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Page THE HERALD REAL ESTATE Wednesday July 17 1991 Real estate sales activity up from last year The recovery of resale housing markets shows every sign of be ing for real but dont expect a return to boom market conditions in the foreseeable future says Royal LePage In most parts of the country there seems to be an under current of caution in the marketplace says Gmo Executive Vice Presi dent of Royal LePage Residential Real Estate Services But both sales activity and house prices are up from last year According to Romanese the real estate mini booms that oc curred in Toronto and Vancouver dunng the spring months have settled down a little In Montreal the market finally showed some signs of life in May and June but on a year todate basis housing sales still lag last years per formance Calgary and Ed monton reported steady but unspectacular activity during the past three months In the times prices remained stable for the most part with sales activity picking up in May and June In nearly all areas the housing market recovery to date is being propelled by a high proportion of first time buyers In Toronto 50 per cent of resale homes are be ing sold to firsttime buyers In Montreal the figure is 60 per cent largely the result of govern incentive programs However this activity is not translating into sales and price increases of more expensive pro perties except in Vancouver and Edmonton In manv markets the price of more expensive homes have decreased marginally Lower interest rates and pent- up demand are causing firsttime buyers to enter the market But worries about a continuation of the recession are inhibiting moveup buyers We need some more positive news about the economy to allay their fears Were just beginning to see some signs of more interest from move up buyers says In spite of the current inactivi ty by moveup buyers Romanese points out that housing markets once on the road to recovery rarely Once a trend is established it is unusual that it will reverse itself after a few months So Im reasonably confi dent that the housing market Indooroutdoor carpet installation Today s Beaver home improvement tip is about installing indoor- outdoor car peting This is an easy and inexpensive way to add a soft underfoot to hard indoor and outdoor surfaces This waterproof car peting can be installed over almost any surface including concrete asphalt and wood decking It is mildew and mois ture resistant and can be cleaned with a hose First measure the area to be covered to determine how much matenal you II need Then make sure the surface to be covered is smooth clean and dry All cracks and holes must be filled and smoothed HOME IMPROVEMENT TIPS If installing the carpeting outdoors check the weather forecast before you begin as the carpeting is best installed at moderate temperatures and the adhesive required takes 72 hours to completely dry When laying the carpet unroll the pieces over the surface area and allow about 6 extra inches for cutting and fit- ling Using a sharp utility knife cut and trim the edges so they lie straight against one another Always cut from the back side After cutting trimming and fitting is complete the carpet is ready to be glued down Working with one piece at a time the carpet without shifting its position and apply the adhesive to the ground Unroll the carpeting onto the adhesive and smooth out the car peting with your hands Repeat this pro cedure for all the pieces of carpeting making sure that there are no gaps between the edges After all the carpet has been set tnm off all excess matenal around the Good luck and remember if you need further advice or assistance pick up a brochure of talk to the approachable home improvement experts at Beaver Lumber recovery will be sustained In most areas across the country we expect a normal summer slowdown and a stronger Fall market made his comments with the release of the July issue of the quarterly Royal LePage Survey of Canadian House Prices According to the Survey house prices increased in major markets across Canada in the se cond quarter of 1991 following a trend started in February and March but still remain below last years peak levels The median price of a three- bedroom bungalow in the Toronto area for example is currently up 5 per cent in the past three months but still over it per cent lower than a year ago In Montreal the median price of a similar bungalow is up per cent from the first quarter but per cent below last July In Calgary a typical bungalow is now fractionally lower than a year ago Of all major cities only Van couver has reported a significant increase in this category with the median price of bungalows up almost per cent to The values of more expensive homes in Vancouver however have not returned to last years levels The Royal Survey of Canadian House Prices is the largest most comprehensive study of its kind in Canada with information on seven types of housing in over 200 neighbourhoods from coast to coast The Survey includes historical data back to the late 1970s Housing values in the Royal Lepage Survey are Royal opinions of fair market value in each location based on local data and market knowledge provided by Royal LePage residential real estate specialists Royal is Canadas leading fullservice realtor with close to 11000 employees and sales representatives in residential commercial and associate broker offices in Canada the United States and ECOLINE CamgtotOirAH URBAN AIR Most large cttlaa suffer air pollution particularly in whan air Is calm The main pollutants are carbon mono xide nitrogen ozone sulphur and suspended particles Air Quality Index AQI Air Quality a of air pollution which allows you to taka precautions Avoid strenuous outdoor whan If 75 Source Ontario Ministry Environment NATIONAL REAL BRAND REALTY INC REALTOR an independent member broker Sales Representative Associate Broker 5198332773 140 MAIN ST NO 3 ERIN FAX 51 9 8339354 24 HOUR ANSWERING SERVICE Toronto Line 4167960840 Acton Line 8534264 All lor Arnold 000 Call Diana I I BUILD YOUR DREAM HOME acre building lot in a desirable area iust south of Erin Village Make an offer Asking Call Lundy WHYRENTr ingdlnlng and den on 44 at Detached garage Commercial lotting Only Call Parker or Don Parker BIT I Breakdown sc II TOO sq I flees a Call Ed E perfect Call EOU0 come exceeds 134 and towards the purchase a house we have the home or rales It will carry lor about ISO per month You may qualify lor P Call A MUST SEE t This 1X0 bedroom bungalow shouldn be overlooked Private yet main drag accessibility Comes complete wllti fridge stove washer dryer PRIME COMMERCIAL HORSEY FARM GREATVALUE Big home with rooms for Lots goodies Cent luntertop oak flooring plus dining room All Showing Plus Priced to sell SIM Highly productive good horse barn Comfortable bedroom storey located on paved road Excellent value at Mis MO A RARE FIND acres near Hum Club and Roll MORE FOR LESS INCALEOON Brighi family storey must be walked HE URTHER INFORMATION ON PROPERTIES PLEASE CALL HELEN RICHARDS Tnre Three baths In eluding Great country kitchen extras central vac grapes Now ards Call NANA ARNOLD Sales Rep ADA BATHGATE Sales Hep 519833 EO Sales Rep CATHY BUEKREIL Sales Rep 416077 5002 RICHARD CURRY Sales Rep 519833 MAIDA Sales Hep 519833 MARG PARKER Assoc Broker 9151 HELEN RICHARDS Sales Rep DON SANDERSON Sales Rep 519855