“retirees, - and, REAL ESTATE. anneal Vancouver real estate | market remains active A DECLINE in the number of homes’ ‘Asted for sale and an increase in buyer demand in recent months have put upward pressure on the price of homes in most parts of ’ British Columbia, par- ticularly in the Vancouver’ area. , According to the Royal LePage Survey of Canadian ‘House Prices released recently, typical increases in * house: prices ‘in Vancouver. are in the 10 per cent range compared with a year ago, with much of the increase cortag in the past. three mo.;.3s after a _Telatively «stable fall and winter. On the west side, where demand has been particularly strong, price increases are even gfeater. : ““Corsumer confidence in the. economy .and.: relatively moderate interest rates have helped stimulate the demand” + for homes,’’ says . Jerry Jackman; vice-president and divisional: general manager for Royal LePage Residen- tial: Real Estate: Services in‘ British Columnbias |. “We're also” secing . a significant: influx of buyers =: from: other areas, including ”. ‘Corporate’ reloca- tions from Eastern Canada, _of -course, Asian’. , buyers, ** Jackman adds... : He also points out that the : low’ vacancy - rates ‘and rela-.. tively high rents are influen- ing many jrenters to con: .. - The » sider buying homes.:’ ‘ ncighborhoods, . Royal LePage Survey in- dicates rents. for a two- bedroom apastment in Van- couver range from $500 to $1,000 per month. Jackman’s comments coincided with the release of the April, 1988 issue of the Royal LePage Survey — of Canadian House Prices. The quarterly, cross-Canada study tracks the estimated selling price of six categories. of housing in close to 200 communities from coast to coast. Kerrisdale has experienced the greatest increases in the 13 Vancouver areas reported in the Royal LePage survey. A ‘detached bungalow in Kerrisdale has increased 18.2 per cent in the past year to $260,000, | An exccutive detached two storey home in the same area has increased an estimated.” $50,000 in the past three months. alone and’ is ‘now valued at $370,000. : Vancouver price in- creases have’ been more moderate. :In North ‘'Van- In other” _cotiver, an executive’ home i is up just over 10 per’cent in the past year to $185,000, while a standard two storey * home has risen 9.6 per cent. to $149,000 during the same period. An executive home in Burnaby is up 7.7 per cent - to $182,000. Half of this in- crease has taken place since _ the beginning of the year. - » Similar trends exist” | DARCY McCLARY Office: 986-9321. Pager: 645-3561 most affordable, outlying areas. In Langley, a detach- ced bungalow has increased 8.1 per cent in the past year to $93,000, while a similar bungalow in Maple Ridge is up close to five per cent to $87,000. In both cases, a significant part of the in- crease in value has occurred during the past three mon- ths. The pattern is much the same throughout the pro- vince. In Victoria, a detach- ed bungalow is up an estimated $8,000 since January to $108,000. Prices forall six types of housing listed in the Royal LePage survey in Victoria have in- creased’ iver 10 per cent in the past year. House prices in Penticton have been the most stable in the province, although there are indications of higher demand recently. An execu- tive home in Penticton is up 3.4 per cent to $90,000 since ‘last. April and a. statidard town house is available for $53,000, $1,000 more than at the same time last year. ! Resale housing values quoted“in the Royal LePage , Survey of Canadian House Prices represent the estimated. current market value of typical homes: and are compared with. figures reported three months ago and a year ago. The prices cited are Royal LePage opi- _nions of fair market value i in. § . ~-each location. ; * Crane Y ae THAN NEW! we } Heated and filtered pool overfooking the stunn- ity § to own your first home. No work to be done. Rear 61 - Friday, April 22, 1988 - North Shore News” Here’s the fastest route to an open house this weekend. — The Homes section.of the Frxday News features a zoned map of North arnkd West Vancouver and it makes your house- hunting easy. * Zones on the mop are clearly numbered, 1 to 35 from Horseshoe Bay to beep Cove, * Individual ads throughout Homes section may inchde the zone ‘number of their location”-— the number ap- pears to the left of the headline. - * All Open Houses’ including price range ara the page number ‘ot the complete ad, are hsted beneath the map. © All homes that are new con the market, includ price, and page number of complete ad, are iso sham | under the Map. Prepare. your tour of North Shore homes: ® Use the map and the list of ‘opens’, make a lst of the ‘opens’ that you want to visit, © Use the advertiser's index and check the cornpicte description of the ‘open house.’ « Use the Zone Number that appears .on advertised pe parties in the Heres section. Make a list of any other Tats. along your