Oakville Beaver, 24 Feb 1993, p. 43

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In 1994, an improving economy and the correction of imbalances in the mulâ€" tiple sector will boost starts in Ontario and Quebec; all other provinces are expected to register increased starts Manitoba and Saskatchewan will also post strong increases. Along with Ontario and Quebec â€" where lower multiple starts will be a drag on conâ€" struction â€" Nova Scotia, New Brunswick, and Newfoundland will experience growth rates close to the national average. Starts are expected to fall in Alberta and PEL PROVINCIAL HIGHLIGHTs British Columbia will set a new record of 44,400 starts this year, up by 9%. Construction of singleâ€"detached dwellings is expected to jump 14% to 106,000 units this year, and to rise furâ€" ther to 116,000 units in 1994. Multiple starts should fall by 6% to 71,000 units before recovering to 77,000 units next Rental starts will fall because of high apartment vacancies, while condoâ€" minium starts will remain low due to the still high volume of unoccupied units," added Proulx. ‘"The 1993 rise in activity will reflect diverging trends: stronger single unit starts but lower multiple unit starts. "A genuine, though gradual, ecoâ€" nomic recovery and improved conâ€" sumer confidence will be the added ingredients to the current combination of low mortgage rates and strong immiâ€" gration, that will give housing an extra boost this year and next," explained Gilles Proulx, chief economist of CMHC‘s Market Analysis Centre. Total national housing starts are foreâ€" cast to rise by 5.2% to 177,000 units this year and to increase further to 193,000 units in 1994, reported Canada Mortgage and Housing Corporation in its first quarter National Housing Outlook. Housing starts forecast to rise Resale prices are anticipated to rise with the average price up 3.4% this year and 5.1% in 1994 as a result of real appreciations and a transaction base less concentrated on firstâ€"time buyers. Provincial average increases will run the gamut this year, from slight declines in Ontario and P.E.I., to an increase of almost 8% in British Columbia. Resale market activity is expected to improve further in 1993 and 1994. The gains in the number of unit sales will, however, be moderate compared with 1992 when activity was boosted by strong advances in the firstâ€"time buyer market. Unit sales should increase by 1.9% this year and by 3.3% in 1994. activity STEPS TO LAKE $349,900 DOWNTOWN BUNGALOW 5. OF LAKESHORE CALL BRENDA CLARK, 8§42â€"7000 SUBURBAN LIVING AT ITS BEST $549,900. JOSHUA CREEK/DEER RUN ustom bungalow situated on a prestigious Holyrood Ave. Call for iew A RARE TREAT! Call BRENDA Sales Representative $ The directors of RE/MAX Aboutowne Realty Cormp., are pleased to announce the appointment of Gwen Malon (Willlamson) ACT FAST! 64 ACRES CENTURY STONE CAMPBELLVILLE $495,000 to our dynamic sales teams as Sales Representative. Gwen will be pleased to assist you with any real estate needs you may have at her new location at. RE/ME ANNOUNCEMENT GWEN MALON (WILLIAMSON) OCGULOAUKRE reaiuy conp 418â€"2 North Service Rd. E. 842â€"7000 Sales Rep. 111 BRENDA mstr ©$129,200 PRIVATE BACKYARD * Support Big Sisters or become a Big Sister. t m D

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