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Real Estate:The Oakville Beaver, Wednesday, Mar. 23, 1994 â€" 4 February storms delay Metro area housing starts the Toronto Census Metropolitan Area (CMA) in February 1994 â€" a 16% decrease from the 1,042 units recorded in February 1993 â€" according to Canada Mortgage and Housing Corporation‘s Toronto Branch Office. The seasonally adjusted annual rate (SAAR) for the Toronto CMA was 15,200 units in February 1994. This folâ€" lowed the 12,300 SAAR recorded in January. Compared to a year ago, starts fell by I 1 ousing starts totalled 876 units for 46% for singleâ€"detached dwellings. Starts of 293 single detached units were equivalent to 7,000 units SAAR. Multiple unit starts increased by 17% to 583 units, or 8,200 SAAR. "Stormy and cold weather in the first half of February was the key factor, as it «prevented builders from putting footings in the ground," said Willard Dunning, senior market analyst, at CMHC‘s Toronto Branch Office. "As a result, sinâ€" gleâ€"family starts were limited during the month. At the same time, construction was started on a number of assisted rental apartment structures." Assisted housing starts totalled 484 units during the month of February, compared to only 14 units in the same montlelast year. Total private sector starts of homeowner dwellings amounted to only 392 units, versus 1,028 a year ago. > Dunning concluded, "In the early months of 1994, housing construction has been slow. This is strictly a function of bad weather, which has caused delays in construction. Other housing market indicators show that consumers are responding to improved housing affordâ€" ability..Sales trends have been rising for both resales and new homes. This sugâ€" gests that housing starts in Toronto will rebound with the arrival of spring." Nationally, housing starts rose to 153,100 units (SAAR) from the revised 142,900 SAAR recorded in January. Starts in urban areas of Ontario were 42,200 units (SAAR), a rebound from 34,800 SAAR in January. National housing survey reveals growth Housing markets in metropolitan Toronto are showing new signs of life, according to a national house price surâ€" vey released today by Century 21 Canada. The survey found stable markets in most areas with modest price increases reported in the selling prices of typical homes in four of nine areas surveyed in Toronto over the past three months. "What we are seeing reflects a market trend that began during the fall," says Don Lawby, the president and chief operâ€" ating officer of Century 21 Canada. "There has been a good deal of real estate activity in Metro Toronto followâ€" ing the federal election. Consumer confiâ€" dence is stronger and that is translating into more sales and marginallyâ€"higher prices. As a result, we are projecting a strong spring market in Toronto." The largest percentage price gains in Toronto were reported in the Beaches, where the price of a typical threeâ€"bedâ€" room home rose from $313,000 to $333,000 â€" a gain of 6.4%. "Fewer listings and increased demand is exerting upward pressure on selling prices in the Beaches," says Clare Fulton of Century 21 Percy Fulton Ltd. "Most of the homes sold are being purchased by people in higherâ€"income brackets who are moving up from a first or second home." The largest price declines in Metro Toronto were reported in south Scarborough, where the average selling Seminar assists home buyers During the last five months, new home sales have increased dramatically. With more potential home buyers contemplating the biggest decision of their lives, the Greater Toronto Home Builders‘ Association (GTHBA) wants to remind consumers of a few "musts" when looking for a home. Consumers can find out how to take that important first step toward home ownership by attending the free Firstâ€"Time Buyers Seminar offered by the GTHBA on Wed., March 30 from 7 to 9 p.m. in the Centennial Ballroom at the Inn on the Park Hotel (1100 Egiinton Ave. E. at Leslie). This session‘s speakers include Tom Alton, president of the Bank of Montreal Mortgage Corporation; Alan Silverstein, noted real estate lawyer/author/columnist; Andy Brethour, president of PMA â€" Brethour Real Estate; Aubrey LeBlanc, chief operating officer for the Ontario New Home Warranty Program; and a senior official from Canada Mortgage and Housing Corporation. GTHBA president Peter Langer will be the moderator. Due to space limitations, interested indiâ€" viduals should preâ€"register by calling the GTHBA Housing Information Hotline at 391â€"HOME (391â€"4663). The GTHBA Firstâ€" Time Home Buyers Seminar is sponsored in part by The Toronto Star and Canada Mortgage and Housing Corporation. price of a threeâ€"bedroom home decreased from $182,000 to $172,000, or â€"5.5% during the survey period. Prices in most other areas were largely unchanged with price increases or declines of 2% or less being reported. Summary of percentage changes in â€" selling prices of typical homes in selected cities in Ontario are as follows: Greater QUIET STREET $279,000. Mature trees, walk to lake downtown from this superbly appointed 2 bedroom home. oLdF _|" L IDEAL FOR INLAWS $459,900. Enjoy this spectacuâ€" lar ly updated 4 bedroom home with 3 FP‘s, whirlpoo!! park. GLEN ABBEY YOUR FAMILY DREAM $287,500. Glistening ceramic enhances the main floor. Heated concrete pool adds to your fun. ~ A BUNGALOW $328,000. 973200 t lot on Donessle, 1 1/2 baths, 2 FP‘s. Design your own addition. ROOM FOR ALL $498,000. 5 Bedrooms, magâ€" ificent dining kitchen addiâ€" tion, heated pool in your own SUN $399,000. 150‘ lot with pool, backing onto school parkland, 5 bedrooms. "one owner home" Metro Toronto: â€"5.5% to +6.4%; Ottawa: â€"2.0% to +1.0%; Kingston: no change; Sudbury: â€"4.1%; Peterborough: +3.6%; Hamilton: â€"1.9%; Burlington: +0.6%. Each of the areas surveyed across Canada has a home style that is considâ€" ered "typical" of the majority of homes in that community. _ By tracking price changes in this "typâ€" ical" house category â€" rather than averâ€" age or median prices â€" the Century 21 Canada survey provides consumers with a more accurate picture of price changes in their area. Century 21 Real Estate Corporation â€" which is owned by the Metropolitan Life Insurance Company â€" is the world‘s largest real estate organization. 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