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HILLS OUTLOOK Friday April 1M7 Page I Real Estate Outlook Housing prices continue to rise in many areas Toronto Residential housing prices in Canada reflect a wide of rcgioml difference that ire typical of tin Canadian mosaic In cities like Toronto Montreal and Winnipeg price in in sitting all time At lie other end of hi rale the markets in centric like mid Halifax an at best stable According to tin Survey of in House Prices recently and southern Ontario hive seen tin 1 est house pnec men in the country often exceeding per cent for many types of In with higher oil pricei im ntnn starting another come bark in resale housing In most of Canada says Jurock Page Serviies Except in in is with special influences like to Hume and cautions how nothing continues rds Allan pnees have been dircel proporllnnlo demand Jijrock comments the lease of tile issue of the Surrey if House Prices rin cross Hilda study estimated prut forever that the large incnases tin area continue i Montreal Winnipeg art behind in a II hough In hnusnu i lot Hut mil r strong Hie city however there an signs of a sellers market developing which continues to Ik beset by uncertainties in tht federal civil service has been relatively stable for the past year allhough Here ire signs of a stronger residential housing in beginning or New Brunswick com like Sunt Jthn in I when house memsts to outpace residential dues in provinces hive remiincd stable over tin est strong easier with term rallicr than gambling on a six month or he said Resale housing values quoted in the Survey of House Prices represent the estimated market value of typical homes arc compared to figure reported three months ago and yeir The prices cited arc Royal opinions of fair market value in each location baa on data mflrke knowledge provided by Itoyal 1 resident reil estate lists Roy I igc is I ho Si mi in Seme if s on the inline f the Torontos housing hikes spill over into other regions Ires in southern and ccntril Ontario like Hamilton and the neOnllia area According to the most recent issue of Royal Lepage Survey of diaii House Prices released rcccnlly 10 to per cent in selling price in the post year are typical and in creases In excess of per cent are not uncommon lowest Interest rates n more than a decade and stronaiSt pro vincial economy in have combined create a high of consumer confidence In real estate comments Heroic Vogt Vice President and Divisional Manager for Royal Ontario Moscr Vice President and Divisional General Manager or East Central Ontario adds The prut in the to In spilling over in ire is like llefin to Kingston Vogt and made com mints the of ihe April issue of Survey The cross slueiv tracks the helling price of six of housing in over I communities from coast to coast In the area price increases of per or more have been recorded past year In Central Hamilton detached bungalow defined by the Royal survey has risen from OP in April IS8G In a current of In the Hamilton area the same bungalow is up over per cent to an identical home in Hurl has from J95 to an estimated in the pnsl luxury condominium in mentn in Fast n his inert is last vur to the cur rent level of In is valued at In the similar Mice increTscs have reported in the Royal survey The two storey e lit gory of housing for example is up per cent in almost per cent higher at Price farther in an like and have been more moderate A dctat bungalow in is up 15 per cent since Insl year to while bungalow in is raw valued 1 per cent than April 1936 Kail of prices in centres like and Kingston seen increases Standard Townhouse in is up over etnl in tin put vur to whilt the sin unit in Kingston is up per cent An eculive hi me in has risen an since laM April A similar home n atJliOOOO Increases in he values in southwestern hive been somewliil more In inncs bungalow is up 1BT per to while two store homes have jus In London a standard storey his increased IB per to while a standard con dominium apartment is 12 per In northern Ontario communities like Saul Ste Mane and Thunder Boy prices hive remained relatively stable executive home in the Soo is five per higher Ihin it wis last April at while the same home in Thunder is up a similar fue per cent to A si condominium in Thunder Bay has increased 10 per cent loiUt 000 Resale housing values quoted in the Survey of Canadian House Prices represent the estimated rail market value of typical homes and are compared to figures reported months and a year The pnees tiled are Royal LtPage opinions of fair market value in location based on data and market knowledge provided by Royal residential real estate specialists Royal is Canada leading with close lo ioooo in over residential imercial offices in Canada and the United States with affiliates SfS A lomplimcntary copy of the Survey of Canadian House is available from any Royal Call for changes New financial arranged by Canada Mortgage and Housing Corporation must prove themselves a worthwhile investment before they will catch on according to the vice- president of mortgage services for the largest private tending lion in the country Carter of the Royal Bank of Canada says the jury still nut on Mortgaged Racked Securities MBS and suggests a thumbsdown verdict may be in store for the securities unless federal legislation Is Introduced to make them a more attractive Investment established MBS Inst December Hie Iwofold purpose of encouraging Canadians to stimulate the real estate industry through investment and increasing the availability of longer term mar by creating a pool of private funds back them Under the MRS program certified lenders arrange mortgages of at least Vi years duration lump hem together and put them up for sale The pool of fundi from MBS in who buy the securities in multiples of Is put toward the purchases of the mortgages r TOP TEN MOVIE RENTALS Top Bun Due a Maximum Manhattan Protect 7 Aeadamf SCOTCH TAPES VHSORSETA NOW ON SPECIAL Guelpli SI Georgetown IF YOU DON T HAVE A LENNOX YOU MUST 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