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Page 2 — Real Estate This Week, Wednesday, February 10, 1993 REX BLUE SPRINGS Realty (Halton) Corp. 4 ee SERVICE OF THE '90s! OF THE '90s ‘Wayne will market your property Wayne offers a written on TWO Real Estate Boards with comprehensive market over oe sales reps or members no additional cost to you! es. (519) 856-4348 Way TOR. (416) 874-3053 evaluation of your home at no cost to you! ne Sander FAX (519) 856-2128 * Sales Associate Broker 796-3565 ”~ 24 HOURS ... the obvious choice RAMSAY BARR, c.D., MVA ‘COUNTRYWIDE Vendex Realty Inc. Se SOLD! SOLD! $289,900 RMRWS3-15 $385,900 RMAWS2-98 Custom buit, 1800 sq. f. 4 bedroom ony Located 2 24 aren 2) mutes te 401 Yates ek Gueh 2 ies noth of Hwy. 7 eRe on 7p 2B Aye yor dt volten, 4 amp service, central ar, 4 bath Sabine nd are em Poe eres dos Tye _ Great 4 bedroom family {| home backing onto a green ) belt. This house is fully fur- nished and ready to move into. We'll buy your town house or semi- give me a call for the details. Asking $165,000. CV-1 Romantic bungalow nestled on a secluded 1/2 acre hillside lot with breathtaking views. Almost completely up-dated with 2 full bathrooms, finished lower level with separate entrance and summer kitchen & loads of win- dows. Just move right in and relax. Call for directions. Asking ~ $219,000. Estate Building lots in Erin $65,000. just like yours. paved maple-lined road 1 1/2 miles north of Hwy. 7 and just west of Acton. Picture perfect with numerous building sites. Call for a free market evaluation. (Not intended to solicit REMEMBER... Deadline for RRSPs is March 1, 1993 properties already listed) $239,900 ~ NEW COUNTRY LISTING In a tranquil village setting east of Rockwood on 3/4 acres and backing onto con- servation land and the Eramosa River. This custom- built 2000+ sq. ft. bungalow has it all. RMRW93-03 aj Century home on 2 1/2 4 lots, one of which may be severed. Over 3,200 sq. ft. of history. Large principal rooms and 6+ bedrooms. % RMRW93-20 *MEMBER OF THE GUELPH & DISTRICT REAL ESTATE BOARD AND THE BRAMPTON REAL ESTATE BOARD TO SERVE YOU BETTER! Do you know the warning signs of a stroke? The primary one is sudden, dramatic weakness or numbness of the face, arm and/or leg on one side of the body, which (EART AND STROKE | usually lasts for only a few minutes. Others include: FOUNDATION ‘ OF ONTARIO | @ temporary loss of speech, or trouble in speaking or Improving your understanding speech odds against temporary dimness or loss or vision, particularly in one eye pent sudden, severe, unusual headaches, or a change in the pattern of headaches. If you experience any of these problems, tell someone and call for emergency help. Know the telephone number of your local emergency medical care service and use it! For more information on blood pressure or stroke, contact your local office of the Heart and Stroke Foundation of Ontario. Real Estate Funds for your RRSP? By George Perdue, B. Se. P. Eng. Most people view RRSP investments as long term. For those within ten years of retirement, the view becomes more short term and the nature of the investments held in an RRSP are typically moved to stable lower return items such as GICs, money mar- kets, and bonds. Real estate certainly fits the longer term view. The funds managing real estate portfolios in Canada (9 managers) work to make capital gains by buying low and selling high, or to make income by managing low vacancy properties with good income streams and capital cost allowances. Generally, the perfor- mance of the funds that have been around for ten years has been mediocre - between 5 and 6 percent. Now two of the players (RealFund and MD Realty Fund) are suffering with the concern of depressed values and they have sus- pended both sales and redemptions until late April. This temporarily stops the flood of redemp- tions in the wake of the likes of Olympia and York. Not all the players are suf- fering. Council Real Estate Fund and Roycom Summit have averaged from 8 to 11 percent per year over the last five year period. This is impressive in the wake of the severely depressed real estate market since 1990. Roycom has begun to make investments in the US. Investors have responded by doubling gross contribu- tions per month since the news broke. This fund now allows investors to partici- pate in US real estate with- out the up-front costs asso- ciated with limited partner- ships. In any event, real estate remains a long term invest- ment with a cycle of five to 10 years. It is a niche mar- ket in terms of investments and a well structured port- folio should treat it as such and maintain appropriate diversification. Funds aimed primarily at income are best suited to holdings outside an RRSP since the income streams yield tax deferrals. The details should be discussed with your financial advisor. The tax season is almost on us. Money Concepts will be offering tax oriented ser- vices including tax planning and tax preparation. Details will follow. George Perdue is a Financial Planner, Business Consultant, and Partner in Money Concepts, Halton Hills. He can be contacted at (416) 873-1877.