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THE OAKVILLE BEAVER Fri., November 4, 1994 2m<< IOme 6 148 nits in Sept a S a 9 Fs nnua Canad The , 108 In w fe oo Housing starts inch up in September ational housing starts rose 3.5 per cent in September to 153,900 units at a seasonally adjusted annual rate (SAAR), reported Canada Mortgage and Housing Corporation. In urban centres, starts of singleâ€" detached dwellings rose 3.8 per cent in September to 67,800 units SAAR, compared with 65,300 units in August. The August starts level was 148,700 units SAAR. § Vfdultiple unit construction moved up as well, to 61,100 units SAAR, a FrEEHOID LUuxuERY ‘TOwNHOUSE PROJECT ho adiulh For furtber information please call: Ruth Anne Winter, 67 Lakeshore Re Remax Aboutowne Realty Corp. (905) 338â€"9000 338â€"9000 ow under construction. Located in the heart of Olde Oakville. Traditionally designed homes overlooking the Sixteen Mile Creek. Priced from $449,900 to $499,900. ‘Available in Spring 1995. 4.6 per cent gain from a level of 58,400 units in the previous month. "The moderate September recovâ€" ery, is a sign that new construction is leveling off after the slide caused by rising mortgage rates over the Marchâ€"June period," says Gilles Proulx, chief economist at CMHC‘s Market Analysis Centre. "Several trends important for new construction have turned favorable in recent months. Mortgage interest rates are in retreat for the time being, and sales of existing homes have likely bottomed out." GUIDE To NEW F6 Add to this the fast pace of the Chisholms DPointe 67 Lakeshore Rd. W economic expansion and its impact on jobs and confidence. These are key ingredients for a brighter conâ€" struction outlook," Proulx added. Ontario urban starts jumped nearly 20 per cent to a level of 48,500 units SAAR in September compared with 40,800 in August. Both singleâ€" detached and multiple units conâ€" tributed to the increase. New construction responds New construction appears to be responding to the better economic conditions, including employment, the province has been enjoying for a few months. Quebec urban starts fell to 21,300 units SAAR in September, down from 27,200 units in August. This fourth consecutive decline was concentrated in multiple unit construction, as starts of singleâ€" detached dwellings were up slightly. The drop in multiple construction can be attributed to lower construcâ€" tion of condominium units. British Columbia urban starts inched up again to 34, 500 units SAAR, up from 34,200 in August. The gain reflected increased conâ€" struction of condominium units. By contrast, singleâ€"detached starts fell slightly. Activity in the Prairies rose up to 16,600 units SAAR in September, up from 14,700 units in August. All three provinces made a posiâ€" tive contribution, and the advances mainly reflected stepped up construcâ€" tion of multiple units. In the Atlantic region, starts activâ€" ity jumped to 8,000 units SAAR in September up from 6,800 units in August. The largest gains were recorded in Nova Scotia and Prince Edward Island. Activity was only slightly higher in New Brunswick while a decline was recorded in Newfoundland. T he prestigious _ Freehold Townhome PmJect of Chisholm‘s _ is located in the heart of Olde Oakville within steps of the downâ€" town boutiques and restaurants and withâ€" in walking distance of the GO Train and municipal transportation. Six traditionally designed homes overlook the sixteen mile creek with its spectacular seasonal views and wildlife and are sited on professionally landâ€" scaped property in a residential neighâ€" borhood. For further privacy the plan calls for the construction of an eight foot privacy fence along the rear garden line and planting of twelve, fourteen foot trees with a mix of deciduous and coniferous trees. Luxurious freehold townhomes in the heart of Olde Oakville The fourâ€"level, threeâ€"storey units are designed in a staggered fashion with each set back being one to two metres to afford privacy and architectural interest. An additional exciting feature is a rooftop terrace garden area accessed from the master suite level. The principals involved in this project have been active locally in the construcâ€" tion since 1987 and are recognized here for their Freehold Townhome developâ€" ments at Harbour Lights, Bristol Landing and Park Lane on Marine Drive in West Oakville and The Ravines of Twin Oaks on the Sixth Line in North Oakville. In addition they have built a number of luxâ€" ury custom homes in the Mississauga area. Their dedication to originality in design and quality craftsmanship has been proven through the years and conâ€" tinues with this exciting project.