous kitchen and tots more! Relax and enjoy! #9-1925 Indian River Cres. GLENN HOUGHTON 988-6131 ANNE MOSHER 988-6131 $234,900 GOT A BIG FAMILY?? There's plenty of room here in this 5 bdrm. cen- tratly located home. Lots of renvoations done. new master bedroom and bath, new family room with skylights and more! Lots of parking and lane access. 332 East 16th. GLENN HOUGUTON 988-6131 $219,000 | PEACE AND Quiet Lots of pnvacy here Parklike let Briqht Catverhal! area home wiih 2 bdims. up and super 1 bdrm fully fnished area down 1225 Adderly. GLENN HOUGHTCN 9688-6131 cent tax. Used housing will not carry the tax charge, but the GST will be imposed on the service components involved in the sale. These rules could keep the used-home mar- ket active in the coming years, Eastwood says. Three particular areas of “Greater Van- couver experienced the highest increases in sales compared to those in the second quarter. In) North Vancouver, I8t con- dominiums and 384 detached sales in the third quarter were well ahead of the 119 condos and 270 single-family sales of the se- cond quarter. On Vaticouver’s East Side, 106 condominium sales and 520 detached sales were recorded, ahead of the 87 and 451 totals in those categories the previous quarter, Vancouver's ‘Jest Side saw condominium sales increase from 245 in the second quarter to 381 from July through September. Detached sales rose from 345 units from April through June to 439 in the third quarier. Total residential sales in the first. nine months of this year number 16,127. com- pared to 25,236 sales in the same period fast year. While unit sales have not kept pace with the activity in 1989, the simplistic average price per unit this year is $230,642 compared to $206,535 a year ago. Taking into consideration the variety of housing as new construction is mixed wiih the existing housing product, price stat 1. appears to be returning to the market. URBAN ELEGANCE” Deluxe 1 bdrm. condo in fabulous Ashion Place, nice layout and lots of extras — marble gas FIP. European style kitchen ard sunny landscaped patio. The price is rght! #105-125 W. 18th. GLENN HOUGHTON 983-6131 GERRY SHAFER 988-6131 REDUCED $164,900 cozy CONDO One of Ashton Piace’s tew 2 bdrm, units. Features glass block accents, European kitchen. insuite taundry and great layout’ #212-125 W. 18th. GLENN HOUGHTON 988-6131 ANNE MOSHER 988-6131 JUST MOVE IN! To this prevate water view home on pictutesaque: Deep Cove Quatty 4 year old home that shows like new! Great for smatt family on isvestor : 2575 Caledonia. BILL ANDREWS 988-6131 GLENN HOUGHTON 988-6131 Friday. October 19. 1990 - North Shore News - $5 NEWS readers _ are home buyers Every Friday, over 100,000 readers receive the North Shore News Hc: 1es section. 65% of North Shore residents own their homes. In June, the average sale price for a single detached home was $295,740. it works for real estaie ... Call Rick Anderson =A [rent to advertise 980-0511 Canada Trust Realty Ca Canada Trust Realty Inc ‘ Realtor 922-6166 GREG OZEROFF 926-8580 sada a =) BBQ IN NOVEMBER? With 36 feet of protected balcony you can! Overlooks peaceful creek. Inside an immaculate 2 bedroom apt., 1% bath, large kit- chen. Nov. 1st occupancy possible. *“ OPEN WKND 2-4 208-1385 DRAYCOTT RD. $164,500 PRICED FROM $189,900 European craftsmanship Kholer bathroorn fixtures Full appliance package Digital security systems Immediate occupancy available e Marble gas fireplaces e Jacuzzi soaker tubs * 2 bedrooms, 2 bathrooms ¢ Marbled entries * 112% financing, legal fees included SHOW SUITE NOW OPEN Tues., Wed., Thurs. 3-6 408 Lonsdale... Sat., Sun. 1-5 GLENN HOUGHTON 988-6131 (24 hrs.) BILL ANDREWS