86 - Friday, September 23, 1988 - North Shore News

CANADIAN CONSTRUC-
TION starts in the first half
of 1988 versus the first half
of 1987 increased in almost
all categories, according to a
recent CanaData survey.

The exceptions were resi-
dential starts in both square
footage and dollar terms and
industrial starts in square
footage terms only.

The decline in the square
footage of residential starts,
-19 per cent, was the major
reason for the decline in the
square footage of ali
building starts, down 10 per
cent te 194.7 million in this
year’s ‘irst half versus 215.2
million in last year’s first
half.

Residential starts account
for over 50 per cent of the
total buildings category. In-
dustrial starts in square
footage were also down but
only minimally, to -I per
cent. Commercial and_ in-
stitutional square footage
increased.

TOTAL INCREASES

In dollar terms, the starts
on total buildings increased
9 per cent to $12.9 billion
from $11.8 billion.
Engineering starts are re-
corded only in dollars and

529 EAST 9TH ST.

they increased 24 per cent to
$2.9 billion from $2.4
billion. Therefore, the collar
volume of all construction
starts increased 12 per cent
to $15.8 billion from $14.2
billion.

Construction start data is
compiled monthly by
CanaData, an operation
within Southam Building
Reports and a member of
the Southam Construction
Group. CanaData provices
the construction industry
with statistics and forecasts,
The starts figures are impor-
tant because they are ad-
vance indicators of the de-
mand for the products of
many manufacturers and
suppliers in the construction
industry.

In square footage, starts
on residential construction
declined 19 per cent to 111.9
million so far this year com-
pared with 138.2 million
through the same period [ast
year. The decline in dollar
volume was 11] per cent to
$5.6 billion from $6.2
billion.

STRONG YEAR
1987 was an exceptionally

Strong year for residential
starts and a decline this year

Michael Hotfman
926-9841

REAL E:ISTATE

had been anticipated. The
regions which are sowing
increases this year are those
in the West which had miss-
ed out on the earlier success
in this category.

It seems that they are just
now starting to catch up.
The East to West regional
changes in dollar volume,
first half 1988 versus first
half 1987, have been: the
Atlantic, -29 per cent;
Quebec, -!! per cent; On-
tario, -21 per cent;
Manitoba, -23 per cent;
Saskatchewan, +24 per
cent; Alberta, +4 per cent;
and British Columbia, +22
per cent. Particularly strong
in the West this year have
been starts on apartment

Seniors’

From page 74

These communities are
one alternative to staying in
your large home. There are a
few things to consider before
deciding to move, however.

Most do not allow pets,
some expect a degree of in-
volvement from residents as
far as running the develop-
ment is concerned, residents
may experience a slight
reduction in privacy, and

Mary Porter

686-1563 pgr., 986-9321

¥. — GRAND BLVD.!

: Hot new listing —- gorgeous 50x147’ fot, partial view!! Full basement — 9 ft. #
B ceilings, exira bdrm., bath down. This won't last. $152,900
i MARY PORTER 696-1563 (pager), 986-9321

x LOTk kx

Eagle Harbour location on quiet

street. The lot is flat,

easy to

build on, and backs onto a
creek. Close to beach and

marina. Call

MICHAEL HOFFMAN

926-9841

buildings and other multiple
unit structures.

Commercial staris have
continued to shine in 1988.
Commercial square footage
nationally increased 11 per
cent from 42.6 million to
47.) million. The dollar vol-
ume rose 31 per cent from
$3.04 billion to $4.0 billion.

The regional changes in
dollar terms have been: the
Atlantic, +1 per cent;
Quebec, +70 per cent; On-
tario, +8 per cent;
Manitoba, +180 per cent;
Saskatchewan, -25 per cent;
Alberta, + i9 per cent; and
British Columbia, +82 per
cent.

The premier performer in
this category was starts on

office buildings, but there
was also particular strength
in hotel/motel construction.
There was an impressive list
of large commercial projects
which started in the first
quarter of this year including
BCE Place and Phase 2 of
Waterpark Place in Toronto
and the Chateau Whistler ski
resort in British Columbia.

PROJECTS BUILT

In the second quarter,
there have been some addi-
tional large projects which
are worthy of note in-
cluding: the Canlands of-
fice/retail/hotel project in
Ottawa; an office and retail
tower for Olympia and York

in Edmonton; an office and
retail tower for Cadillac
Fairview in Vancouver; the
Toronto-Dominion Place
office tower in Winnipeg (32
storeys); the Market Village
project in Markham, On-
tario; and an addition to the
Chelsea Inn in Toronto.
Commercial starts have been
increasing steadily since
1983.

Institutional starts have
performed solidly in the first
half of this year. In square
footage, the total Canada
figure has increased 16 per
cent from J0.3 million to
11.9 million,

In dollar volume, they
have risen 20 per cent from
$1.2 billion to $1.5 billion.

developments offer much

there are usually rules to
follow.

On the other hand, there
are social bencfits, such as
making friends with
neighbors and being able to
trust them to look after your
home when you travel.
Maintenance is no worry and
there is less responsibility
and less cost involved.

Some. developments also
offer amenities such as

communal dining areas, or-
ganized activities, cleaning
and faundry services and
close proximity to communi-
ty facilities.

It’s all a question of what
the individual wants and
how much he wants to
change his lifestyle. It’s im-
portant that the homeowner
assess his needs and expecta-
tions before selling his home
and buying into an adult-

oriented development.

As in any real estate pur-
chase, there are the normal
things to consider when buy-
ing a condominium — price,
location, amenities, etc. In
this case of buying into a
multi-residence develop-
ment, however, it would be a
very good idea to look into
the background of your
builder.

GEORGE C. JONES

988-7625
986-9321

871 FAIRFIELD RD..,
OPEN SAT. 2-4

; See this lovely 5 bdrm. (3 up, 2 down), home. Fantastic water view! Huge sundeck, extensive remodell-
ing. Slylites, 2 baths, dole. carpeot. Clean and bright.

GEORGE c. JONES 988- 7625

ILIONS BAY!! 500 BAYVIEW

H Lovely 4 bdrm. contemporary, wrap-around deck with stunning panoramic view! Approx. 2700 sq.ft.
of gracious fiving. Check the features — hot tub, see-thru fireplace, tevel lot, built-in vac., & much,
much more! Vendor says bring offers!

GEORGE C. JONES 988- 7625