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

Housing recovery will continue in ‘94: CMHC The housing recovery in most metroâ€" politan areas will get back on track in 1994, according to a report issuedin December by the Canada Mortgage and Housing Corporation. Starts, resales, and prices, will rebound in most major urban centres after a forecast drop in 1993, according to the fourth quarter edition of Canadian Housing Markets. "Widespread employment growth, low interest rates, a high level of affordâ€" ability and increasing consumer confiâ€" dence will all contribute to stronger local housing markets in 1994," said Greg Goy, manager, Local Market Analysis. Housing starts and resales will grow by about 3% in the nation‘s larger urban areas this year. These gains follow declines in 1993 of about 7% in starts and 6% in resales. Starts are forecast to CONNECT JOHNSTON DANIEL eb ces YOUR OWN ESTATE $579 000 This home is very special. It has been lovingly cared for by its present owners, 4 bdrms., 4 bathrms., sauna, fully fin. bsmt. EDNA KING* 844â€"6061 sere oR CoNoMyar vaury, mature trees, 3 bdrms., new roof s one year ago, updated kitchen. EDNA KING* 844â€"6061 VALUE WITH ELEGANCE $799,000. Superb 2 storey, 5 bdrms., bathrms completely ren. home, south of Lak%hore E. Oakville, 2/3 ac., ing. pool. EDNA KING* 844â€"6061 increase the most during 1994 in Thunder Bay (36%), Trois Rivieres, (22%), Winnipeg, (21%), Toronto, (19%), and Oshawa (18%). Starts will go up in Toronto after hitâ€" ting a 32â€"year low in 1993. "Modest employment and good affordability will help fuel the longâ€"awaited Toronto upturn next year," said Goy. In most areas, prices will not rise enough to significantly reduce affordabilâ€" ity as mortgage rates are expected to stay low next year. However, the average price of a new single home in Vancouver will hit $450,000 in 1994. Yet, this repreâ€" sents only a 5% climb in price after douâ€" ble digit gains in each of the last two years. Trois Rivieres is forecast to have the most affordable new single home price in Canada next year at $84,000. <j O H NS T O N _ _â€" DA NJ EL This edition of Canadian Housing Markets also features the findings of two recent studies on how construction and land costs in Alberta have changed between 1977 and 1991. Overall, construction and land costs in Calgary, Edmonton, and Lethbridge Builder Forum continues tomorrow The annual Ontario Builder Forum, the annual conference for Ontario‘s home building industry, continues for a second and final day tomorrow (Jan. 13) at the Toronto Airport Hilton hotel. Delegates for the second day may still register at the door. Experts from a variety of fields will LI MJ T ED _R EA L T OR 299 Lakeshore Road East, Oakville â€" 844â€"6061 * o ie GARDEN DRIVE _ _ $159,000. Great opportunity for first time buyers or retirees, mature lot, walk downtown, new siding. Make offer now! SUSAN FLYNN* 844â€"6061 «x dsn rzfifid 4 great buy Fam. rm. with good school. Call ANN SINGLEHURST* 844â€"6061 T=cz CL [ RBoL ocE SUPERB FAMILY HOME EAST $399,000. Georgian style 4â€"bdrm., fab. mstr. suite, 3/ bathrms., solarium, fam. rm., nanny suite, private lot, pool. BRENDA NEWELL* 844â€"6061 PRIME EAST THE TIME IS NOW $359, â€" 4 bdrms., main floor den, fn bsmt wrthSthbdrm games mm., hot tub, sauna, 3â€"pce. wash. PHYLLIS NICHOLSON®* 844â€"6061 SPOTLESS AND NICE $217,500. This cozy 4 + 1 bdrm. family home was built, circa 1969, and was the ‘Model Home‘. Eatâ€"in kitchen, | spacious living/dining room with screened in porch, finished _ .. More CONNELLY* increased less than family income, resultâ€" ing in a significant improvement in housâ€" ing affordability. Goy explained that, "The magnitude of the improvement was significant, allowing first time buyers access to much larger homes with more amenities." cover the latest in trends, techniques, and innovations in the home building industry. Delegates have already indicated a preference for highâ€"tech sessions on the healthy house, alternative home heating fuels and chemically sensitive housing. ‘z1 ‘uep ‘Aepsaupam ‘1oneog ‘ailimye0 oy1 120H â€" € JOHNSTON +9 Mn c : ANNOUNCEMENT es y i SHARON McINTYRE Sales Representative Marion Henderson, Viceâ€"President Manager, Johnston Daniel Limited, is pleased to announce the appointment of Sharon Mcintyre to the Oakville Office. Sharon has a very successful track record with another local firm. In keeping with our standard of excellence, we are proud to welcome Sharon to our dynamic office group. SHARON WELCOMES YOUR CALL! Bus: 844â€"6061 Res: 632â€"4337 LAKEFRONT PIONEER $499,000. This "ORIGINAL HOUSE" circa early 1800‘s combines charm + convenience, i r‘i;;hts. Contact L.A. re: zoning. BEV ELLIS* 844â€"6061/845â€"2388 45 ACRES ON GUE $169,000. Unigaoly redcatyicd bungalow with separate afiartment, backing up to wooded greenbelt. SUE TOMPKINS* 844â€"6061 $549,900. Century stone home w pine floors + loads of character, sturdy barn, horse stalls, paddock + loads more. MO CONNELLY* 844â€"6061 recreation room, central air new high efficiency fumace. *"§@Z z54 * Superbly landscaped. For further details, call 825â€"1087 OVERLOOKING CREEK _ $449,900 â€" 9,900. Superb Georgian style freehold townhomes to be built in Old Oakville. Roof top greenhouse terrace. M. CONNELLY*/B. NEWELL* 844â€"6061 VALUE PLUS LINK _ $169,900. Cathedral ceiling in liv. rm., combination kit./fam. rm. with fireplace. Sep. din. rm., 3 large bdrms. Make offer. SUE TOMPKINS* 844â€"6061 ForEls“er‘rfl.SEuLxfir%%solg; 1;15)" oKnE ht on| | $2, 1§0EImNI UY BRONTE I?‘l)JXUl;go sq. the water â€" Esplanade Model. 2â€"bdrm. +] | ft. in beautiful "BHISTOLapLApNDING" This den + balcony. Immed. poss. $2,100/mo. executive lifestyle is the ultimate! FORD O‘BRIEN®* 844â€"6061 BEV ELLIS* 844â€"6061/845â€"2388