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

According to the Winter 1993 issue of the Royal LePage Survey of Canadian House Prices, released today, the median __ He expects the number of units sold to continue to rise in the first months of the new year. ‘"However," he says, "compared to the late 1980s, the overall number of homes for sale continues to outpace buyer demand, so there is little pressure on prices." ‘"The result of higher unit sales will be a gradual erosion of the number of desirâ€" able available houses," says Bernie Vogt, Viceâ€"President for Royal LePage in Toronto. ‘"Wellâ€"priced homes for sale in good locations are becoming scarcer and selling faster than in the past." The resale home market has been strong for the past six months, but the increased activity has not translated into higher house prices, says Royal LePage. Prices remain sofft LUXURY LIVINGâ€" AFFORDABLE PRICE 36E7L§N or VICTOR SARIC 842â€"7000, 842 lovely fam. room. priv. garden. HELEN & VIVCT'&I SARIC “27(!!?8’4 hr. pager). walk to school. $184.9200. HELEN & VICTOR SARIC 842â€"7000 (24 hr. pager). â€" â€"==% SapgiP crown mould-a?s $309.900. HELEN & VICTOR SARIC 842â€"7000 (24 hr. pager). Vancouver is now Canada‘s most expensive housing market. A threeâ€"bedâ€" room bungalow there is currently valued at $230,000, up 15% in the past year. The Royal LePage Survey of Canadian House Prices is the largest, most comprehensive study of its kind in (See "Royal" Page RE 24) Over 75% of all homes sold in Toronto this year have been priced under $250,000. "Continuing demand from firstâ€"time buyers, has held up prices of more affordable homes reasonably well," says Vogt. "On the other hand, prices continue to be softest in the high end of the market (those over $400,000)." price of a threeâ€"bedroom bungalow in the Greater Toronto Area has fallen another 5% in the past year, to $185,000. In January, 1989, the same home was worth $240,000. EXTRAS â€" EXTRAS â€" EXTRAS DREAM COME TRUE SUPER BUNGALOW