68 - Friday, July 12, 1996 ~- North Shore News

4, ° “a ver “my pone anes .

yaad

MORTGAGE lending activity gradually increased through the second half of 995. and the beginning of this: year, according to the latest edition of Mortgage Market Trends, released by Canada Morigage and Housing Corporation (CMHC),

“This was largely due to the progressive reduction in mortgage interest rates over the past year.” said CMHC economist. Gilles Proulx, “Reduced lending costs were a key factor in the recovery of mortgage lending and the resale housing = market. Additional mortgage lending could come from the new home market, which has shown increased — activity recently. Lending is expected to rise between 3 and 5 this year.”

Also, longer term mort- gages have made a comeback over the past decade. This development is traced to low inflation in Canada and to new financial — products.

~ ; Photo aubmitied RE/MAX Crest Realty’s ball team won the Smiling Buddha trophy at the annual North Shore Realtors’ basebal! finals. team mem- bers include Joe Liloyd, Jib Street, Jeff Donohoe, Kely Gardiner, David Angel, Brian Rybchinsky, John Lichtenweld, Deanna Nuesslin, Tracey Thompson, Montie Donelly, John Humphreys, Tammy Bennett, Trevor Inglis, Strato Malamas, Daryl Rusin and

Current low mortgage rates may also help shift demand toward longer term = mort- gages, as consumers often choose to lock in when mort-

gage rates reach bottom.

Haneef Virani.

(ee)

CE

f

ARBROOKE

GARDEN APARTMENTS =

* SWIMMING POOL *

PLEASANT VIEWS AND FIREPLACE $169,900

#416 - 555 W. 28TH Upstairs, quiet location, end unit. You'll like the very pleasant outlook, woodburning F/P, hardwood floors under the carpet, newer fridge, stove & dishwasher and the easy possibitity for insuite laundry. One of the best!

i . - x oe 4a 4 SEL ON TOP OF THE WORLD

) Wide open, spacious, gorgecus views tram these 2 one bedroom suites. Both with nice updating. Ideal tor first time buyers while pricr.s & rates are low.

{ #1902 & 2004 - 145 St. Georges

Le

LUBHOUSE * CHILDREN'S PLAYGROUND

OVERLOOKING THE MEADOWS $173,500 One of the finest! Spacious ground level, beautifully kept and has some nice updates. Brights & private, you'll enjoy the outiook over

the gardens and meadows, You can have J

carpet or H/W floors and insuite laundry is easily possible if desired.

$185,900

Stet pcen tas is, .

- ALL THE COMFORTS OF HOME Spacious 2 bedroom suite. 1130 suit, plus 2 balconies, a woodburning fireplace, large living rcom and dining room, 1.5 baths,separate laundry and storage tull size appliances. Pleasant views-downtown skyline, mountains and the gardens. Cat or dog is welcome.

STARTER HOUSE $255,000 Sturdy solid 2 bedroom older home with some updating and 4 full undeveloped basement. Gardener's paradise with established flowers & shrubs.

Sussex Group ~ §.R.C. Realty Corporation Lonsdale Office 984-9711

st

OPEN SUNDAY 2-4 1159 HERITAGE BLVD. N.V.

FANTASTIC 3 LEVEL TOWNHOME, lovely fiving room, separate dining room, new kitchen, with eating area, plus family room opens to private patio. 3 spacious bedrooms up, 2 luli baths & powder room on main lower level, laundry room, a great rec rm 21'x13! to be completed. Excellent condition throughout, original owner.

925-29 922-8752

Sussex Group — S.8.C. Realty Corporation West Van Office 925-2911