1 sta rts.

| gee 4 40 per cent
March increase

HOUSING STARTS_ ins
creased nearly 40 per cent in .

. . March over :February,’ ac-" ;

* cording to statistics teleased

recently by... Canada © Mor-"

tgage and Housing Corpora:
“tion.”

Total starts are 1 1845 units:
._.for urban British: Columbia, .

“up from", 1326 units in 1 Feb-

ruary to 900 units in March.
Condominium: starts in, the

Vancouver CMA. account .
: for most of this gain.

Single detached starts total
945 units in March, up. 22

. percent. over-776 units in.
: February. ‘This ‘increase is

consistent with, . the spring

“upturn in construction activ-.
2 ity. an 7
>, Changes’ in mortgage. ‘ine:
~“terest rates over the’ Past year .;

have shifted borrower pref-

_ “erences ~ to shorter: loan

= , terms.

cent: of. all. purchasers are

faking: six-month term loans’

-today, compared to three per
cent a year ago. S

By .contrast, only: 20 per
‘cent of. NHA’ borrowers are’

aking five year: term mor-. -
1 (gages today as compared. to m

39 per cent a year RO.”

EPHAM: 1495-7726) :

Data. from NHA™ insured |
Mortgages show that: 11 per

° “CRANES « ND “cables form. a a shadowy

Osoyoos. Lakes Close: to own.: TERRIFIC: poten:
for:t

{ sidential lots. F.P:

$324.00