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PARADE OF HOMES By Mack Parliament Director or Publications Canadian Real Estate Association January is the gateway to a new year and standing at the gateway looking into the vast unknown that lies ahead can be a sobering ex perience Some questions affecting every Canadian for which there are no definite answers are Will the unemployment situation worsen in Will the inflation rate be higher than last year Will governments have their hands still deeper in the taxpayers pocket Will value of the Canadian dollar rise in relation to the American dollar or fall further making imported goods and southern vacaUons even more expensive than at present Will the price of housing An easy answer to all of these questions- taking into account the countrys performance since inflation came to live with us as an un welcome permanent parasite and the forecasting of economic experts is that things wont change for the worse at a greater pace than Canadians can adjust to Much will depend on how individuals act and react On the other hand there are indications that some things will get better So all in all could be a happier economic year on balance than the one which preceded it For instance the usually conservative Gerald K governor of the Bank of Canada says the rate of inflation can be reduced to the level in the United even lower if Canadians act sensibly The same attitude could result higher employment and a respectable increase in real Gross Notional Product But whether or not such beneficial things actually occur will depend to a large extent on how Canadians react to the phasing out of wage and price controls Bouey cautions There is no doubt that we can if we are so inclined revert to saddling our economy with costs of production so high as to perpetuate existing unemployment levels currently a 1 per cent of the labor force further erode the value of our money and throw away the chances of achieving the degree of prosperity that a country as potentially rich as Canada ought to be able to afford its citizens observes An optimistic Finance Minister Jean Chretien sees no reason why real growth of per cent cannot be attained or that the inflation rate cannot be kept below the per cent mark However the Conference Board in Canada after surveying forecasts of financial in stitutions pegged the average projection for economic growth at per cent and the increase in the consumer price index at per cent Nevertheless there is a body of opinion which holds that the improvement in the Canadian standard of living in this decade is unsustainable and that income expectations if Canada is to compete successfully in world markets are high Canadians generally re well off but the dramatic im provernent of the 70s is unlikely to continue In a very real sense we are too well off today claims John Grant director and chief economist of Wood Gundy Ltd writing in Canadian Business Economics with real income substantially outpacing productivity However he is confident there can still be a bright future if this country can reduce its rate of inflation to a point equal t or below that of the S and if rate of increase in personal incomes can be reduced While Canadians will have to continue ad justing to a slow growth economy for the foreseeable future it is not a time for recessionary thinking according to Norman Ross president of the Canadian Ileal Estate Association He urges expansionism thinking with the comment Every optimistic or million that can be spent to create employment or in telligent consumer demand is a god investment in this country However one of the areas of the economy he expects to be operating below capacity this year is the house building industry not because families are not buying houses but because of overbuilding last year Taking into con sideration the large inventory of new completed but unsold new housing units particularly condominiums he predicts between 230000 to starts this year While predictions are prices for new houses will be higher due to higher material and labor costs Ross expects existing resale house prices to be relatively stable With the anticipated in new house construction there will be an even greater supply of mortgage funds available than last year the CREA president forecast This could result in a alight downward drifts in rates during the spring and early summer followed by a gradual rise back to present levels of to lOVz percent Murray Webber who recently retired as president of the Toronto Home Builders Association estimated a drop in housing starts of 10 this year could add another 10000 persons he jobless rolls Prospective new house buyers will surely look back on 1977 asan exceptionally fine year to gain a foothold on home ownership because of the stabilization in prices the reduction in mortgage interest rates and the number of new homes to choose from Webber commented He predicted apartment construction will follow an upward curve as rent controls are phased out along with wage and price controls As rents rise to market levels there may be pressure exerted on available purchasable housing as tenants perceive ownership as a hedge against inflation and an opportunity to stabilize their housing costs There is no doubt 1978 will be an interesting year as a plethora of economic adjustments are made by individuals corporations and govern ments Canada Trust 8779500 BEAUTIFUL COUNTRY PROPERTY Immaculate trilevel 3 bedroom home close to Brampton All freshly decorated huge master bedroom spacious kitchen living room and dining room plus detached 2 car garage This property is nicely landscaped and maintained and backs onto a ravine If looking for contentment and privacy you mustseethisone Many many extras THE PRICE IS RIGHT Please call now to inspect JON ZORGE REAL ESTATE Inc Realtor 8770155 4572624 DOUBLE YOUR PLEASURE Big big double width mobile home fully finished containing three bedrooms raised kitchen dining area and Private yard and toolshed Only THE PRICE IS RIGHT will buy this spacious old home Plumbing wiring and shingles In excellent shape Youlll love the large rooms Repeat LOOKING FOR A TOWNHOUSE Heres another excellent specimen Low price and low maintenance Don t delay they sell fast THERE ARE ADVANTAGES You won see till you Inspect this almost new semi detached Attractive sunken living and kitchen area fully plus parquet floors In bedrooms See it now JUST RIGHT FOR KIDS Good size bedroom bungalow large shaped living dining room eat in kitchen big enough tor table and chairs Really big finished rec room and roughed in second bathroom A perfect gift for the New Year Just MODEL HOME FEATURES bedroom bungalow built with extra care Top grade walkout to and fully finished basement Low Interest mortgage a beautiful home for SEE THE EXTRAS The tropical setting around Indoor pool The contemporary fireplaces The beautiful sea quarlum The Billiard room and treed lot See it and youll know this is different and exclusive at ACRE MINIFARM Ideal for horses completely fenced stall barn plus paddock Big bedroom house In excellent shape THINKING OP BUILDING YOUR OWN HOME We have some lovely lots available glvo us a call one may be fust right for you 8770155 4572624 10 Mountainviaw Rd S Georgetown tf3R MARYW0OD MEADOWS GEORGETOWNS EXCEPTIONAL COMMUN ITY OF W HOMES Take Henry St off Main N Canada Trust 8779500 THE MOST SPORTSMAN PARADISE Good commuting distance to city Willi In and cross country Bedroom dome fireplace n no Treed lot with Model 277 Three spacious bedrooms family room with fireplace two extra washrooms double garage OPEN FOR WEEKEND INSPECTION OR CALL FOR PERSONAL INSPECTION CARNEY fe SCENIC large lot Separate dining room and oat In Miction Brick fireplace In living room optional I BUILDING LOT Location is good between Br Georgetown Good supply of area Severed and surveyed As IS BELIEVING 1 Manager ASK ABOUT OUR BRIDGE LOAN PLAN HOMES TOWN HOUSES SALLY REED VICKY VIVIAN JON ZORGE AUDREY CORING DEPAOLI HUNTER REAL ESTATE INSURANCE LIMITED Guelph St Georgetown TERRA On Credit River Luxated Terra property Is 130x165 It deep and Is a truly beautiful well treed tot The targe home Is renovation and remodelling The price Is what you normally expect to or land only Asking AREA acre In area well treed Ideal location for a prestige home CAIEDON ACRES What seclusion this well treed 17 acres offers with over ft frontage and great possibilities for large lake a very unusual piece of properly Interested Call and well show It to you SEETHE PROFESSIONALS OFFICE 4441 OR 5165 KATHLYN BURNS 6741 IRENE CURRY LLOYD CRICHTON HUNTER HUGH HUNTER A A CI APPRAISAL MANAGER