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IAGE 2, WlEDNES1)AYAU(JUSI 14,1985.\VIIITBY i REI I I>RSS Rate now 0.5%, L'MHC reports.... Apartm ent vacanciîes hit ailtime 10oW ini Wh itby People iooking for an timum for both landior- $423 a month for a The biggest factor, he "The markets are them hesitant to invest fect on t apartment to rent in the ds and tenants. bachelor unit, to $486 for said, was high interest definitely showing a in new buildings. The nr Town of Whitby are not in fact, only apar- a three bedroom suite. rates which have only move towards home "1Ail you are doing is to the going to find one easily. tment suites with three The average rent for a recently corne down to a ownership." wiping out anyone who nothing According to a report or more bedrooms have one bedroom apartment point where they were He also believes that wants to build rentai ac- municip recently released by the a vacancy rate that is la $415 while that for a acceptable to those the extremely low commodation," Atter- correct' local branch of the near the accepted stan- two bedroom las $476. people wanting to invest vacancy rate will have a sley said. 1s Canada Mortgage and dard. In Whitby, 1.7 per According to local in the market. negative impact on The mayor pointed t' Housing Corporation, cent of the three CMHC brandi manager The other major fac- those municipalities out that there will be situtati( Whitby's apartment bedroom suites are Gordon Tliompson, tor la rent control. trying to attract new in- some apartment going t( vacancy rate is 0.5 per vacant, the report said. there are two factors af- Thompson said that in- dustry. development la Whitby se," Ati cent - substantially The report also said fecting the development vestors are not anxious These industries this year, but not CMH below the tliree per cent that the average rent in of new. apartment to get into the rentai ac- aren't likely to buy a enough to provide a cluding rate considered op- Whitby ranged from buildings. commodation market plant in Whitby if good mixture of ac- federal dc>)ýbecause of strong housing for their em- commodation in the poratioi CHICKEN & SEAFOOD 9 PC. ECONOMY BOX 9 pleces of golden f rled chlcken. Great fora hungry famlly Pu , . Coke 750 Mg. P.,30,d...t One large plece of tender t ried chloken, O a plece of English style f Ish, french tries, coleslaw, roll & butter. 1017 DUN DAS ST. E., WH ITBY (Beside Windmllt Donuts and Dalry Queen) MON.-SAT. il a.m. -.11 p.m.7 LSUN. 1a.m.-9 p.m. government regulation. "lObviously, the in- dustry la putting up a tense battie against rent controls," he said ad- ding that the problem "1can only be solved in the political arena.'" Tlie lack of p&avte sector investment in rentai housing lias lead to two noticabie trends, he added. The first is. that the oniy rentai accom- modation under con- struction la government subsidized. "lWlth very few excep- tions, only government assisted units are being built," he said. The other major trend la towards home owner- ship. Thompson pointed out that local rents are such tliat if people can raise the necessary down payment, they can af- ford to carry a mor- tgage on a small started home. "The home ownership ide is very active," Thompson said adding, availabie. Whtby Mayor Bob At- tersley believes that if there la no upturn in the rentai lnvestment market, it could have a detrimental impact on Whitby'a growth. And he places the blame aquarely on On- tario'5 rent control system. "'Rentai accom- modation is becoming very sparse and its because of the con- trois," lie said. "As long as tliey have rent con- trois in, there ian'tgoing to be any pusli to build new rentai accom- modation." He pointa out that ian- diords are put in a losa situation under the government'a four per cent rent hike ceiling. He noted that property taxes went up 5.4 per cent, water and aewer rates 5.6 par cent and' hydro about six par cent. Because their in- corne only goea up four per cent, that makes "You need that mix- ture," Attersley aaid, "'You need a starter for young people and a place for older people wlio no longer want to maintain a large home. "And people are not prepared to invest witli government restraint on it. It has a crippling ef- the market. " mayor la resigned >fact there la 9the ,ality can do to tlihe situation. a no-win ion and 1 think its o get a lot wor- Iersley said. IC agrees. In con- gits report, the 1Crown cor- n remarked: industry does an about face and returned to the construction and management of rentai housing in a dramatic way, we can look for a continuing acarcity of readily available rentai accommodation in the rapidiy growing Oshawa-Whitby area. " Heydenshore site of Sunday re-union picnic, Dunlop employees from tlie Whitby plant, botli office and factory, are invited to a Reunion and Picnic, with their familles, thus Sunday, (Aug. 18) from 10 a.m. tili 6 p.m. at Heyden- shore Park in Whitby. Tlie park la situated at the corner of Water and South Blair Sts. in Whit- plant waa situated. The only thinga sup- plied are the park and picnic tables. Please bring your own supplies, lunches, etc. Furtlier information, if needed, can be received by calling Harold "O'bie" O'Brien at 668-M79. ~, { ~ NEW STORE HOU RS... MON.-THURS. il A.M. -.7 P.M. FRI DAVI11 A.M. -9 P.M. SATURDAY 10 A.M. - 5 P.M. SALE CON DUCTED BY R.J.P. JEWELLERS INO. CASH-VISA-MASTERCARD PERSONAL SHOPPING ONLY BEING HELD AT 555 SIMOQE ST. S., 579-5339 ALL SIZES. (i~~D~ffll CHAINS SZ BRACELETS 10K & 14K AVAILABLE LADES4KGLDG ENTS BU LOVA LADES14KGOD AL EAHER~î CH CAESQU-AR TZ W 1,T C!-' (SLIGHT IMPERFECTIONS) 2 YEAR WARRANTY ONE APPROX. 18x12½'2x3th ONE HOUR LEATHER INTERIORS, COMBINATION LOCKS HOUR$ ONLY! BROWN. BLACK, BURGUNDYONY ONL! OLI 14KGOL LAUlc t Ir\u3.JLLJ 14K GOLO WITH 10K GOLD CHAIN SET LADIES 14K GOLD DIAMND EGAGEMENT,,RING .25 CT. CENTRE DIAMOND V.S. OUALITY - 8 SHOULDER STONES .1 4T.W. 36" COLOURED FRESHWATER PEAR NEC....As29 2.STRANDS .... S5500 #à-CrDAnC 7r%00 JUST ARRIVED 26 . 8 0 " 1 GOLD CHiNS GENTS 10K GOLD 7 SPARKLING DIAMONOS PAlIR ______________________________________________________________ I 10K GOLD LIQUDATIG -0,000 L UGGGE EBA N KRU PT CY OVER 700 ASSORTED BAGS *OVERNITES * WEEKENOERS * *PULLMANS * GARMENT BAGS* *TOTE SAGS * SPORTS BAGS * ETC. 10K GOLDINQ BIRTHSTONES, SIGNET, ETC. ONE ~ LOW ' PRICE MEDIC ALERT BRACELETS STYLE NO. 1 .. 770 STYLE NO. 2 . 8000 STYLE NO. 3.s8300 MULTI COLOUR NYON DUFFLE BG DOU BLE H AN DLES & 9 SHOULDER STRAP 10 GOLDRI'~ $ OVER 25 STYLES AS LOW AS Il 'j ~il .~-~IflMI1LJO....~IU I I - ~ ___________ ---.------ -~ il - a -J li ý..l 5 1