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Specializing in Country Properties for 21 years Luxurious 4,700 sq.ft. {plus 1,950 sq.ft. finished on lower level) 2 storey Georgian. Custom built for the vendor in 1989. The home features large principal rooms throughout with numerous upgrades extras. Set on prof. landscaped 2.4 acres with pool mature trees in prestigious rural estate surroundâ€" ed by magnificent natural woodlands. $695,000. 215 DONESSLE $475,000 THE COUNTRY CORNER INGE WINTHER * 878â€"8101 | _ sssowitmort $204,500 ANELL FRANCIS REAL ESTATE 849â€"9800 * Sales Representative **Broker WAssociate Brokex Each Offic is an . Independently Owned and Operated Member Br k of BAnker Affilates of Canada COME TO OUR SPRING OPEN HOUSE SPECTACULAR RURAL ESTATE COLDWELL BANKER ANELL FRANCIS REAL ESTATE 88 DUNN ST./â€"849â€"9800 MEMBERS OF OAKVILLE MILTON DISTRICT REAL ESTATE BOARD TORONTO REAL ESTATE BOARD 180 waTsoN $279,000 2159 PELEE $169,900 ROYA‘. Lâ€"PAGE TT Royal LePoge Real Estate Services Lid. Expect the best° ANNA PAFFRATH® MARY JO RAVEN® AIR fter a disâ€" k _ appointâ€" . ing 1993, housing starts are expected to rise in 1994, according to Canada Mortgage Builders‘ forecast predicts rise in housing starts 2â€"bdrm. condo in heart of Bronte. Perfect view of lake har Humphries* $249,000 LUXURY AT ITS BEST 7 _ NO - MONEY DOWN! Nearly 2,200 sqft luxury townhouse living. Extraordinary financing. $349,000 FUTURE OPPORTUNITY Almost 2 perfect acres, large 4â€"bdrm. home, mn. fir. fam. rm. In line for future development Cindy Humphries* $259,500 â€" 2860 SQ. FT. Quiet circle street, 4 bedrooms., main floor den, large family room. 2 tier deck. Cindy Humphries* and Housing Corporation‘s (CMHC) Spring Builders Forecast. Increased â€" new home sales are expected to be the motivating factor T ITS BEST $289,900 DOWNTOWN CLASS nte. Perfect view of 3â€"bdrm., 3 baths, freehold end unit, Englsh ft terace. Cindy garden, large deck, finished basement. Cindy $174,900 $184,000 OVERSIZED LOT 3 bdrms. 1 bdrm. inâ€"law suite, sunken family rm.,walk to Lake. Cindy Humphri Humphries* in the improved construction activiâ€" ty. A tighter supâ€" ply of modestly priced homes in the resale market is causing shortages MAIR MAIR MAIR 257.074m MAIR in some areas, and providing greater opportunities for builders. Falling interest rates in late 1993 pushed new home sales up by 12% from the preâ€" vious year. The momentum in sales is continuing into 1994. The limited supply of existing starter homes is leading firstâ€"time buyers to the new home market, where they are finding an increasâ€" ing variety of affordable housing options. For the year, new home sales are forecast to increase by 15% to 13,000 units. The dominance of firstâ€"time buyers will lower the average price of an absorbed singleâ€" detached home to $302,000. "During the past two years, the number of existing homes offered for sale on the market has fallen by 25%," noted Willard Dunning, senior market anaâ€" lyst at CMHC‘s Toronto Branch. "The increased activity that resultâ€" ed from lower interest rates in 1993 has caused shortages in a number of areas. Builders have taken the opportuâ€" nity to attract more firstâ€"time buyers by offering more affordable options, including smaller singles and townâ€" homes. : Housing starts were boosted by assisted housing in the past three years, but increased home buying will fuel housing construcâ€" tion in 1994." 1994. est 1 occun made ship : those over adde "This owne able 100,0 a rest ity is stron espe« sprin when have Stror dema tinue time, of: t The most signifâ€" icant increase in starts will occur for multiple â€" home ownership units, including semiâ€" detached, townâ€" homes, and condoâ€" miniums, which are forecast to rise to 4,400 units. Singleâ€"detached starts are also foreâ€" cast to increase, up by 12% to 9,000. Continuing weak rental â€" demand, however, will result in a reducâ€" tion in rental conâ€" struction. With declines expected in both the private and assisted marâ€" ket, rental starts are forecast to fall to 3,900. In total, housing starts will increase by 11% to 17,300 units in Warmly Welcomes JACQUELINE van‘t HULENAAR An experienced Oakuville Real Estate Sales Professional The fall in interâ€" est rates which occurred in 1993 made home ownerâ€" ship accessible to those with incomes over $40,000," added Dunning. "This makes home ownership affordâ€" able for at least 100,000 renters. As a result, affordabilâ€" ity is generating strong â€" demand, especially in the spring of 1994 when interest rates have bottomed. Strong firstâ€"time demand will conâ€" tinue for some time, but the rate of buying will gradually slow as the pool of buyers is depleted." The high level of affordability, which has benefitâ€" ed the home ownâ€" ership market, conâ€" tinues to weaken demand for rentals. High unemployâ€" ment is limiting household formaâ€" tion, so tenants shifting to home ownership are not being replaced as quickly. Demand will be greater than the new supply, howâ€" ever, as rental conâ€" struction dropped sharply in 1993. For 1994, the vacancy rate is forecast to fall to 1.8% in October 1994 from 2.0% in October 1993.