So - Friday, March 18, 198% - North Shore News

REAL Estate

CANADA-WIDE

Construction starts up dramatically in 1987

CONSTRUCTION STARTS in Canada in 1987 were well ahead of their levels in 1986.

This held true for almost all of the major categories of construction including resi- dential, commercial, in- dustrial and enginecring work. Only the institutional category turned in a lacklustre performance.

In square footage, the starts on all building projects rose 24 per cent 10 434.9 mil- lion in 1987 compared with 352.2 million the previous year. The dollar volume in- crease was 2! per cent to $24 billion from $19.9 billion.

Engineering starts are only recorded in dollars and they increased 24 per cent to $6.1 billion from $4.9 billion. Therefore, the total dollar volume increase of afl con- struction starts was 21 per cent to $30.1. billion from $24.8 billion.

Construction start data was compiled monthly by CanaData, an operation within Southam Building Reports and a member of the Southam Construction Group. CanaData provides the construction industry with statistics and forecasts.

The starts figures are im- portant because they are ad- vance indicators of the de-

mand for the products of many manufacturers and suppliers in the construction industry.

Residential work headed the strong ficld of construc- tion categories in 1987. In square footage, starts on res- idential work increased 27 per cent to 262.1 million compared with 206.4 million in 1986,

The dollar volume in- crease was 33 per cent to $12.0 billion from $9.0 billion. The cast to west regional changes in dollar volume, 1987 versus 1986, were: the Atlantic +11 per cent; Quebec +437 per cent; Ontario +42 per cent; Manitoba -27 per cent: Saskatchewan -26 per ce:t; Alberta 4-40 per cent; and British Columbia +437 per cent.

Two features stood out in the list of the largest residen- tial projects to start in the latest quarter. Work started on a couple of large senior citizens complexes in the province of Quebec. Also, the Ontario market was again dominated by a long list of major condominium projects.

Starts on commercial pro- jects in 1987 continued to climb but at a somewhat

slower pace than in some of the other construction categorics.

Commercial square footage increased 19 per cent from 80 million to 95.5 million. The dollar value gain was 12 per cent fram $6 billion to $6.7 billion.

The regional changes in dollar volume were: the Atlantic +78 per cent; Quebec +9 per cent; On- tario +27 per cent; Manitoba. -20 per cent; Saskatchewan +50 per cent; Alberta -46 per cent; and British Columbia +41 per cent.

Several interesting large commercial projects were started in the final quarter of 1987,

In Montreal, there was the stari-up on Le Palais Hotel. This involves the renovation of a former bank building.

There were also beginn- ings on the Eaton Cenire in Hamilton for Cadillac Fair- view and on London Square in London, Ontario, for Campeau Corporation.

Commercial starts have been on the upswing since 1983. 1987's volume in both square footage and dollars was more than double the trough levels of 1983.

ENJOY A SEMI-WATERFRONT LOCATION IN “DOWNTOWN” DEEP COVE

PANORAMA PLACE - VIEW! VIEW!

Very special 1 and 2 bedroom apartment homes are now available in the charming village of Deep

THE BEST UNDER $130,000!

FIRST TIME BUYER? RETIRED COUPLE?

Consider this beautifully & totally reno- vated 2 or 3 bdrm. 1360 sq.ft. home that offers something different. Large fireplace, 2 {full baths, skylites & a private, fenced tow maintenance yard. Asking only $128,900. 1922 Garden Ave.

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PACIFIC REAL ESTATE LTD. #203-250 15th St., West Vancouver

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Exclusive Poskitt design. Tudor style, meticulously built by JW. Jansen, 2200 sq.ft. features 3 bdrms, den, sunken fiv- ing room, skylights, vaulted ceilngs, 2% baths including ensuite designed to im- press you. For more details call Ralph. Priced $240’s. 4300 block Capilano Rd. Move in March ‘88.

fae eee eae FAC eR eat

AAT

2 NEW HOMES PRESTIGIOUS WEST VANCOUVER LOCATION NEXT TO TIDLEY COVE & LIGHTHOUSE PARK

Your choice: Plans are being down for 2 quality homes of 2700 & 3000 sq.it. Both homes will feature 4 bdrms, 3 baths, 2 fireplaces, shake roots, 2x6 construction & extensive quality finishes. Now ts the time to customize! Asking $374,000 & $389,000.

4073 CALEDONIA AVE.

Super home located in desirable Deep Cove. 2000 sq.ft. floor area, including a fuity finished ground level basement. Lots ot accommodation with 4 bedrooms, 2 full baths. You can eat Sunday brunch every day in the beautilul solarium.

ASKING $139,800

Cove at extremely affordabie prices. Starting al i (a4 rd

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Are you on a tight budget but dream of a new home? These 2 gems may

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baths, fireplace, cedar siding, large lots. Construction starts soon. Call for

further details. Asking only $142,500.

Features include:

e in-suite laundry & storage ¢ Six quality appliances

© Woodburning fireplaces

© All window coverings

® Adult oriented building

© Large sundecks

A WORLD CLASS LOCATION...

¢ 25 minutes to downtown e 3 minutes to hiking trails

* 20 minutes to skiing ° 2 minutes to beach * 7°15 minutes to Central Lonsdale ¢ 2 minutes to yacht club % # * 10 minutes to shopping centre * 1% minutes to world class restaurants @ a * 5 minutes to golf course ¢1 minute to medical centre mm ° 4 minutes to neighbourhood pub « Ye minute to Panorama Park

JALL HOMES PRICED BELOW APPRAISED VALUE!)

OPEN SAT. & SUN. 2-4:30 P.M.

or may be viewed anytime by appointment

2 BUILDING LOTS — NORTH VANCOUVER

Lot 1-—— 54.4 ft. Frontage, 5949 sqft. , Lot 2— 51.4 ft. Frontage, 6513 sq.ft. Level, serviced & easy to build on. BARGAIN PRICED FOR THE BUDGET CONSCIOUS! ASKING $63,500 EACH

2181 PANORAMA DRIVE DEEP COVE, NORTH VAN

(Southwest comer of Gallant Ave. & Panorama Drive in “downtown” Deap Cove) -

RALPH BENNETSEN 980-9640

LAURIE WILSON 986-1801