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Home Builders‘ president optimistic for 1994 The following commentary was issued â€" by Peter Langer, president of the Greater Toronto Home Builders‘ Association: Welcome to 1994 â€" a good year for: housing! Why do I say that? |s For starters, from a newâ€"home sales standpoint, we are beginning 1994 having just posted the strongest quarter in almost five years. For the first nine months of 1993, newâ€" home sales in the Greater Toronto Area (GTA) remained flatâ€"line with 1992 =â€" the market was stable, but certainly not growâ€" ing. The last quarter, however, witnessed some remarkable monthly gains, resulting in total 1993 newâ€"home sales, racing ahead of 1992 by more than 10%. Based on the solid fourthâ€"quarter perforâ€" BOSLEY REAL ESTATE W. H. BOSLEY CO. LTD. REALTOR SOUTH OF LAKESHORE This superb home is situated on prime lot. $735,000. YOKA FEBERWEE* n HISTORIC AREA Elegant, tasteful, 5 bdrms., new garage, updated. $499,000. GILLIAN COCKCROFT* CAPE COD â€"IN ONTARIO Maintained 4 bedroomâ€"den. Large rooms. $309,900. MILLIE KEOHAN* HANDYMAN‘S HEAVEN 2+ bdrms., new windows, hiâ€"eff. furnance, air. $148,900. DAVID PAPPLE* POWER OF SALE!! Condo â€" lake views!! ANNE M. CHONG®* INTOWN CHARMER! 3 bedrooms, 2 bathrms. In new con BURLINGTON BEAUTY 3 level split, fam. rm., eatâ€"in kit., GILLIAN COCKCROFT* _ GRANARYâ€"ELEGANCE Solarium suite, two terraces w/lake _ DETACHED BRICK Large split, c. vac. air, spa., gas, FP Upgraded ++!! $369,000. mance in 1993 and the excellent affordabilâ€" ity scenario (the combination of housing prices and interest rates), the Greater Toronto Home Builders‘ Association is projecting a 15â€"toâ€"20% increase in newâ€" home sales in 1994. Our projection is supported by Dr. Frank Clayton â€" one of Canada‘s most respected housing economists. In his most recent Housing Report, Clayton poses the question, "When can we expect the housing market to respond (to the most favorable affordability situation in over 20 years?)" â€" and he concludes that "there are several factors which make us optimistic that the time may be near." In particular, Clayton cites the fact that the number of potential firstâ€"time buyers continues to grow; that interest rates and house prices are at or near bottom, and that dition! $269,000. YOKA FEBERWEE* sep. gar. $165,500. view. $394,900. CAROL ROGERS* Call now. $189,000. DAVID PAPPLE* ANNE M. CHONG* 321 Lakeshore Rd. E., Oakville $45â€"9350 COLONIAL CRESCENT Prestigious and spacious inside and out. $749,000. YOKA FEBERWEE* VIEW TO APPRECIATE Den â€" sec. sys., intercom, brick, walk/drive etc. $284,900. SYLVIA BOTTRELL* WISH LIST East, 4 bdrms., 4 baths, fam. rm., rec. rm. +++. $244,900. CAROL ROGERS* DERRY ROAD DELIGHT 78 acres, great home, site. Don‘t miss it. $339,000. DAVID PAPPLE* FOR SALE GREAT INCOME HIGH RETURN Seasonal business (driveâ€"in theatre) + super land holding. $1,395,000. MARION MATICHUK* INVESTMENT 9,300 sq. ft. on Chartwell Rd. 3,750 sq. ft. in front 3,500 sq. ft. in - rear. $325,000. DON RUTLEDGE* Trusted in Real Estate Since 1928 newâ€"home sales in the GTA are more buoyâ€" ant. If you‘re thinking of buying your first home or moving up to that dream home, now may be the time to buy, Clayton notes, and says, "with the latest round of mortâ€" gageâ€"rate cuts, those â€"who have been playâ€" ing a waitâ€"andâ€"see game should be increasâ€" ingly convinced that there is not much leeâ€" way left for rates to drop further. So too, stable house prices in many areas suggest that there is a risk that prices will rise before these buyers get into the market." Firstâ€"time and moveâ€"up buyers are also reminded that, unless the new federal govâ€" ernment changes its mind, the RRSP Home Buyers‘ Plan is set to expire on Mar. 1 1994. .Under this program, you are allowed to withdraw up to $20,000 from your RRSP *@ ® $149,900. SUSAN SALTER* PROPERTY downtown. $790,000. MILLIE KEOHAN* POWER OF SALE!!! DON RUTLEDGE* Large Executive, near lake. TWO BUILDINGS 550 â€" 6,000 sq. ft. for lease. WAS ON HOME TOUR Central, large lot, separate DR, 3 bdrms., very stylish. $279,750. GILLIAN COCKCROFT* HEARTH AND HOME Workshop, fireplace, walk to shops. SEEING IS BELIEVING Homey 2 bedroom, den and fireplace. $339,000. B. KEEN®*/C. ROGERS* FOR CHURCH, VET, STABLE, DOG KENNEL 3â€"3/4 acres, QEW visibiliâ€" ty. $649,000. 1,600 sq. ft. of perfection. SHARON BARKLEY* 324,900. 845â€"9350 VERONICA KOEKHLER** 1._¢Câ€"._1. FOR LEASE MEWSâ€"TYPE SPACE FORLEASE _ 1016 SQ. FT. MEDICAL/DENTAL 345, 400 sq. ft. and up. Retail in OFFICE SPACE â€" SMALL OR LARGE _ ATTENTIONPROFESSIONALS MILLIE KEOHAN®* ($40,000 per couple) without penalty as long as the money is used to purchase a house. The catch is that you have to buy a home on or before Mar. 1, 1994, and the deal must â€"close by Sept. 30, 1994. The Ontario government recently announced the extension of the Ontario Home Ownership Savings Plan (OHOSP), which was set to expire on Dec. 31, 1993. However, it eliminated the popular landâ€" transfer tax refund component for plans opened subsequent to Jan. 1, 1994. One final word of caution â€" don‘t get hung up on programs. They are there to help you, but they should not drive your decision. You have to make the decision to buy a new home, based on what you can afford and how you view the market opporâ€" tunities. Best wishes for 1994 ! Feature Home DO YOURSELF AFAVOUR Come see a 5 br. beauty on a stunning lot. $499,000. CHUCK PARKER** 150‘ frontage. Magnificent potential to build or renovate. $950,000. VERONICA KOEHLER** DELIGHTFUL â€" BRIGHT Private court yard. Neutral tones. Appliances. $144,900. VERONICA KOEHLER** Numerous upgr. New windows. Ne fam. addition. Beaut. lot. $199,900. VERONICA KOEHLER** WAITING FOR YOU Total privacy on ravine. Large rooms, very unique. V. KOEHLER*/S. BARKLEY® CONDO WITH GARDEN You can bring the dogs. AFFORDABLE OFFICE SPACE FOR 1,100 sq. ft. in Prime Oakville area. MILLIE KEOHAN®* For lease in professional building. FINOLA RAYNER*/MILLIE KEOHAN* 1,146 sq. ft. attractively finished office space available. MILLIE KEOHAN* **Associate Broker r66eL ‘z; ‘uep ‘enreg ‘eilmeo 9y1 ‘ele]s3 jeoy â€" 1