Oakville Beaver, 16 Nov 1994, p. 45

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* In general, home owners‘ shelter costs are higher than those of renters for several years folâ€" lowing the purchase of a home. But over time, rents rise with inflation, while the main compoâ€" nent of home owners‘ costs (the mortgage payment) stays relativeâ€" ly constant (except when interest hile today‘s unique set of circumstances offer terrific opportunities for people looking for a place to call "home", getting into the marâ€" ket is also an excellent way to invest: Homebuying still good deal $259,900. Wedgewood Creek beauty! Spacious 4â€"bdrm. home with all the expensive upgrades professionally landscaped. Finished rec. rm. Be in for mas. MARY FOSTER* 825â€"1171. $309,000. Quiet elegance spoken here in this 2â€" bdrm. penthouse condo. A 1,200 sq. ft. terrace provides a panoramic view of the lake. Call BARGAIN! â€" It‘s Your Move Now! A Call Today. e §25â€"1171 Sales Representative * For the future, it appears that home ownership will continue to be a good investment, even in a low inflation world. An analysis based on an assumption of 2% inflation in the future indicates that, after 20 years, owners may have a net worth of $50,000 greater than renters. After 30 years, that worth jumps to $167,000 greater, as long as house prices increase at the same rate of inflation. rates rise). Over the long term, then, owners‘ costs are lower. * Even house prices don‘t | EXCEPTIONAL PROPERTY $239,000. Charming well maintained home. Kitchen has B/I oven countertop range, main floor fam: rm., central air, new windows, beautiful priâ€" vateâ€"garden. MARY LEE NADEAU** 825â€"1171. LAKEFRONT CONDO $129,900. Absolutely breathtaking views in luxury waterfront complex! Spacious one bdrm. + solarium on the water. Don‘t miss out! Call today! alil CC GI L YA Sales Representatives Ro_lllIIIIIHIIIII(IIIIIIII Tead mULL OAKVILLE CENTURY HOME $1,100,000. Beautifully restored home close to Gairloch Gardens, on 1 1/2 acres of parkâ€"like grounds. Large coach house on property. VIC HOLMES** 825â€"1171 Call One Of Our before you list. At a 1% annual increase in house prices (versus 2% general inflation), the owners‘ net worth is still $115,000 greater than the renters after 30 years. Even at zero inflation, the owners‘ net worth is still $75,000 greater than the renters after 30 years. * And because house prices are expected to rise, return on investâ€" ment will begin within the year. increase at as rapid a rate as inflaâ€" tion, owners still have an advanâ€" tage in terms of total net worth compared to renters after several years. CLOSE TO LAKE â€" LORNE PARK â€" _ SPACIOUS SEMI, 2 FPS $295,000. 1028 REBECCA STREET. Fabulous 3+3+1 ranch bungalow with addition over the garage; nanny or inâ€"law suite, renovated kitchen, large lot with beautiful trees. Call HELEN DANKO®* 825â€"1171. $189,000. Garden home one block from new marina. 3 bdrms., 4 baths, gas FP, central air/vacâ€" uum. Culâ€"deâ€"sac location, vacant ready to move into, LESLIE McNAMARA* 8$25â€"1171. Royal LePage Real Estate Services Lid., Broker *Sales Representative ** Associate Broker Sales Representative ADULT TOWNKHOME LIVING UNIQUE W/ROOFTOP PATIO PERHAPS TO DREAM CUSTOM BUILT BY DALZOTTO 825â€"1171 248 LAKESHORE RD. W., OAKVLLE Aim Higher For sound career advice, call Dorothy Thomson at 825â€"1171. As Broker/Manager, let her 25 years in the real estate business work for you. $243,900. Brays Lane, backing onto greenspace THINKING OF SELLING YOUR HOME NOW OR IN THE NEAR FUTURE? ESS T1 ROYAL LEPAG "~*_*_* Ti 1995 0°L * Guaranteed service * An individualized marketing plan Give me a call at 845â€"8522 239 Lakeshore Ra. E. Oakville HARVEST THE MANY FEATURES 4 LEVELS, HARDWOOD, MATURE LOT COUNTRY SPLENDOR IN CITY .. PAGES AND PAGES OF UPGRADES! PaRTIiciPacrion BE s

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