Oakville Newspapers

Oakville Beaver, 9 Feb 1994, p. 34

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Real Estate:The Oakville Beaver, Wednesday, Feb. 9, 1994 â€" 2 ~The Directors of Re/Max â€" Aboutowne Real Corp. congratulate tvrsg)d of their topda aw. ucers, Mag Ladanyi an:i Efllana Gonin for celebrating their 20th Anniversary im Real Estate. For any Real Estate needs you may Fourth quarter rally not enough as *93 housing starts end below level 3.4 per cent increase in fourth Aquarter housing starts to 165,000 units seasonally adjusted at the annual rate (SAAR) was not enough to lift the total number of starts for 1993 past 155,443 units, 7.6 per cent lower than in 1992, Canada Mortgage and housing Corporation (CMHC) has reported. "Starts regained ground since the beginning of the year but the rebound was not enough to offset the first quarter setâ€" back. Despite strong activity in the westâ€" ern provinces last year, sizeable declines in Ontario and Quebec resulted in lower starts last year," said Gilles Proulx, Chief Economist at CMHC‘s Market Analysis Centre. "The fourth quarter increase mainly reflected a surge in Ontario activity. There were also slight advances in B.C. and the Prairie region while construction was lower in Quebec and the Atlantic region," Proulx added. The federal housing agency reported that during the last quarter, housing starts in urban centres rose by 8.0 per cent to 141,600 units SAAR, and declined 17.6 per cent to 23,400 units in other areas. Within urban centres, starts or singleâ€" detached houses and multiple units each rose by about eight per cent to 67,900 and 73,700 units SAAR respectively. Ontario starts jumped to 56,100 units SAAR from the 43,500 units recorded during the previous quarter. The surge reflected higher starts of singleâ€"detached RF,/”'MMMZ‘@«//@M § 418â€"2 North Service Rd. E. 842â€"7000 have, please contact Magda or Liliana [ at 338-900(% PERFECT LITTLE STARTER POWER OF SALE 3 bdrms., 2 baths, terific north end location close to shopping schools and on the bus route. _ pool, family room At this price it won‘t last. is a great buy for a starter|| 3 % DOWNTOWN BUNGALOW FREEHOLD LIVIN Large Wedgewood Creek, 3â€"barm. FH. D/R. 1.5 car garage. Pt. fin. bsmt. A must see. area. Better calll soon to view. "TRULY A GREAT BUY" 4 large barms., new 55 oz. breiim. thruâ€"out, wonderful floor plan. Fam. rm., f.p., dream MATTAMY OXFORD! Why buy new? 3700 sq. ft., 5 bdrms., den, huge fenced lot. Upgraded throughout in mature establisned area. Gorgeous. No mud. STARTER â€" POWER OF SALE Looking for an affordable starter. This is it. 3 badrms., fin. bsmt., modern kit., modermn complex next to forest with inground pool. Better call! e © e o o 0o 0o 0 0 0 0 0 BACKING ONTO LUSH PARK Unique opportunity for lovely 3â€"bdrm. spiit level backing onto very private wooded west end park, fam. rm. with f.p. Wonderful neighbourhood o o o o 0o o 0o 0 0o 0 o 4 spacious levels, 4 big bdrms., 3 baths, inground 1.p., double garage. This Fantastic central location, 3 barms., mature 150‘ townhome, quiet private street, eatâ€"in kit., Sep. lot, fin. bsmt., haiwd. firs., exclusive Queen Mary kitchen, 2 walkâ€"outs. Ulfra modem. N. Oakvillle. houses as well as governmentâ€"assisted multiple units. The rise in the singleâ€" detached sector coincided with a recovery in consumer confidence and with improved activity in the resale market. In 1993, a total of 45,140 units were started across the province, down 19.1 per cent. from 1992. British Columbia starts rose slightly to 46,100 units SAAR, up from 44,500 units in the third quarter. A slight decline in construction of single detached units can be traced to high prices. This was offset by. a continuing rise in construction of more affordable multiple units. The total for 1993 reached 42,807 units, an allâ€"time high, up from 40,621 units in 1992. Quebec starts fell further to 28,600 units SAAR from 37,400 units in the preâ€" ceding quarter. Limited new construction reflects stagnant employment levels and resale market activity. The industry has, however, succeeded in reducing the inventory of new unoccupied units. Total starts for the year fell to 34,015 units, down 11 per cent from 38,228 units in 1992. In the prairie region, Alberta starts reached 18,700 units SAAR, up from 18,100 in the third quarter, as an active resale market offset some of the impact of rising inventories of new units. For 1993, Alberta starts edged down to 18,151 units. Quarterly activity advanced to 3,200 units SAAR in Manitoba while it held steady at 1,600 units in Saskatchewan. ADAM CAMPBELL | Associate Broker

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