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82 - Friday, June 12, 1992 —

North Shore News

Lower rates improve resale market

AVERAGE RENTERS
looking to buy are having
an easier time as a greater
Proportion of the available
resale housing market is
now more affordable, ac-
cording to an article in
Canada Mortgage and
Housing Corporation's
(CMHC's) Canadian Hous-
ing Markets report.

‘‘Lower interest rates
have reduced carrying costs
and increased the range of

Prairie and Atlantic regions,
where house prices are tower
compared to other pro-
vinces. The number of
resale units available ranges
from 54.8% in Calgary to
86.6% in Saskatoon. Most
renters could afford to buy
some form of single detach-
ed house in these areas.

In most Quebec centres
average renters can afford
almost two-thirds of the
supply which includes a

British Columbia because of
relatively high house prices.
Choices in Vancouver and
Victoria are limited to some
form of muliple unit and
less than 20% of the supply
is affordable.

In Ontario, most areas
offer potential homeowners
a choice of units, Less ex-
pensive cities such as Wind-
sor and Thunder Bay pres-
ent the largest supply and

SPACE WITH
GRACE
$359,000

Quiet cul-de-sac lot, over

ing with recent roof,
decor and carpeting, two
levels feature 4 bdrms,

12,006 sq.ft. executive liv--

ATTRACTIVE
AND ATTACHED

Sweet tri-level townhome,
gleams with fresh paint,
decor & updating. 3-4
bdrms, rec room, large

o resale housing available to wide selection of single range of housing options in 2% baths, family room, 2 formal living area leads
~ the average renter,’’ said detached houses. the province. In Toronto, fireplaces. Private and to quiet south facing
Pip White, CMHC’s market Although lower interest where house prices are the spacious. Gorgeous patio. Central Lonsdale
analyst, affordability. rates have resulted in im- highest, renters have a tion. $209.
The largest supply and proved access to a larger smaller supply to choose i;
choice of resale homes’ portion of the market, ac- from, mainly condominium
available are found in the cess remains the lowest in apartments or townhouses.
INGRID MARUSKA
DIRECT PAGE: 623-5590 STEVENS
CELLULAR: 671-4466 623-7181 (PGR)
#| $200,000’s
Fr + nee .
eM | $257,500 |
TOP OF THE LINE
: VAN. ‘a Townhome has 3 fully finished
f This home only tuoks small. It has 1150 sqft, | eee levels, over 2400 sq.ift.. 4
3 bedrooms, gas fireplace, large utility & MOBILES bathrooms, skylights, decks, sec. |
a B separate workshop. Secluded backyard with | This 940 sq.ft. home features a spacious layout, system, intercom, central vacuum, §

A private lane. 40x127 ft. lot. Definitely not a drive
s by. See you at the open of make your own ap-
pointment to see. OFFERS IN LOW $200’s.

roof with 50 yr. guarantee, new hot water tank,
t year old washer & dryer. Make your offer in &
low $50’s.

i OPEN WEEKEND 2-4 PM #204-141 WEST 13TH STREET, NORTH VANCOUVER ;
4m Price reduced for fast Sale - owner has bought. Very spacious 1 bdrm. & den apartment in well §
Managed building. Only unit available at this time. Features wib fireplace, enclosed 17x6 balcony. @
: og be no hallway space wasted. Laundry across hall. Walk to all amenities. Exceltent buy §
Aa A ~

jacuzzi, ensuite, private entry to §

bsmt., 9 years old — in super toca-

tion at 1548 Woods Dr.

BOB STEVENS 623-7181 (pgr.)
934-3471 (res.)

JOHN C. BODEN SR.

ARMSTRONG PH: 328-9400

986-9630
650-3749 Pgr.

gj $269,000 |
ma

2

3895 LONSDALE

EXCEPTIONAL VIEW HOME IN UPPER LONSDALE
SUITE

PEMBERTON WITH A LEGAL REGISTERED 2 BEDROOM
HEIGHTS eS ts es
* Beautiful updated kitchen BO
— dining room

« Skylights — french doors
# 50’x170’ south-facing yard
® Walk to school and park
* 4bedrooms, 2 bathrooms

ONE OF A KIND
® 3400 sq.ft. ;
© 6 bedrooms, 3bathrooms §
© Quiet, sunny, private .
e 50'x140" lot

e 953 Giadstone .

(at Whitchurch)

s MAIN FLOOR: 3 BEDROOMS, LIVING ROOM, DINING ROOM, §
af: KITCHEN WITH SNACKING BAR, TWO 4-PIECE BATHROOMS AND &
i § AN UNOBSTRUCTED PANORAMIC VIEW OF THE CITY & HAR-

A § BOUR FROM ITS ENTERTAINMENT SIZE DECK AS WELL AS AN
8X10 WORKSHOP ADJACENT TO THE DECK.

“ELOWER FLOOR: HAS A LEGALLY REGISTERED TWOKF
1 BEDROOM SUITE COMPLETELY UPDATED CONSISTING OF AB
fF HUGE RANCH SIZED KITCHEN WITH CERAMIC TILE FLOOR, g
# NEW COUNTERTOPS AND ALL NEW APPLIANCES. BATHROOM §
A-HAS BEEN COMPLETELY REMODELLED IN WHITE MARBLE WITH

| A6 JET JACUZZI TYPE TUB. LARGE LIVING ROOM HAS FLOOR §
E TO CEILING BRICK FIREPLACE WITH A NEW GAS HEATILATOR §
f PLUS MANY MORE EXTRAS.

FOR MORE INFORMATION

CONTACT JOHN C. B SR. AT 328-9400

WEST VAN

© Huge 96'x126' lot
e Walk fo park, tennis
© Walk to school, water
® Four bedrooms,
2 bathrooms
¢ Fully finished basement