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

& Sales of existing homes through the MLS (Multiple Listing Service) are on pace to reach a total of 39,500 in 1993, according to Canada Mortgage and Housing Corporation‘s (CMHC) Fall 1993 Toronto Real Estate Forecast. The average price is expected to be $210,000 in 1993, down 2% from last year. "The spike in interest rates last fall led homebuyers to delay their purchases, and sales were very slow for the first three months of this year," said Willard MLS sales are back on track for ‘93 in op coly. and more. Call RUTH ANNE WINTER, B. 338â€"2000 $459,000 Terrific of town, walk dining room. Cal RUTH ANNE WINTER, B. 338 TRADTIONAL ELEGANCE!! $899,000 2/3 acre property, steps frot bedroom family home features main floor family _ throughnout, gournet 1 room, overszed kitchen, possible namny suite on _ harbour, shops and Joke lower level. Cal RUTH ANNE WINTER, B. 338â€"2000. B. 338â€"92000. $309,000 Nicety decorated home. Features main floor room with fireplace, spacious eatâ€"n kitchen, finisned lower level, %eous garden. Call RUTH ANNE WINTER, B. 338â€" L QUIET STREET $289,000 Mature Gien Abb go * ;fiu)"&‘ l hk vouk & _ â€"â€"â€" i 15e l},,_l\ #â€" &. o ./. un EAST END LOCATION HERITAGE AREA 67 Lakeshore Rd. West, Oakville IOKE Dunning, Senior Market Analyst at CMHC‘s Toronto Branch. "Subsequently, a strong sales trend has resumed this summer. For 1993, existing home sales will be 5% below the level recorded last year, reflecting the slow start. At 39,500 sales, 1993 will be the sixth best year on record." An incre homebuyers buy in 1993 affordability HEART OF OLDE OAKVILLE eation 4 $439,000 Beautifuly updated and c asing number of firstâ€"time have had an opportunity to as a result of the improved especially when combined QUIET CRESCENT $309,000 East end, Sbedroom t $274,900 Spacious 4bedrc eatin kitchen, lovely yard, & main floor family room with fir ANNE WINTER, B. 338â€"2000 l RUTH ANNE WINTER, B. 338â€"2000 3! RUTH ANNE WINTER, B. 338â€"9000. room. Cal RUTH ANNE WINTER, B. 338â€"9000 QUIET STREET with CMHC‘s 5% downpayment proâ€" gram. In 1990, an income of $82,000 was required to purchase an average starter home in Toronto, and cover the principal, interest, taxes and heating costs. Purchasing an average starter home in today‘s market requires an income of only $55,000. In fact, townhomes priced between $120,000 and $140,000 are now accessible to buyers with incomes of $40,000 and higher. â€" With housing being more affordable, a l RUTH ANNE WINTER, WINTER east ena location, freplace. Call RUTH na gecoated s floors. Walk to CC STEPS TO LAKE ONTARIO tures $499,000 Tucked down a private laneway ouse near Appleby Caollege. 5 bedrooms, including hons â€"maste aute New kitchen, solarium breakfast 4 $319,000 4 bedrooms, main floor familLroom and den, lbeated on a beautiful private lot with inground pool, hardwood floors, spacious eatâ€"n kitchen. Call RUTH ANNE WINTER, B. 338â€"2000. GORGEOUS LOT $279,900 Fabulous family. 4evel backspiit. Immaculate condition, over 1/4 acre property with delightful garden cngoigromd pool. ‘Cal RUTH ANNE WINTER, B. 338â€" k BEAUTIFULLY UPDATED $279,900 Fabulous bungalow, very private lot, separately fenced inground pool. Finisned lower level, open concept kitchen/breakfast room. Call RUTH ANNE WINTER, B. 338â€"9000. WALK TO APPLEBY COLLEGE greater number of buyers are able to purâ€" chase singleâ€"detached homes, shifting activity from the lowâ€"cost semi and row units. The proportion of singleâ€"detached sales has increased from 52% in 1988 and 1989 to 58% in the first half of 1993. During the same period, the market share of semi and row units fell from 26% to 20%. With the shift in market composiâ€" tion, median prices have been stable for singleâ€"detached homes, but have fallen for semis and rows in recent months.