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"Sharp increases in mortgages rates caused a rush into the housing market last spring," said Willard Dunning, senior market analyst at CMHC‘s Toronto Branch. "Consumers sensed that the interest rate cycle had reached bottom and accelerated their purâ€" chase decisions. Activity was very strong during February to June. In effect, the Toronto housing market borrowed sales from the second half of the year. The fall market is destined to be slower, because the pool of potential buyers has been reduced." T- oronto‘s resale housing market is decelerating, following a boisterous spring. This slowdown will last through the fall and into early 1995, accordâ€" ing to Canada Mortgage and Housing Corporation‘s Fall 1994 Toronto Real Estate Forecast. CMHC forecasts 44,000 MLS sales for this year, 13 per cent more than last year. Toronto market decelerating $285,000. Walk to amenities, school GO, living room w/fireplace, updatâ€" ed kitchen, w/o to fenced yard, 24 ft. family room, 22 ft. rec. rm., entrance to garage, hardwood floors, charm, character. MUST BE SEEN!! Call CAROL LINDOP 338â€"292000. $249,500. Lovely 4â€"bedroom, spaâ€" cious kit. with walkâ€"out to fabulous yard with inground pool. Close to schools shoppung QEW and 403. To view c JOAN BEEITAM 338â€"9000. $249,000. Immaculate 3â€"bdrm. on quiet culâ€" deâ€"sac,. completely private . _ main floor family room with skélighf, eatâ€"in kitchen, mbr. ensuite, c/a air cleaner, fin. rec. room more. DON NAUMOWICH 338â€"9000 67 Lakeshore Rd. W., Oakville $245,900. Lovely 4 bedâ€" room, main floor family room, 3 1/2 baths and fabulous finished baseâ€" ment with 5th bedroom, office, rec. room with library area. To view call JOAN BEETTAM 338â€"9000. $185,000. Mature trees, 142 ft. lot, 3 bdrms., living rm. with fireplace famiâ€" ly rm., hardwood floors, fin. basement w/kitchen. Convenient for amenities GO. Call CAROL LINDOP 338â€"9000. This will be the fourth highest level ever. The average price forecast reflects an upâ€"andâ€" down pattern. Elevated demand during the spring created a sellers‘ market, and the averâ€" age resale price rose by $17,000 in just five months, to $215,000. With the developing slowdown, it is likely that most of the value gains will be given back. By the start of 1995, the average price could be around $200,000, about the same as at the beginning of the year. Dunning concluded, "So far during the 1990s Toronto‘s economy has failed to share in the national economic recovery. In the rest of Canada, outside of Toronto, 300,000 jobs have been created in the past year. In Toronto, we are just now starting to see some convincing signs of improvement in conâ€" sumer spending, construction intentions, and manufacturing. During 1990â€"94 the key facâ€" tor in the Toronto housing market has been BEETTAM Sailes Rep. LINDOP interest rates and improvements in affordabilâ€" ity. The economy will start to give more supâ€" port to our housing market as 1995 progressâ€" S. hardwood, appliances plus pool table. _ Townhouse. End unit on the lake. Elevator, main floor FR, 4 badrms. For Sale $795,000. For lease $4,300. per month. To view call IOLA BUTTERY** Lot 100x150 â€" with cozy bungalow on Chamberiain 2 bdrm bungalow, Grand Ravine Dr. Ready for Lane. Near St. Mildred‘s school. It‘s a buy! IOLA your finishing touch. Your choice from builders BUTTERY** 844â€"2950. selection. Priced at $205,990. JIM PIFIELD® 844â€" 1/3 acre lot in great location. WALTER DALZIEL®* Big ranch bungalow on mature Walk to the Harbour and Village from this lovely four bedroom home on a quiet Bronte Street. Many extras, even the kitchen sink. Call for a personal tour. BOB MUNRO®* 2828 Kingsway Drive, Oakville... on the Oakville/Mississauga border Countrywide MON. to FRI 9:00 A.M. to 9:0¢ B SAT. 9:30 A.M. to 5:00 s l 54,“0 PHH HOME EQUITY CENTRE No matter where you are moving in North America, let us make your move a smooth one. Call us for your relocation package today. Charming home near shopping, schools. Sep. DR, 2 bdrmsngn main floor. 2 more bedmms on lower level. Mature private lot w/large deck. BEVERLY RANKIN® 844â€"2950/827â€"6839. For 1995, CMHC forecasts 40,000 resales and an average price of $206,000. This foreâ€" cast reflects a slow start to the year, with a gradual gain as jobs are created. t $124,900. Spotiless townhome offers a cheery white kitchen, 3 barms. C/air more! BERNETTA HO'IRUM" 844â€"2950/825â€"8945. . ; t Spacious 3â€"bedroom bungalow. Eatâ€"in kitghen with walkâ€"out to large sup room, Lâ€"shaped livingâ€" dining room, central air 2â€"car garage. $184,900. Call for more details. ELAINE BLAR * Close to new high school, quiet street. â€" Detached 2â€"storey â€" 4 bdrms. (minimum) â€" Main f. den â€" Door to garage from laundry If your home meets these requirements please call me NICK BELLISARIO®* 9:00 A.M. to 9:00 P.M SAT. 9:30 A.M. to 5:00 P.M WEDGEWOOD CREEK