Eee AK SORT ese fo SELES: ay si Henao industry a Dig Dp THE Canadian reno- ration industry con- tributes $20 billion as well as thousands of jobs cach year to our economy. “Residential renovation is 4 major part of the Canadian economy because it not only ~ creates jobs but contributes so much to our country’s social fabric,” said MP Diane Marleau in October. Renovation Month is an annual consumer education event spearheaded by the Canadian Home Builders Association (CHBA). Local home builders associations and their partners organize activities such as seminars which take place at the com- munity level. Canada Mortgage and Housing Corporation (CHBA) sponsors projects with she CHBA, under Reno-Demo 96 program, which demonstrate energy efficient: renovations in. six communities across the country. CMHC also pro- motes the many aspects of renovation through healthy “BRING OFFER This warm & cozy, 1 bedroom apartment fs with- in walking distance to transit, parks and Capilano Mail. Features include updated car- pets, paint, flooring, secured parking, alarm & more, There's still time to move in before Christmas. Hurry - call Tazmeen 986-3808. % Rema Mensch pec Wonderful family home in Excellent. move-in condition. NOW $389,000 572 DOLORES PLACE. BEST VALUE IN UPPER DEL8SROOK. restigious area. 2 lavel Lewis posi & oeam with 4 bdrms, 2 baths, updated kitchen, music / library room, 2 f.p.’s & attached garage. Huge south facing sundeck. ayer Owners, renovaiors get help house demonstration pro jects nationwide. CMHC can provide a wealth of renovation intor- mation through its Canadian Housing Information Center (CHIC), the largest resource center of its kind in Canada. It offers a wide range of housing related materials including a free cat- alogue of CMHC renovation publications and videos. The publications and videos deal with subjects such as: hiring contractors, planning renovations, avoid- Ing renovation hazards, enee- gy efficiency and indoor air quality. Homeowners and reno- vators are invited to contact CHIC in Ottawa at: (613) 748-2367, by fax at (613! 748-4069, or any CMEC office across Canada. fs st North Vancouver 1945 MAHON THE recovery in the new consiruction under way since the second half of 1995 continued during the third quarter of this year, according to the latest figures issued by Canada Mortgage and Housing Corporation (CMHC). Navional housing starts rose 3.2% to a seasonally adjusted annual rate (SAAR) of 128,000 units fron a see ond quarter of 124,600 units. “The new housing market is maintaining a positive, though moderate momen: tum,” said CMHC cconomise Gilles Proulx. “The resale market is stable, at high levels, and CODSUTTCTS Sout tO show rewtraint, but there are aew dows on mortgage rat apd preat affordability, “Phis should be suffiaent to keep vonstrucdon treads up.” Vhe diird) quarter con- SEPUCHON EMIprovemendh was concentrated in imnultiple units, which rose to 49400 trom 45,200 (SAAR in the second quarter, Construction at sinwle detached units was mostly unchanged at 79,200 units, compared ta 79400 (SAAR) during the previous qharter, Higher activity took place in British Columbia and to a smaller extent in Ontaria and the Prairie provinces during the third quarter, In British Columbia, con- struction starts increased to 32,100 units (SAAB) from Friday, November 22, 1996 - North Shore News ~ 67 28,000 tn the second quarter, providing clearer signs that the constracdon as ing casing iv the province. The advance is concentrated almast exelu- sively in mitttiples. Ontaria heasing | starts increased to 44.300 (SAAR) units trom 41,700 the preced- ing quarter. Both single- detached and multiple-unit construction gained. The continued advance of con- struction depends on an active resale market, low inventories and rising employment, Quebeeo housing starts fell to 21,900 (SAAR) fram 23,900. Construction is still higher than last year, but che moderate pace reflects employment trends and exe- nomic conditions in the province. ; fn the Prairie regions, con- struction rose to 27600 units (SAAR) from 22,300. The Tegion connnues fo enjoy a strong te nomic expansion, with positive cunsequenees for both resate and new homes, Compared with the second — quarter, activity vained further strength in Saskatchewan ro 3,200 units (SAAR) and in Aiberca to 16,500 units (SAAR). Building activity fell in Manitaba to 1,900 units (SAAR). fn the Atlantic region, housing starts alsa fell, to 8,700 units (SAAR). New construction rose in) New Brunswick to 1,800 units (SAAR) but fell in) Nova Scotia to 3,760 (SAAR), in New Brunswick co 2,800 (SAAR) and in Prince Edward Island to 400 units (SAAR). October sales fueled by entry level buyers THE Real Estate Board of Greater Vancouver’s MLS (Multiple Listing Service) statistics show an October mar- ket strengthened by first time buyers and steady’ prices. “Tr may be a litle early yet to see the results of the recent drop in interest rates,” says board vice-president Glenn Temes. are optimistic thar the lowest interest rates in 30 years will continue to encourage first time buyers to get into the “Bur we market.” MAS, BECKETT! Congratulations on the purchiisa of your new home! | wish you a lifetime of happiness, and hope all your dreams came true, Thank you for pee. your business. Cheers! Pa $268,060 CHARACTER LOVER’S ALERT! Original country cottage in Central Lonsdale, 2 or 3 bedroom home set very well hack on a beautiful park-like fot with truit trees in a won- derful family neighbourhood. Ciear pine tloars, sione firepiace, wainscotting, separate dining room, large eat-in kitthen and bathroom witli original claw-loot tub. Across from large park end duck-punds. THE ALEXANDERS — ESTHER & ALEX 731-7821 24 hour’ Activity in the $150,006-$249,999 price ranige still conmmands the market seg- ment where first dimers are responding to declining interest rates. The board reports 2.457 detached, and apartment sales recorded on the MLS in) October, an increase of 19% the same time last year, and an increase of 217% for the year to date. There were 18,051 active listings recorded tor October, up 12% from a year ago. There were 1,203 detached honie sales listin in October, up 16% from the same month Now you can read all about it! a year age and up 10% for the year to date. The nuraber of sales compared to active currently shows about a 0 month . supply of homes on the market. : In the attached (townhouse) category saies remain brisk sith 404 sales reparted in October for an increase of 39% from October last year, and up 34% for the year to date. Prices remain relatively stable in the attached category. See Detached pageTs On board all BC. ferries departing Horseshoe Bay, there are prominent paper stands with free copies of the North Shore News homes Section. As a realtor, you don’t want to miss the beat. Place your ad in The North Shore News Homes Section and your ad can be seen by thousarids of potential prospects, during those peak weekend tzaffic times. Extra Business Extra Value FRIDAY HOMES SECTION Cail Direct 985-6982 Rick Andersen Reai Estate Advertising Manager a cameneneeeunetmmmempeemnean esha ennleien ten easiest