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1994 â€" 8 NORTH NEWS Friday, July 1, Relocation firm joins global network The recent launch of an independent Mexican broker network will assist Ralph F. McCormick Associates Ltd., the Homequity Relocation Center in the greater Oakville area, to enhance its real estate serâ€" vices throughout North America. "In an industry that is seeing increasing international business, this move will expand our ability to assist investors, transferring famâ€" ilies and retirees with their crossâ€"border real estate needs," said a company representative. A member of North America‘s leading brokerâ€"toâ€"broker network, the firm maintains its HRC status by meeting rigorous quality control and client satisfaction standards. Its selection was made following extensive reviews of all real estate companies in the market. The establishment of a Mexican network provides crossâ€"border business opportunities for Ralph F. McCormick Associates, in concert with its Canadian/U.S. counterparts. Last year, on behalf of its 1,100 corporate and government clients, PHH Homequity, based in Wiltor, Connecticut, assisted more than 40,000 transferring families and managed in excess of $5 billion in residential real estate. Based in Mexico City, the new enterprise, PHH Network Services S.A. de C.V., will recruit, train and manage the PHH Centros de Servicios Inmobiliarios (Real Estate Centers) network of marketâ€"dominant firms. "NAFTA enables us to respond directly to the need for enhanced operating methods and expanded training in the Mexican real estate practice. The current stateâ€"ofâ€"theâ€"art industry there presents an opportunity to elevate profesâ€" sional standards," noted W. Bruce Wallin, PHH Network Services senior vice president and general manager. "Our goal is to recruit ‘Best in Class® affiliâ€" ates throughout the country to offer the highest quality real estate services to Mexican conâ€" sumers as well as to crossâ€"border transferees." The PHH Homequity Relocation Centers Network is composed of more than 54,000 professionals in 2,000 offices serving in excess of 490 markets. PHH Homequlty, the world‘s largest relocation firm, serving 45 countries, is an operating unit of PHH Corporation (NYSE: PHH). Strong new home sales pace continues here were 1,288 new homes sold I in the Greater Toronto Area during May, 1994, an increase of 52 per cent over the 850 homes sold in May, 1993, according to the Greater Toronto Home Builders‘ Association. May‘s news home sales were down 38 per cent from April, 1994, in part a reflection of the recent increases in mortâ€" gage rats but moreso a reflection of norâ€" mal seasonal cycles. Between 1991 and 1994, sales have decreased 29 per cent on average from April to May. MAKE HOUSE CP\‘- (905) $45â€"9180 BACKYARD TO LOVE Move in before school starts. Near trapsit. Fenced, priâ€" schools, shopping, vate rear yard. 60x 150 value in potential land use. POPULAR NEIGHBOURHOOD Makes fast action a must for this freehold T/H. Enjoy wall to wall closets in master bedroom super bath. FAST POSSESSION 3â€"badrm. T/H with walkout to backyard park. Wall to wall neutral carpeting. Cinay CEntTurRY 21 MILLER REAL EsTATE LTD. REALTOR '%‘,,M«*? Pn n 4 Large bright kitchen. DESIGNED FOR YOUR FAMILY Large 4â€"badrm. bungalow with addition. Almost 2 acres in Burlington. Good UNUSUAL OPPORTUNITY 2 homes on 285‘x410‘ lot. 2â€"storey, 4â€" bdrm.: home plus duplex. Ideal BB or retreat. Thoroughly renovatede_ GTHBA president Peter Langer, attributed May‘s positive result to the excellent value being offered by builders in terms of both price and features. "Many builders are offering valuable incentives including mortgage buydowns, which has mitigated the effect of the recent increases in mortgage rates," he said. "This is the eighth consecutive month in which monthly sales have exceeded the same month in the previous year," Langer noted. "Throughout this period, the solid market performance has been based on excellent affordability." "We are dealing with a very patient and sophisticated buyer today â€" they have done their homework and they recâ€" ognize good value. As long as builder can continue to offer reasonable prices and excellent quality, we expect the market to remain relatively strong. It is clear, howâ€" ever, that the consumer is not willing to accept substantial increases in price," Langer added. Housing Data Report )HDR), prepared by PMA Group (Brethour Research) for the GTHBA, stated that May new home sales consisted of 909 freehold homes (71 pre cent) and 379 condominiums (29 per cent). remain relatively strong. It is clear, however, that the consumer is not willing to accept substantial increases in price," Langer added. Housing Data Report )HDR), prepared by PMA Group (Brethour Research) for the GTHBA, stated that May new home sales consisted of 909 freehold homes (71 pre cent) and 379 condominiums (29 per cent). GET INFORMATION! REPORT SIGHTINGS! 1â€"800â€"563â€"7711 ONTARIO FEDERATION OF ANGLERS HUNTERS /zgm/ alout Eatate /+ ANNA McLEOD Mlways on call for LOCAL DIRECT LINE 91 BETTER THAN NEW $178,900 Quiet pretty street. Pool size lot, mature trees and cedars. Excellent Iandscapmg Huge country kitchen. Fully finished lower _ sb Fuull hiat level with cosy woodâ€"buming stove. This beautiful home is in immaculate condition and pride of ownership really shows. Excellent family neighbourhood and an easy walk to the Harbour and Lake. of features availebe CALL ANNA DIRECT... 827â€"9591 TRUSTED IN REAL ESTATE SINCE 1981 oft /W/