Factors combine
for better market

A NUMBER OF key factors
in the economy are combin-
ing to create an extremely
favorable market for buying
and selling real estate, ac-
cording to Cora Toth, B.C.
Regional Director for Realty
World Canada,

' According to offices
throughout the province of
B.C., sales are growing in all
Property groups including
residential, commercial,
agricultural and recreational.

FACTORS :
This is the result of the
combination of a number of
key economic factors.
*liiterest rates have settled
at the lowest level since the
late 1970's and it appears
they will remain at or near
that level ‘for the foreseeable
future. mS ,
Property prices are very

favorable and are remaining

stable.

_ *Consumers are returning
to the market after
holding-off purchase deci-
sions for. much of. the last
four years. ;

- Increased com-
petitiveness among lending
institutions is creating some
extremely’ flexible - options
and very attractive financing
options, .
. “Overall, we have seen

our customers return to the:
market in’.very ‘substantial

numbers since the beginning
of the’ spring. buying
season,”’ says Toth.
WISE INVESTORS
‘*Possibly ‘the most

significant indicator is that
many of our.cusiomers are

- DUNDARAVE TERRACE
PERFECTION iin condominium. living is the
feature of this 2 bdrm, 2 bath and den suite with
a superb ocean view. Spectacularly upgraded
to include a floor to ceiling Italian marble f/p in
the spacious living rm, a wet bar in the den, side
by side refrigeration/freezer, full ensuite, alarm
system, mstr bdrm/bthrm suite with a walk in
closet and separate jacuzzi tub & shower,
secured u/g parking and entry lobby, privacy
+++. All this and only 2 bik to the Seawalk
and the retail shops and services. A perfect loca-
tion for the serious investor. Vendor is willing to
consider a lease back management. For details
& appointment to view please call

the ‘wise investor’ types who
are purchasing property for
value appreciation.”

Toth points out this is
confirmed by Realty World
offices throughout B.C.

-In the Okanagan, the
company has seen a 30% in-
crease in the number of pro-
perties sold over the last 3-
months compared with the
same period in 1984, ;

-Victoria property sales
are up 34% in the first seven
months of 1985 over the
same period last year .and
July tad the highest-ever
volume of property sales
since such figures have been
recorded.

-In Fort St. John, twice as

MOST CANADIAN centres
continue to enjoy strong
mortgage demand.

The unusually strong pace
set during the summer has
yet to show any sign of slow-

ing, according to Royal
LePage bulletins.
As well, the. trends

‘established in early. summer
remain. New home owners
“are selecting long-term mor-_. €
: “Market Bulletin is based on

tgages, particularly five-year
terms, while .mortgage

renewals are forthe short:

term, from one to two years.

The commercial-, sector
also is active, said a
spokesman.

' ‘ ‘THE PERFECT WATERFRONT LOCATION . A

‘A unique contemporary architect designed 5 level farnily home for the most discriminating pur-
chaser —~ close to Vancouver and on the way to Whistler — the best of all worlds — private loca-
tion — separate studio and separate beach houses — a 5000 sq.ft. home complete with six BR's,
elevator, indoor spa, exercise pool area, double and triple glazed windows throughout, sloping skylit
ceilings and patios and baiconies designed to take maximum advantage of the sweeping S.W. views.
Construction is of the higest possible quality and is complimented by landscaping designed to
enhance the unique natural topography. For an appt. to view this magnificent property please call

. MRS. HEATHER M. WILLIAMS 922-4063 .

“POTENTIAL PLUS”

BURNABY 1ST TIME OFFERED!
More than your average 4 bdrm cedar & glass
home. From the sunken living rm with soaring
{ip to the private mstr bdrm wing OR up the spiral
staircase to the artist's studio, this fabulous Bur-
naby contemporary will surprise & delight you,
even a potential bsmt ste. $139,500 MLS. Call
for many more detials. .

BOB OR CONNIE LITTLE 922-5013

“READ THIS”
Mige Rates are down; GIC’s are down; & rents
are still going up! Invest now in this ‘‘one-ol-a-
kind" Kerrisdate townhouse. Cal! for personal ap-
pointment &/or full details. $149,500 MLS.
BOB OR CONNIE LITTLE 922.5013

‘Mortgage demand
_remains strong.

much property was sold by
the end of July as in all of
-Lower Mainland real
estate activity has also been
increasing steadily.

LOW RATES

Second-time _ residential-
buyers are taking advantage
of the low-borrowing rates
and of the equity they have
built-up to move up to more
expensive accommodation.
There is a significant influx
of first-time buyers in the
marketplace as well. ‘

“*This is definitely one of
the most positive environ-
ments for buying and selling
property.’'

**Mortgage demand for all
types of commercial proper-
ties has increased. Of par-
ticular note is an increase in
the industrial sector where
steady leasing activity has
encouraged developers to
undertake industrial con-
struction this fall,’’ said the
spokesman.

The. Canadian Mortgage
information from Royal

LePage’s, -residential ‘ and
commercial real estate man-

., agers across the country who

are in daily contact with the
Canadian money market.

2 baths, sauna, tastefully dev. bsmt., quiet secluded area, clase to all amenities. $133,900
To view, call ve :

43 - Friday, November 1, 1985 - North Shore News

Yi
MITTEN
REALTY

REALTY Jeremy Leevers

’ “BEST BUY IN AMBLESIDE!”
Beautifully decorated 2 bdrm. sulte in an easy
access Ambleside location. This home is a joy
to show! Decorated by G. Kollas. Loaded with
leatures a cite. Lot

From this super custorn new West Van home!
1-of-a-kind! Park frontage! Sandy Cove. Pick
your finishings. Call for details!

“A TRUE’ FAMILY HOME!”. -
All the room you need is here in this family siz-
ed Tudor home in prestigious Chartwell! Terrific
floor plan! The yard is fully landscaped & fenc-
ed. The view goes forever!

o E’ FOR CONVENIENCE!”

Huge (800 sq.ft.) 1: bdrm. suite! % blk.. off
Lonsdale! Fully” appllanced, woodburning
fireplace! Large private patio. Excellent building!

“A ‘SUITE’

~ “START HERE! SAVE!”
‘Centrally located character home with a great
2 bdrm. in-law sultel Locaed In Upper Lonsdale!

Financing available. Calt to view.

“PLANS & PERMITS INCLUDED!” *
Semi-waterfront! Garrow Bay —- West Van!
Heritage home that is ready for renovation! Save
$’s now. You can view, anytime.

DENISE EAVES MARV GRAVES (VAR. FOSSEN

BLUERIDGE — IMMACULATE 3/5 BDRM. HOME _

DENISE EAVES 922-8693
SHIRLEY JOY 980-8585

i AS eal
SPECIAL & SPACIOUS
Prime area! Private lot, 3 bdrm plus family home,
from tiled entry to covered deck this home Is for
a large family. Offers to $149,000
SHIRLEY JOY 980-8585
ELLEN GREGG 985-2045

Looking for an active family. Ravine lot backing

on to creek, recently decorated & upgraded. 4

beds, plus rec. rm:, Eagle Harbour $164,700
ELLEN GREGG 985-2045

WATER FRONT BARGAIN

Choice West Van location right on the
beach. Yours to enjoy and asking only
% $225,000.
PAUL COLLINS 922-1619,

MRS. HEATHER M. WILLIAMS 922-4063

MRS. HEATHER M. WILLIAMS 922-4063

Spacious 2 bdrm. ste. with fantastic water view.
In-ste. laundry, secured parking, near beach,
shops. 1002-1480 Duchess Ave.

PAUL COLLINS 922-1619
980-8585

980-8585