REAL ESTATE

Friday, June 12, 199:

2 - North Shore News - 89
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Compact home cemes with country charm

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Estate-like 4122 Dollarton Hwy. fully-finished bstmt.
Large lot across from Cates Park, immaculate family home, professional tandscaping, 400 sq. ft. sundeck,
separate workshop, dog run, pigeon cope, aviay, 2 kitchens, 2 bths.. Parking for 4 vehicles.

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Attractively Priced Two Bedroom ($128,000)
semi-ensuite, walkin closet, wraparound balcony. View of mountains

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N- INDEPENDENT |

COMPACT, THREE
bedroom design is _ ideal
starter or retirement home.
Bedrooms positioned
along rear of home for
maximum privacy. :
Entry opens directly onto
spacious living room.
Country kitchen offers long,
spacious counters. conve-

nient serving bar and roomy
eating area.

Back door provides quick,
easy access to kitchen and
basement.

Unfinished basement pro-
vides space for future ex-
pansion.

Send for Canada’s largest

Report shows demand

COMPREHENSIVE
HOUSING 6sstatistics for
1991 were released June I in
Canada Mortgage and
Housing Corporation’s
(CMHC’s) Canadian Hous-
ing Statistics publication.

One of the highlights of
the report is the section
dealing with future trends of
Canadian housing demand.
Based on demographic de-
velopments, CMHC's
Potential Housing Demand
Projection Model was used
to forecast potential housing
demand for Canada and the
provinces up to 2011.

Nationally, the projec-
tions show potential housing
demand increasing slightly
to 195,700 in the mid-
1990’s, levelling off, and
then declining to an annual
average of 168,300 for the
period of 2006-2011.

Broken down further to
annual demand by dwelling
type and tenure, an increas-
ing portion of demand will
come from owner house-
holds up until 1996. After
2001, following a levelling
off in the ownership share

of demand, the previous
trend will reverse, with an
increasing portion of de-
mand coming from renters.

‘The pattern of demand
reflects a projected build-up
after 1996 of non-family
households and their
terwésncy to rent relative to
family households that tend-
to own,” said Gilles Proulx,
CMHC’s chief economist.

Demand for single-
detached houses will in-
crease as a proportion of
total demand up until 1996,
level off between 1996 and
2001, and drop thereafter.
Apartment demand will ex-
perience the reverse of the
above pattern.

The publication also
details all of CMHC’s 1991
statistical information in the
areas of housebuilding ac-
tivity, mortgage lending, af-
fordability, construction,
land and housing costs,
price indexes, and the
demographic aspects of
housing demand.

According to the publica-
tion:

@ Due to the slow recovery

plan book with over 500
home plans, including a
wide variety of architectural
styles, from luxurious brick
manors to affordable bun-
galows, only $8.95 (in-
cluding shipping and GST).
To order using Visa or
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800-663-6739.

increasing

from the recession, total
housing starts fell 14% to
156,197 units, posting their
lowest level since 1984.

@ The value of mortgage
lending approvals, excluding
the non-residential compo-
nent, grew by 25.1% to
$69.3 billion in 1991. The
number of mortgage ap-
provals rose 27.9% to reach
947,979 units.

@ Chartered banks ac-
counted for 50.9% of the
mortgage lending activity in
1991 in comparison to
47.5% in 1990. Loan com-
panies also increased their
market share to 13%, up
from 8.5% in 1990. Life in-
surance companies and
other small lenders posted
marginal gains. Trust com-
panies continued to lose
market share, accounting
for 22.5%, down from
31.5% in 1990.

@ Housing affordability
improved in all Census Met-
ropolitan Areas in 1991 due
to the combination of inter-
est rates dropping to an
eighteen-year low and rela-
tively stable house prices.

f Direct Pager: 623-5787

Thorough, Professional Service

NEW LISTING

LYNN VALLEY * QUIET STREET
ROOM FOR MOM & DAD

1386 DOVERCOURT ROAD
$299,900

ae

Immaculate 'Crest' built home featuring:
* a large, fenced backyard
* 3 bedrooms & 2 bathrooms (1 ensuite) up
* I bedroom, bathroom & living area down

CALL TODAY - THIS GEM WON'T LAST!