? 72 - Friday, October 20, 1989 - REAL ESTATE North Shore News Housing industry leaders recognized THE HOME building in- dustry recognized leaders in the housing industry at their recent Canadian Home Builders’ Association of B.C. (CHBABC) Convention recently at Whistler. The winner of the Beaver Award, given annually to the builder who has contributed significantly to the industry and the association, was Gary Grelish, president of Trademark Developments in Surrey. Grelish is a past president of the assiociation and has been very active with regional and provincial Can you afford dream house? YOU HAVE a golden op- portunity to purchase a love- ly house in the perfect neighborhood. Can you af- ford it? The only way to determine this is to sit down with a piece of paper and calculate your monthly expenses. You will often hear the formula that you can afford to spend 25 to 30 per cent of your gross (before taxes) monthly income on mortgage pay- mens. Like many general guidelines, this is a bit too broad to be useful in specific cases. Once you have figured out how much you can offer as a down payment — and, Asking $239,000 BETTER THAN NEW... 869 Porteau Place . This 3 bedroom home of- fers tastefully decorated interior, vaulted ceilings, baywindows, family room of kitchen and space to develop 4th bedrcoméden. Bonus - sun-filled backyard and plenty of storage. JANE DONNELLY 763-5138, 263-1911 (24 hrs.) housing issues. In addition to his involvemert with the industry, Grelish has also served on the B.C. Assess- ment Authority. The winner of the Maple Leaf Award, given to the non-builder member of the association was Bill Chap- man of McDonzeld Supply Lid., who has been actively involved in many of the ongoing committees of CHBABC. In recognition for its many programs directed to enjoying the technical ability of builders and for its hence, how much you must borrow — you can find out from mortgage lenders what your: monthly payment would be. Write that down. Then, list all the monthly payments you will be making as the proud owner of a new home — heating, electricity, city taxes, water, repairs and so on. Talk to a home- owning friend in the same town about how bills tend to run; if possible, talk to the owners of your prospective home about how much they pay on regular bills. Check on insurance costs for that particular house. Ask the municipality about taxes. Amortize yearly ALTAMONT'S FINEST OPEN SUNDAY 7-3 Your own creek meandering through the back- yard is one of the benefits of the 6 bdrm family home. Perched on a % acre lot this 7 yr old home is just 1 block from W. Van's premier school, West Bay. This residence of distinction features huge formal dining room, spacious fami- ly recom off the bright kitchen, 4 bedrooms up pius a 2 bedrm. in-taw suite in the lower fevel. q $689,000. 2999 ROSEBFERRY. LORNE GOLDMAN delivery of What’s New In Homebuilding seminars throughout Greater Van- couver, the Greater Van- couver Home Builders’ Association was awarded the Local Association of the Year Award. Receiving the President's Award for outstanding con- tribution was Fred Whit- bread of Whitbread Enter- prises, Vernon. Whitbread is a director of the New Home Warranty Program of B.C. and the Yukon and is past president of the Vernon Home Builders’ Association. charges over 12 months. Make sure that the figures you are using here are fac- tual, not your own estimates. There is, alas, a tendency to be too optimistic about these ‘‘secondary”’ costs which can, in fact, amount to a hefty sum. One way to cut mortgage payments of course, is to make the biggest down payment you can afford. However, you must be careful to have funds left over for moving expenses ~— legal fees, moving company charges, new furniture and appliances you may have to ‘See Figura Page 73 736-8880 or 263-1911 More Good Reasons Why Wise Realtors USE THE NEWS uality photography is essential to effective real me estate advertising. That's why, at the NEWS, we put our award- winning team of photographers to work on your real estate advertising. In any given week these photograph- ers may shoot as many as 175 houses for the upcoming HOME section. As a realtor, all you do is suppiy us with the proper address and we'll supply you with a quality photo ... Stella Kai 986-8727 res. 686-5516 pager READY TO MOVE IN at no charge. Wise realtors save time and money when they USE THE NEWS — and they get superior quality advertising. Because It Works For Real Estate “Christina Kai 987-6519 res. 686-3111 pager ATTENTION: BUILDERS & INVESTORS LOOKING FOR A DESIRABI.E NEIGHBOURHOOD? Well built 3 bedroom basement home in Canyon Heights area, jarge lot ing Canyon Heights area, large ict 66'x120"§ CHRISTINA C. KAI s 686-3111, 987-6519 Brand new house in Delbrook/Upper Lonsdale, 2200 sq.ft. with unfinished bsmt. & double attach- ed garage. 4 burms. & den. Close to school. Lot size 40'x113. Compare the price! 3470 Mahon Ave. For more information, call STELLA KAI 686-5516 MCCARTNEY LANE TOWNHOUSE BRITISH PROPERTIES OVER 1 ACRE OPEN SUNDAY 2-4 OPEN SUN 3:15 - 5:15 439 EASTCOT Nestled in a super private 1.04 acre park like pro- perty is this thoroughly renovated residence of distinction. Features new kitchen, 2 new wash- rooms and gleaming bieached hardwood floors. Generous principal rooms, ideal for entertaining. Accommodation consists of 6 brs, quiet location. $738,060 736-8880 or 263-1911 f 2 NEW HOUSES, WITH VIEW UNDER CONSTRUCTION IN UPPER VANCOUVER Im Architect design, feature skylight, luxurious, 2% WANTED! ME bathrooms. 4 bedrooms. Large family room off |Older home with double tot! | nave the & kitchen with sundeck. Close to all schools & builder that's ready to buy. o EP amenities. Price at mid $300's. © Boerne: STELLA KAI 686-5516 Cail Stella Kai 686-5516 6 month old 3 bdrm., 3 bathroom townhouse in McCartney Lane. Beautifully finished end unit with private garage and extra parking. Quiet cul- de-sac setting. Excellent value at $209,500. Come to the open on Sunday between 2 pm arid 4 pm. 2940 Mt. Seymour Pkwy. ALLAN PALMER 736-6802 or 263-1911 LORNE GOLDMAN