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NEWS photo Grad Ledwi:

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A PARTICIPANT in the an“:ual Sussex North Shore Triathlon tears out of the
Ron Andrews Recreation Centre to begin the bike portion of the race. Close to
300 athtetes took part in the popular endurance race.

For More information Contact:

Sussex
Realty

Sussex Group
Westmar Realty
279-9822

Pauline Birch
Colin Foo
Mirza Kassam
Linda Lait

Friday, June 18, 1993 - North Shore News - 94

Changes could occur quickly

From pase 88

consensus Chat there is some
inerensing resistance to
higher prices, which should
serve to stabilize the housing
markut. It is atso expected
that in-migration —tevels,
while still histoarigally high,
will be lower than experi-
enced in 1992, und an eco-
nomig recovery in the rest
of Canada should moderate
demand.

The ongoing changes in
the way in which housing
construction is financed are
beginning to be felt in the
industry, as alternative fi-

ON

naneing mechanisats are us-
ed, and the builders need to
be more adept at business
Managemen’

We must he aware of
the need for greater profes-
sionalism oon the part of
builders, as they are going
to fave to be better
educated with greater knuw-
fedve of business and finan.
cial omuattters,’’ said Leigh
Grelish, chair of the Evo.
nomic Research Council.

Generally the economic
outlook appears to be very
positive for B.C,, with the
GDP expected to grow by

CREAGE

Cozy 3 bdrm home, recently updated, nestled on 1.5 acres
with creek, Lg. detached workshop. Zoning permits home
business, bed & breakfast, livestock. Easy commute to

Langdale ferry.

Susan Williams,

toll free, at

{-979-8575 to view this exceptional property In Gibsons.
Sussex Group — S.R.C. Realty Corp

"

City and Wat

uites

er

over 3%, and a low infla-
tion rate of just 2%.

These factors, together
with a bank rate expected to
be stable at 6%, and a 2.5%
growth in) population,
promise a relatively good
period for the housing in-
dustry.

It wis noted, however,
that the indtstry appears to
be in the mature stage of a
housing cycle, and changes
could occur quite quigkly if
sone elements change, such
as an increase in the bank
rate or an escalation in land
prices.

Your Realtor

on the
SUNSHINE

“For Superior Service
on the Sunshine Coast,
call Susan at Sussex
in Sechelt” 681-7931

Views Available!!
Tired of throwing away money on rent?
*On site preferred financing with CIBC
¢ Discounted legal package

¢Insuite laundry « No GST!
* Concrete floors * Secured U/G parking

Sales Office: 983-0685
360 E. 2nd Street,

North Vancouver
Mon-Thur 2-7 Sat & Sun 1-5

30%
soid
in 3 weeks

Lonsdale Ave.

Lonsdale Quay
Seabus Terminal

East 2nd Sureet

St. Patricks Ave.