Oakville Beaver, 17 Aug 1994, p. 30

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tronger multiâ€" ple construcâ€" tion activity pushed _ national housing starts to an 18â€"month high of 166,600 units in June, reported Canada Housing and Multiple units push starts to 18â€"month high * New listing on the lake e 1/2 acre of treed privacy * Executive Townhouse * European eatâ€"in kitchen * Lakefront splendor * Over 3,600 sq. ft. of quality * Superb East Oabkville location _ « Custom designed built $1,117,000. LILIANA GONIN * Top flight address e Fine master suite 2271 IOWNE BLVD. LILIANA GONIN Urban starts of multiple dwellings surged 19.9 per cent to 70,000 units Corporation. On a seasonally adjusted annual rate (SAAR)* basis, total starts rose 5.2 per cent from May‘s 158,400 units. $1,025,000. LILIANA GONIN * Custom 5â€"badrm. one of a kind * Beautiful lake views each room * Main floor family room * Spacious master ensuite e Light airy brick 2â€"storey * Premium pieâ€"shaped lot "The. surge in new construction SAAR in June, up from 58,400 units in May. Starts of singleâ€" detached homes fell 4.6 per cent to 70,200 units SAAR, compared with 73,600 units in May. was due to condoâ€" minium starts in British Columbia recovering after two months of unusually low activity. As well, Ontario posted highâ€" er starts of multiple units, mainly apartâ€" ment condominiums, * Exceptional condition * Finished basement e SMALL downpayment to 6.5% financing * Luxury condominium eLarge spiit level oSofefysfgnced for children * Wailk to downtown * Up to 5 bedrooms OAD Associate Broker semiâ€"detached and row â€" houses in Toronto," said Gilles Proulx, chief econoâ€" mist at CMHC‘s market analysis cenâ€" tre. "Later this year, new construction is expected to drop because of increases $179,900. MAGDA LADANYI $137,000. MAGDA LADANYI $217,000. MAGDA LADANYI 2188 LUMBERMAN LANE MAGDA LADANY! in mortgage interest rates that took effect during March and again in June. But, with the current stronger levels of employment and economic activity, the drop should be limited," â€" Proulx * Huge fenced private lot * 2 new full baths, 3 bedrooms * 3 bedrooms, 2 baths e Sunken living room, separate dining room * Four bright bedrooms * Inground pool o In%round concrete pool * 1/3 acre treed privacy Associate Broker Urban starts in Ontario rose to 44,000 units (SAAR) in June from 41,200 units in May due to higher starts of multiâ€" ple units. The gains, mainly in semiâ€" detached row housâ€" * The SAAR is a monthly figure that is adjusted to remove normal seasonal variâ€" ation and multiplied by 12 to reflect annuâ€" allevels. n «+ # 4 in In the Prairie region, urban starts rose to a rate of 19,4000 units (SAAR) in June, up from 16,800 units in May. The gain was mainly in Alberta where starts rose to an annual rate of 15,700 units (SAAR), up from 12,900 the month before, as a result of higher condominium starts in Edmonton. Starts also increased in Manitoba, reachâ€" ing 2,500 units (SAAR), up from 2,100 units the month before. In Saskatchewan, conâ€" struction activity fell back from. 1,800 units (SAAR) in May, to 1,200 in June. Urban starts jumped to 9,900 units (SAAR) in the Atlantic region, up from 7,900 units the month before. Building activity rose in Nova Scotia (to 3,900 units) and New Brunswick (to 3,400 units) while it was lower in Newfoundland (to 2,100 units) and Prince Edward Island (to 500 units). Urban starts fell in Quebec due to 29,800 units (SAAR) from 36,100 in May. Following a fairly active new construcâ€" tion season earlier in the spring, all segâ€" ments of the market were hit by June‘s decline. It was modâ€" erate for singleâ€" detached starts but more sizable for all types of multiple In British Columbia, urban starts â€"rebounded sharply in June to 37,100 units (SAAR), up from 30,000 units in May. The performance was mainly due to a recovery in apartâ€" ment condominium starts, back to levels seen in 1993 and early 1994. Starts of singleâ€"detached dwellings only inched up. ing and condominiâ€" um apartment units, likely denote a shift of firstâ€"time buyers towards products that remain affordable even with higher mortgage interest rates. Lower starts of singleâ€"detached units were recorded.

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