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BEST IIAITONHIIIsOimolK rlda Julyai Real Estate Outlook Hollar sense Mortgagebacked security safe new investment option By Lorraine Bell A new kind of guaranteed in vestment with a relatively high yield the mortgage backed Be has introduced Canada Dollar Sene offer general financial advice by members of The Inntllule of Chartered Accountants of Ontario Lorraine Bell la with Pruden rial Global Funding Canada Ltd Toronto The ecu ri lies represent direct ownership in a pool of mortgages They are also sometimes called pass monthly payments of interest and principal made by homeowners are passed through to the investor Mortgage backed were introduced in the United States in 1970 By the end of the pools of nurtgages re presented by the securities had grown to more than US In Canada the first mortgage backed securities juil recently became at CMC Investor Corp a subsidiary of Counsel Trust Co The certificates are written on pools of National Housing Act mortgages that la insured by Canada Mortgage and Housing Corp the federal govern housing agency On the first dollars worth of certificate issued Cit bank Canada is providing a back up interest and principal in the case of the CMC securities However the CMHC has recently to provide important guarantee for mortgage backed securities peeled to be issued by other financial institutions tn future The federal government s in in making this change was twofold to encourage the for nation of additional pools of mortgage funds and to provide a safe new investment for individual Though the smallest amount of mortgage backed you can from CMC f us small as will liable under the CMHC of the new securities By Gtonda Hughes Buying a home is probably the largest Investment a family ever mokes It usually the one thing that your buy that will always bring a hefty profit In long run As real estate agents that puts us In a powerful situation helping you make the right choice o rtal estate agent should be tops on your list when you have final I decided to or sill Types of agents vary as much as night and day Not oil agents v111 suit your requirements thats why there are people in this profession The days arc gone that a person could decide to sell real estate and go down to the Registrar and drop US on tin counter and get their license like my mother did Today all agents must a very In ensue course at a college past three exams with honors and be scrutinized by the Registrar before you can have a license Fortunately this motes the quality of agents quite superior to ones years ago Knowing this should help reduce jour fears of agents but as many of us know and we face It nearly every day tire general public usually has a dim view of what agents are Many people think we are high pressure unscrupulous people just hungry for the almighty dollar not sensitive to anything other than our own gain Personally I find this hard to handle and I think many others do to Your real estate agent should be none of the above and if you reel way you have ihc wrong agent During the lime you arc in he position of buying or selling your agent should be as comfortable to you as one of the family You should be feeling that your decisions ore backed by knowledge and sensitivity to your needs through qualified learning and business practice If you don gel this feeling change agents you have a lot of money to invest that is jour futurc I hope you take he time to shop for your agent and I know that you hove a choice In this area Make it a good and you will bca happy client THIS WEEKS MORTGAGE RATES AS OF JULY 3087 3 iv 9V 10 LI Mo ID 10 ii 11V iV 10 in iw 10V 9V 10 10 11V Cr Union V a 10 10V Survey shows Toronto area market activity moderate Most major Canadian markets have witnessed significant increases demand for residential resale homes In the past year With the ex of the Atlantic community almost all regions have experienced increases m resale values in the past year Id aome areas like southern Ontario price Increases have been the July 1987 edition of the Royal Survey of Cana House Prices released today communities In and around Toronto nave finally seen a moderation in market activity and price increases the past three months have balled in Canada most areas continue to enjoy strong de mand and Increases in housing prices that exceed historical averages The health of the national and has Inspired consumer confidence and buoyed housing markets says President Royal Residential Real Estate vices Canadians have always had a great deal of faith In the value of home ownership and the past year has a demonstration erf this faith The quarterly cross Canada study tracks the estimated selling price of six categories of housing in over 170 communities from coast tocoast Mr adds that in addition to the moderation that has place in the southern Ontario market in past three months the active markets in centres like Mon and have returned to more normal levels of activity during the last quarter don Edmonton Calgary and as well aa the province of Quebec report stable markets The survey is designed not only to track house price trends but also to compare the value of similar homes in different communities across the country In a prestige Vancouver com muni like Kerrtsdale for example the Executive Detached Two Storey home defined in the survey has in creased per cent In the past year to In Montreal s Mount Royal area a similar home is up per cent to HOODOO since last July In a desirable Toronto neighborhood like Don Mills the Executive home category has risen 7 per cent to MIS Looking more affordable areas a Bungalow as specified in the NOT JUST FOR THE pro WATCH A PRO AN WISH ONE STROKE PER FOR MOLDING AND MAILS COME IN AMDriKME BLUNT AND SQUARE shanksCo J nto neighbourhood like Castledowns has increased two per in the past months to Ml while a similar home in the North End of Halifax is up 1 1 per cent to In Sarnia Ontario the same bungalow Is valued at per cent more than this time last year Resale housing values quoted in the survey represent the estimated current market value of typical homes and ore compared with figures reported six months ago and a year ago The prices cited are opinions of fair FREEZER FRENZY Open Days market value In each location based on data and market knowledge pro vided by residential real estate spec in lists A Tasty Recipe MARBLE CHEESECAKE 1 cup graham waist umB Hasp sugar cup melted but Combine crumbs and sugar blind bu let ess onto hollo of 910 pan Chi I best another add Foodstuff GEORGETOWN 8776569 BAKERS SEMI SWEET CHOCOLATE GRAHAM CRACKER CRUMBS LB SULTANA BAR COOKIES ul CLEARANCE PRICES ECHO ADVANTAGE Whether you maintain a small yard or bush theres an Echo trimmer or mod el thai is Ideal tor I your clean up and maintenance ECHO SAVE TIME EFFORT Echo leads the Industry with is n I no up of backpack and nana field Echo blower out t hard to reach plwis and cleans up sand and snow GEORGETOWN LAWN AND GARDEN EQUIPMENT Ave Georgetown