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REAL ESTATE OUTLOOK Wednesday Octobers Ontario house prices stable during summer In many Ontario communities the price of homes continued lo moderate during the sum months following significant increases earlier in the year According to the most recent issue of the Royal Survey of Canadian House Prices there appear to be two different typea of markets at work In the province those that experienced unusually high levels of activity earlier in the year and those that a voided this trend The centres that were affected by the rising market for residential resale homes during the spring of IStn have Upend off noticeable says Vogt Vice President and Divisional General Manager for Royal Residential Real Estate Service The areas that are nulng to report Increases In selling prices tend to be communities that have seen much less volatile markets In the past year Most centres In Western Ontario are still en joying good markets characterised by healthy levels of buyer demand adds Vogt most markets are now more balanced There are more homes listed for sale and the price increases were seeing are much more moderate compared to earlier in the year Elmar Moser Vice President and Divisional General Manager for East Central Ontario adds Much the same pattern Is evident in many eastern and northern Ontario communities Either the market has with little or no price Increase over the past three months or there has been a steady but rise In prices that has been evenly spread over the past 12 months and Vogt made their comments with the release of the October 1987 issue of the Royal Lepage Survey The quarterly cross Canada study tracks the estimated selling price of six categories of housing The Royal Survey Is designed not only to track house price trends In a given area but also to compare thi value of similar homes In ferent communities across the country Hamilton Is typical of a centre that has ex perienced a growing market in the past year Although the value of the majority of housing categories throughout the greater Hamilton area Is up per cent or more in the past year many areas have reported declines since July In Hamilton Centre for example a Detached Bungalow as defined in the Royal Survey Is up 8 per cent since October 1MB lo an estimated value of fits However this Is lower than the price reported In July In the Hamilton Mountain area the tame Bungalow is valued at III J up 5 per cent in the past year but down from three mon ths ago In nearby Burlington price Increases are being reported for some types of housing An E Detached Two Storey home has risen to since last October Since Ju- a Increase in the price of this type of home has been reported Throughout much of the Golden Horseshoe house price trends are similar to those in Hamilton In prices are up 25 to per cent for most types of housing but since July very little gain has been reported A Luxury Con dominium Apartment Is up per cent to since October of last year but unchanged since July In house prices have stabilized following noticeable declines in the second quarter of the year A standard Townhouse in at MS six months ago and then declined to by July In the Royal Survey this category of housing Is back up to an estimated a year increase of per cent In major centres throughout Northern Ontario house price trends been more consistent than those in many communities to the south In Sudbury for example the price of an Executive home lias increased per cent since last Oc to The increase in value Is spread over the past 12 months A similar pattern iseldcnt in North Bay A Detached Bungalow in the area has increased over per cent since tober 1MB with no slowdown in the rate of Increase over the summer months In London detached housing hoi continued to Increase in value since July while and condominium part mm I prices have An Executive home in London for In stance has per cent since October to and up S3 from the price reported In the July Issue of the Royal Survey Kingston continues to the stable market that his characterised the area for close to three years In the past year price Increases have ranged from 11 to per cent with no noticeable peaks or valleys A Detached Bungalow In Kingston for example Is up 12 per cent In the past year to more than the price reported In July Resale housing values quoted In the Survey of Canadian House Prices represent the current market value of typical 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 m each location based on data and market knowledge provided by Royal residential real special Designed Up please CORNER THE MARKET convenient new color TV set designed It in your home color TV from Zenith alto feature re mote control and wtvd bate WARMTH AND COMFORT Interlocking drive manicured lawns 8 38 inground heated concrete pool Mature area of Georgetown Exceptionally finished top to bottom OFFERED AT For your personal viewing call Bill or 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