66 - Friday, October 23, 1987 ~ North Shore News’

ACCORDING TO ROYAL LEPAGE

esidential market to remain stron

RESIDENTIAL REAL estate markets in most major Canadian centres are forecast to maintain strong levels of activity for the re- mainder of 1987.

A -healthy national economy and relatively moderate interest rates are the two major factors in- fluencing the year end forecast.

“Providing interest rates don’t increase significantly, we expect a nine per cent in- crease in the number of homes sold across Canada by the end of the year,’’ says Ozzie Jurock, president, Royal LePage Residential Real Estate Services. ‘‘Unit sales in 1987 are forecast to reach 300,000 compared to 274,633 units in 1986. With the predicted 215,000 new housing starts across Canada this year, the total number of both new and resale houses sold is: forecast to reach 515,000 units.

“We expect the average price homes across Canada to rise 16 per cent this year to $110,000,’’ says Jurock. “That’s over $15,000 higher than the 1986 figure of $94,902.

**1987 has been a year of recovery in a number of ma- jor markets,’’ he says. ‘This is especially true in areas such as Ottawa, Calgary, and Edmonion where im- proved economic situations have bolstered residential housing activity.

‘*Perhaps the most notable increases in market activity have taken place in Vancouver and Calgary, where unit sales by year end are forecast to climb 30 and 42 per cent respectively,” says Jurock. ‘‘The prolong- ed period of higher oil prices continues to encourage buyers to enter housing markets in Calgary and Ed- monton, while strength in the service, tourism, and forestry industries is fuelling

- GROUSE WOODS

the market in Vancouver."

Housing markets in Win- nipeg, Saskatoon, and Mon- treal are also expected to continue to enjoy healthy real estate activity.

Pent-up demand, especial- ly among first-time buyers, prompted significant in- creases in selling prices in Montreal during the first quarter of 1987. Although market activity has since stabilized in that city, the value of homes is expected to increase 15 per cent by year end.

In areas such as Hamilton and Toronto, residential real estate has adjusted to more normal levels of activity after experiencing excep- tional first quarters of 1987. The predicted increases in selling prices in these two cities by. year end are the most significant in Canada, with Toronto forecast to climb 30 per cent and Hamilton expected to rise 19 per cent.

BETTER THAN NEW! FENCING AND LANDSCAPING ALL DONE! VERY POPULAR SPLIT LEVEL WITH 3 BORMS., FAM. RM., DEN, 2 F/P’S, 3 BATHRMS., LOVELY MTN. VIEW! SPACE IN BSMT.

FOR MORE DEV.! 6 MTHS OLD AND ASKING ONLY $239,000.

EDGEMONT VILLAGE LOOKING FOR THAT SPECIAL RANCHER? THIS IS IT! LARGE UR, DIR, KIT.,.3 BORMS., DEN, PRETTY LOT, PERFECT PATIO, PRIVATE GARDEN! $150°S! ok

PANORAMA VILLAGE LEVEL ENTRY TO THIS SPACIOUS TWO BDRM. UNIT. JUST PERFECT FOR RELAXED LIVING AND EX- CELLENT REC. FACILITIES! HUGE SUNDECK OVERLOOKS BEST VIEWS IN TOWN! SEE IT SOON! ASKING $199,000!

KERRISDALE JUST LISTED THIS ONE BEDRM. APT. IN QUIET BUILDING — A SHORT EASY STROLL INTO KERRISDALE VILLAGE! ASKING $59,900!

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984-0421

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MORE NEW VIEW HOMES AND LOTS COMING!

F ie in ota iy He ONLY IF YOU DESIRE SOMETHING VERY NICE

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17. NEW 4 BR — $150’s! Only one of 4 available — these super 2 level homes boast huge kitchen/nook/family room areas & accommodation plus! We'll finish to suit — $154,900 and up.

SOREN FREDERIKSEN 984-0421

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29. HARD TO REPLACE...

y At anything close to this new price! This large

accommodating family horne boasts three fully finished levels, deluxe landscaping with decks & swirlpool, and a big, private lot! Please view

with : SOREN FREDERIKSEN 984-0421

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33. LAST CHANCE!

4 Custom plan, custom finishes, but a very

pedestrian price —- this new 2 storey, full bsmt., Seymour home MUST BE SOLD! Offers! SOREN FREDERIKSEN 554-0421

UPPER LONSDALE

This is it — new 4 BR full bsmt. Upper Lonsdale family home on a very quiet street. Low $190's

— hurry. SOREN FREDERIKSEN 984-0421

DIDN'T LAST More to be buiit — for details call, RAE PHILLIPS 522-0387

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24. UPPER LONSDALE INVEST.

A big double tot, and a big 4 BR rambler style

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fa People look and compare 237 West 16th St., then they come back to purchase at Winchester Gate. B fs Well designed & very well finished, these 2 BR & 2 BR with den units boast oak & tile, leaded glass & doors, vaulted ceilings & more. All have bsmts. & private patios & all are clustered around a terraced § mM courtyard. Still reasonable selection. 2. SOREN FREDERIKSEN 984-0421 JOAN ALEXANDER 986-4453 RAE PHILLIPS 522.0387

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of a home — bring your paintbrush & bring your & chequebook. There's money to be made here! @

SOREN FREDERIKSEN 984-0421

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a4. HOTTER THAN A PISTOL!

Three brand new 4 BR, full bsmt. homes, ready $

for finishing to suit. The first one will sell at $149,900 — then the prices go up! SOREN FREDERIKSEN 984-0421

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24. LONSDALE VIEW This traditional style home is shaping up to be our nicest new 4 BR, full bsmt. plan. Set ona

big sunny, VIEW lot, it's a must-see! SOREN FREDERIKSEN 984-0421

Se

ai , a 24, CONTEMPORARY — $150’s Great Upper Lonsdale location — quick sale please! This home is totaily rebuilt — from open tiled entry to huge livingroom, accented with vaulted cedar ceilings. Lots of space, lots of value and a private 50'x122' lot! Be quick!

SOREN FREDERIKSEN 984-0421

33. GOLF COURSE TOWNHOME

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Just fisted — this bright 3 BR “Maples” unit ee

boasts vaulted ceilings, fireplace, private decks & much more, Must sell immediately! SOREN FREDERIKSEN 984-0421