Real Estate Demand increases for residential resale properties MOST MAJOR Canzdian markets have witnessed significant increases in de- mand for residential resale homes in the past year. With the exception of the Auantic community almost all regions have experienced increases in resale values in the past year. In some areas, like southern Ontario, price increases have been extraor- dinary. According 10 the July 1987 edition of the Royal LePage Survey of Canadian House Prices released recently, communities in and around Toronto have finally seen a moderation in market activity and price increases in the past three months have halted. Elsewhere in Canada, most areas continue to enjoy strong demand and increases in housing prices that exceed historical averages. “The health of the na- tional and most §gocal economies, bolstered by‘ rel- atively moderate interest rates, has inspired consumer confidence and buoyed housing markets,’” -ays Oz- zie Jurock, President, Royal LePage Residential Real Estate Services. ‘‘Canadians have always had a great deal of faith in the value of home ownership and the past year has been a demanstration of this faith." Jurock’s comments coin- cided with the release of the July 1987 issue of the Roval LePage Survey. The quarter- ly, cross-Canada study tracks the estimated selling price of six categories of housing in over 170 com- mumities from coast to coast. Jurock adds that, in addi- tion to the moderation that has taken place in the southern Ontario market in the past three months, the active markets in centres like Montreal and = Vanccuver have also returned to more normal levels of activity dur- ing the last quarter. London, Edmonton, Calgary and Ot- tawa, as well as the province of Quebec, report stable markets. The Royal LePage Survey is designed not only to track house price trends, but also to compare the value of sim- ilar homes in different communities across the country. In a prestige Vancouver community like Kerrisdale, for example, the Executive Detached Two Storey home defined in the Royal LePage Survey has increased 6.6 per cent in the past year to $320,000. In Montreal's Mount Royal area, a similar home is up 21.2 per cent to $400,000 since last July, Ina desirable Toronto neighborhood like Don Mills, the Executive home category has risen 40.7 per cent to $415,000. Looking at more affor- dable areas, a Bungalow as specified in Royal LePage’s Survey, in an Edmonton neighborhood like Castledowns, has increased two per cent in the past 12 months to $81,000, while a similar home in the North End of Halifax is up t1 per cent more to $91,000. In Sarnia, Ontario, the same bungalow is valued at $80,000, 6.7 per cent more than this time last year. Resale housing values quoted in the Survey of Ca- nadian House Prices repre- sent the estimated current market value of typical homes and are compared with figures reported — six months ago und a year ago. The price cited are Royal LePage opinions of fair market value in each loca- tion based on data and mar- ket knowledge provided by Royal LePage residential real estate specialists. PRIME PERMBERTON HEIGH 1027 W. 19TH ST. Pride of ownership is reflected in this immacutate 4 bdrm. home. Entertainment-sized living room, plus family room, rec.. recom with wet bar & workshop {c for dad. The gardens are lovely. JOAN STEWART-GAY 986-5107 $49,900 DELUXE LOCATION immaculate 1 bdrm. suite. Super location — $175,900 Ke o PEMBERTON HEIGHTS @ This beautiful 5 bdrm., 3 bath home has it ail. . Elegant living room — crosshall dining room, m cozy family room plus all the extras. Large cor- ner lot. OCEAN VIEW _ iF, 3 O-F-F-E-A-S RARE OPPORTUNTIY To fix me up and make money plus have a fan- B tastic family home. 4 bdrms., 2 full balhs, fami- 8 ly room & rec. room. Huge private ict witn ap: B ple & cherry trees. walk to Quay. Move in or invest for tomorrow —- tenant will gtadly stay. WHY FAY RENT? This immaculate 1 bdrm. suite has new carpet, freshly painted & ready for you to move in tomor- row, Try your offer & $2500 down could handle. MURB status — great investment. Lok) Se, FABULOUS 1 BDAM. A OARTMENT “THE CHESTER'S” This is apartment living at its very best. Bright & spacious gorgeous kitchen. Bay window in din- ing room. Two balconies. #207-1550 Chester- : jeld, Open Sat. 2-4 5 CANYON HEIGHTS fe maculate 3 bdrm rancher is it! Extremely well f maintained inside and out & on two legal lots! 2s GRANDMA'S HOUSE. R double VIEW lot. Try low $170's! gs | CUSTOM TUDOR f so this grand 3 bdrm, 2 year old home must be Ss PRICE REDUCED! : $115,500 29 : This home must be seen. Offering you cozy, los OFFER COLLAPSED! B What an opportunity to move right into a deluxe - Friday, August 21, 1987 - North Shore News NEW VIEW HOMES COMING SOON! 984-0421 706 EAST 7th STREET 25 THE SELECTION DIMINISHES! mm People are coming {10m all over North and West Vancouver: to view, and then purchase these lux: ji ury townhomes Each home features bsmt. natural gas heating, fireplaces, oak & marble trim @ throughout, while many boast doubie security parxing Private patios and an open central courtyard | iM add to that feeling of hore. 237 W. 16th St. Please view with SOREN FREDERIKSEN 984-0421, JOAN ALEXANDER 986-4453, RAE PHILLIPS 522. 0387 cy SEYMOUR Ss FINEST 3637 GARIBALDI (OFF ROCHE PL} Right by the golf course — and there are only & a coupie left! This custom quality 3 bdrm, full bsmt home boasts marbie, tile & Heritage J finishes throughout. Be pleasantly Surprised with SOREN FREDERIKSEN 984-0421 JOAN ALEXAN DER 986- 4453 Looking for something really special? — This im- Priced right, so please calli SOREN FREDERIKSEN 984-0421 26 START HERE Fully finished up & down. 2 bdrms plus 2 baths, family rm off the kitchen, huge garage, small @ price. Very central, very nice — please view with § SOREN FREDERIKSEN 984-0421 306 W. 25TH ST. Character, charm & potential in this upper Lonsdale home! Fully finished up & down & huge SOREN FREDERIKSEN 984-0421 wae 24 UPPER LONSDALE This brand new 4 bdrm, full bsmt home is just g completed! Deluxe finishes, full size lot & even & a city VIEW! Hurry. SOREN FREDERIKSEN 984-0421 New job means a new location for the owners. sold ASAP! 3140's 8 HOT! SOREN FREDERIKSEN 984-0421 LUXURY AND SPACE . An architectural delight, this large 3 bdrm con- temporary boasts big bright lott, fully finished § entertainment area down, private gardens & decks with a fabulous swirlpool! Offers please. § OREN FREDERIKSEN 984-0421 bright living space. 2 bdrm rancher, updating done, easy care lot with paved lane access. 4 appliances. Call for viewing. JOAN ALEXANDER $86-4453 8, 47 JUST LISTED! : Woodcroft 2 bdrm, 11th floor, Pemper- ton building — $70's! Hurry! SOREN FREDERIKSEN 984-0421 upper Lonsdale townhome! Picture skylights, 3 balconies, fireplace & a red hot price of $116,500! Must sell so hurry! SOREN FREDERIKSEN 984-0421 HAVE LOT! WILL BUILD! On quiet cul-de-sac. Contact RAE PHILLIPS 522- 0387 Lay we OAT ee re Py bend ee