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~C Rg 86 â€" £661 ‘6T 90 w ay, OCt. 27, released, give powerful reasons for extending the Home Buyers‘ Plan, says The Oakville, Milton and District Real Results of an independent survey, just 2 24 20 t Glen Abbey Branch imto the heart of (len Oakville, Ontano LGM 3E7 Abbey, near Rec. Tel. 338â€"3737 Fax. 338â€"7351 Centre, Q.E.W. and GO. [ _ i Home Buyer‘s Plan should be extended says survey Spacious 3â€"bdrm. apartment. Eatâ€"in kit., 2 bathrms., fireplace, pool etc. Near shops, bus GO train. Moveâ€"in condition, asking $102,000. A must to see! 20 SPEERS RD., UNIT 501 LAKEFRONT PROPERTY ETOBICOKE Unobstructed â€" million â€" dollar view. â€" "Magnificent property". Lot 100x215 ft. + 600 ft. water rights. Detached, 8 rooms, 2 baths, boat house, garage. Great potential â€" Asking $950,000. M. GRIFFITHS REALTOR 1â€"416â€"622â€"2261 MA Royal LePage Real Estate 3 SYINYAGY 39 1VAOU i 3 H 1 O N 44 PE mt h j j Home Match# with a million $ view. WENDY FRADETTE* 825â€"1171/825â€"3299 [ _ NU ROYAL LEPAG W Look and Listen up! Your chance to move into the heart of Glen "This survey by the Angus Reid Group Inc. demonstrates the importance of the plan to both housing markets and retirement planning," Richard Weima, President of The Oakville, Milton and District Real Estate Board, said. "It‘s good news for home buyers in this area." While the government has extended the First Home Loan Insurance program for five years, the Home Buyers‘ Plan, which has proven to be the more popular of the two, is scheduled to expire on March 1, 1994. The plan enables home buyers to access their own RRSPs for downpayment purposes. The Oakville, Milton and District Real Estate is joining with other member real estate boards of The Canadian Real Estate Association (CREA) in polling every @ 3+1 Bedroom, large kitchen, L shape @ @Liv.â€"Din., fam. rm., wet bar, FP, 2 e e baths, sauna, wine room, workshop. @ 6 rivate well treed garden plus ing. o eated pool, totally private. @ Call HELEN VICTOR SARIC 842â€"7000, @ ©@ 24 Hr Pager. © * Repaying their RRSPs is a high priority â€" 81% of respondents said it is important to repay. Fully 88% said they would repay at a minimum, at the rate of 1/15th per year as candidate in the current federal election campaign to support extension of the plan. Highlights of the survey are as follows: *« Four out of every five buyers who used the Home Buyers‘ Plan (79%) said it was an important factor in their decision to buy when they did. It was especially important for 86% of first time buyers. * Nearly half, 49%, said they would have been unlikely to buy their home without the plan. * The plan helped a significant number of home buyers surveyed â€" 24% in Toronto, 22% of all firstâ€"time buyers, 17% of buyers generally. @2452 Wyatt. Spacious 3 bedroom @ e raised bungalow, newly carpeted., .beoufiful mature fenced garden o backing onto park. This home also ® offers a rec. rm./FP and office/den. ®@ @ Looking for offer. . BY THE PARK 845 6700 IAEBE Â¥c $149,900 > (NO CONDO FEES EVER!) 13167 PRICES SUBJECT TO CHANGE WITHOUT NOTICE. E.0.€ "Experts have called this the ideal government program," said Weima. "It recognizes the importance of a principal residence in retirement; it eliminates having to choose between saving for a home and saving for retirement; it underlines the importance of the housing market to the economy and it‘s popular without draining the public purse. What we need now is an expression of political will to keep the Home Buyers‘ Plan as an ongoing instrument of housing finance." Canada Mortgage and Housing Corporation (CMHC) information released September 1, 1993, credits individuals making withdrawals under the Home Buyers‘ Plan with 26% of housing transactions nationally in 1992. The Department of Finance has reported that during the first year of the plan which ended March 1, 153,452 participants used the plan. Raw data for the period March 2 to July 29, 1993 indicate a further 45,500 applications to use RRSP funds. required by the plan. Only four per cent said they would not repay and declare their withdrawals as incomes. *« Home ownership was seen by 84% of those surveyed as being at least somewhat important to retirement planning â€" 54% said very important. The survey, commissioned by the Canadian Association, was conducted among recent home buyers in five major metropolitan centres across Canada. The results support CREA‘s position that the Home Buyers‘ Plan should become a standard financing option over the long term. * Owning a home was rated as by far the most important source of income for retirement.