The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

HEAL ESTATL OUTLOOK Wednesday Toronto home prices are stabilizing realtor The prices of residential resale homes in many parts of the greater Toronto area have moderated five to ten per cent in the past three months According to the Royal LePage Survey of Canadian House Prices released today less than one third of selling prices are lower than they were in July a significant number of areas have reported either change value or slightly higher prices The value of homes is still up 15 to 30 per cent compared to October 1986 comments David Higgms Vice President and Divisional General Manager of Royal LePage Residential Real Estate Services in Central On tano In the wake of the escalation of housing prices that took place in the first three or four months of the year price correction was anticipated in he Toronto market Currently however there is still a reasonabl good level of buying taking place but homes are taking to days to sell Which is closer to the historical norm Higgms made his comments with the release of the tober issue of the Royal Survey The quarterly cross Canada study tracks the estimated selling price of six categories of housing in over communities from coast to coast The area is typical of the divergence in house price trends dur ing the past three months A Detached Bungalow the area has declined from the peak reported in July but at the property is up over per cent from the same time last year An Executive Detached Two Storey home in Willowdale has slipped close to five per cent since July to 000 This represents an increase of over per cent since October 1980 At the other end of the scale the estimated selling price of a Standard Condominium Apartment in the area is up per cent in the past three months and over per cent in the past year to 000 exhibits much the same pattern At an estimated 220 Bungalows in Downsview arc unchanged in the three months while Executive homes are up 000 to 335 000 Stan dard Condominium Apartments in the arc down since July to Areas like Don Mills and High ParkBloor West Village continue to report moderate increases in prices in most categories since July while all categories of housing in North Toronto have remained unclnnged in value during the same period Buyer resistance to price is also in evidence in suburban areas like and die A Bungalow in Newmarket is down 1 per cent sinec to while a similar home in his slipped Resale housing values quoted in the Survey of Canadian House Prices represent the current market value of tvpical homes and are compared to figures reported three months ago and a year ago The prices cited are Royal LePage opinions of fair market value in each location based on data and market knowledge provided by Royal residential real estite specialists Royal LePage is Canada s leading realtor with close to employees over tial and commercial offices in Canada and the United States with affiliates overseas A complimentary of the Survey of Canadnn House Prices is available from any Royal LePage real estate of in Canada I I I I We work together for you Halton Hills Areas BARBARA GLENN Milton 8761156 Ret For appointment call Alex Qlnn or Barbara Royal Cllyfloalty ALEX GLENN Georgetown 1 519 0923 ROOM FOR SMALL BUSINESS Veil kepi own A bedroom home will beautiful lol running tuck of property Loll of room Of and SECLUDED WOODED SPLENDOR 2400 It name I Mend f eU leg and modern all in one Feature In new kitchen This Milled an pond and Trill ooo LOOKING BUNGALOW IN DORSET PARK 3159900 Hart It a Mce one with bedroom room new European kitchen new bathroom room and Iniert alio air BRAND NEW HOMES BOARD ft BATTEN 900 Pino largo Hiring room nam tiled kitchen with to lot Alio 3 main Floor laundry An time mortgego LD0KMG FOR HOUSES ON 1 PROPERTY It a SO and 3D 140 ban Main home It old aporoilmately 3000 tq ft and bungalow fa ft HORSE FARM 249900 35 acres paddocks 22 stall barn Imitation brick storey 3 bedrooms largo country kitchen double garage NATIONAL REAL ESTATE SERVICE NORTH AMbRIl A RIAL BRAND REALTY INC REALTOR AN INDEPENDENT MEMBER BROKER Georgetown FRED HARRISON Sales Representative MILLIE ADAWISSales Representative Two Bedroom Townhomes January Possession Fireplace Oak Floors Air Conditioned Fridge Stove Dishwasher CALL FRED HARRISON or MILLIE ADAMS 45 MOUNTAINVIEW RD N GEORGETOWN BUS 8730300 HOME 8771283 SERVICE