REAL ESTATE
Lower housing costs
boost afforability

THE COST of buying a
house continued to decline
in all Canadian metropoli-
tan centres in the Jast half
of 1991, according to
Canada Mortgage and
Housing Corporation's
(CMHC) affordability in-
dicator.

The affordability in-

dian Housing Markets
report, attributes the decline
in the cost of buying a
home to the combined ef-
fects of declining mortgage
interest rates and relatively
stable house prices from Ju-
ly to December of last year.
Lower costs mean that a
jarger percentage of first-

“time buyers should be able

“At 9.5% in December,
the interest rate for a
three-year-term mortgage
was at its lowest level in 18
years. Despite increased
taxes and heating costs, the
lower rates and declining or
stable house prices lowered
the cost and the income
needed to buy a house in all

HOBBY FARM

9.8 Acres with a 4 bdrm. modern ran-
cher. 15 mins. from town centre. Elect.
heat, 5 app, healator F/P in fam. rm.
patio BBQ, doors to new deck with rock
bba. 4 stall barn & lots of clearing, very
private, river nearby for fishing. Asking
$235,000. Cail HELEN MAGEE

LOVELY RANCHER
With superb open floor plan and choice
Highlands loc. Extensively remodelled.
2 car overheight garage, easy care
Jandscaping. 80x110 treed fot. 3 ige.
bdrms, 2 baths, bonus fam. rm. open-

ing onto sunny rear deck. $169,900. -

NANCI FULTON

Friday, March 13, 1992 — North Shore News -— 73

dicator, published semi-~

: annually in CMHC’s Cana- to afford a starter home. ’ See Lower page 79

ACREAGE

1 mile from town, with mtn. view. 2.09
acres with 4 yr. old, 5 bdrm, 1295 sq.ft.
home in subdivision of 2 acre parcel.
lots with nice fam. homes. Licenced
day care in basemt. with laund. full
bath, 2 bdrms. office and Ige. fam. rm.
fully equip. for kids. Ige. deck across
back of house. $239,500. Call HELEN
MAGEE

MULTI—-LEVEL

3000 sq.ft. view home on 81x150 tot in
Garibaidi Highlands. 4 bdrms, 3 baths,
fam. rm. off kit. plus bonus games
room off dramatic 2 level entry, vaulted 4
ceilings and expansive covered deck.
Well below builder's cost at $179,900.
NANCI FULTON

VIEW IN UPPER LONSDALE — 325 WEST 27th STREET, NV.
Near new magnificent downtown view, excellent layout with 4 bedrooms up & 3% baths, fully finished
basemeni. Large deck, fully equipped with built-in vacuum, alarm system and much more. Clese
to schools, shops and tec. facil. MUST SEE.
SUSANA CHAN 439-6820, 988-8629

GEORGIA PACIFIC REALTY CORP.

688-5917 24 ns.
892-3571 26 tis.

SECURE REALTY LTD.
38162 CLEVELAND AVENUE
SQUAMISH, B.C.

VAN. DIRECT:

681-9260

| can get you any of these at 5% down
7at an interest rate that is half a percent
i !ower than the current interest rates.

984-9711

M.L.S. Medallion Club
Member — A
Designation for the
Top 10 % of Realtors
in Greater Vancouver
for Homes SOLD

Do you want to be a tenant all your
life? $6000 down payment will put
you in the real estate market. 3.
bdrms, 2 bath family home. Has
, large yard with swimming pool sur-
; : , , 3 Lo . rounded by wooden decking. Great
4 . ” fB: oe : starter home or investment
$279,900 | s . : : : possibility. Asking $119,900.
OPEN MAR. 14,15,21,22

CALVERHALL BEAUTY « G
WITH A VIEW! ah : — - vb oan
Lovely well maintained home ina quiet WEN TRRes: a a LINDA SATRE 898-4162
a neighbourhood close to all amenities “Gt Le a ; ; ; 892-2290

on a gorgeous view landscaped south

a facing large corner lot. Over 2000 sq.ft. :

f of spacious living, great for entertaining
including a fully finished basement with

J to do but to move in, CALL NOW FOR
YOUR SHOWING! 1093 Adderley St.

A SLEEPER IN
CENTRAL LONSDALE!

Cute and cozy west of Lonsdale home
with 3 bedrooms in all. 2 up and 1 down
with further development potential §
down. Lovely 50'x140' south side}
partial view lot in an excellentf
neighbourhood. CALL NOW FOR
YOUR SHOWING!

37963 Magnolia

| HAVE YOUR TICKET
TO PARADISE

Absolutely gorgeous top quality
home, 6 bdrms, 4 full baths, large
oak kitchen with eating area, 2

fireplaces. Lots of skylights — jj

BRIGHT, BRIGHT, BRIGHT. 2 in-law
suites so you can have both
mothers & fathers. Property con-
tains unauthorized’ accommoda-
tion. Asking $229,900
Private Showings only
LINDA SATRE 898-4162
892-2290

EXECUTIVE CALIBRE
Contemporary home in quiet
residential area in Squamish. For-
mal living and dining room, bright
& cheerful kichen with eating area,
family room with fireplace, large
sundeck off family room. 3
bedrooms, 2 baths up & another
bathroom in finished basement.
has massive wood burning airtight
for economy. Asking $188,800

OPEN MAR.14,15,21,22

+4 p.m.
LINDA SATRE 898-3160
892-2290