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Real Estate:The Oakville Beaver, Wednesday, Mar. 23, 1994 â€" 26 increase in housing sales over the next few months, prices may begin to escalate once again as they did in the second half of the 1980s. Gradual, yet strong growth, is safer than a sharp rise because it allows the indusâ€" try time to adjust to an upturn. Industry repreâ€" sentatives point to the following indicators as eviâ€" dence that prices will not remain at today‘s lows: + With the slowdow n in home building, labor rate conâ€" cessions â€" have occurred which will likely be reversed when higher activity levels resume. «: The past gouple of years have seen suppliâ€" ers and manufacâ€" turers hold the lineâ€" on ‘price increases; a situâ€" ation which will not continue throughout the. coming year again, putting upward pressure on new home pricing. Builders pricing has been adjusted over the past two years to lowest _ levels possible, often in an attempt to maintain operaâ€" tions; a trend destined to change as sales pick up. * With reduced activity, many firms and workâ€" ers have. left the business. â€"The capacity of the housing industry may have dipped below the level necessary â€" for producing the volumes required in the futute:; accommodating the demand will drive prices up. * With long lead times now required for approvals of new developments and shortages of the infrastructure necessary to Housing _ as resull of ith= <the VV expected prices accommodate new housing, a strong upturn in demand _ could again lead to an escalation of the prices of availâ€" able land; the major component in new home prices. 4124 February home sales up 62% The strong upward trend in new home sales continued in February, marking the fifth consecutive month of significant growth in the market, Greater _ Toronto Home _ Builders‘ A s s o c ia t i o n (GTHBA) President Peter Langer announced recently. New home sales totalled 1,648 in February, 1994, up 62% compared with February, 1993 and up _ 54% â€" from January, 1994. Over 33 "A B/RM‘S CLEAN AS A WISTLE Stunning 4 bedroom. 3 bathrooms, 2 storey home on quiet cres., ingd. pool, family mm. FP brick ., eatâ€"in kitchen , finisned basement, C/A, vac, high efficency fumace, double garage. 93 "STARTERS LOOK NO FURTHER 4 levels all finished. 3+2 B/R, 2 full baths, hwd. brdim. throughout, inlaw suite potential, 2 kitchens, family room w/fireplace, 2 car agrage. Terrific area, near park. Don‘t miss this one 2506 TREVOR Adam Campbell 842â€"7000 1140 AVONDALE Adam Campbell 842â€"7000 the last five_months, new homes sales have increased 44%, 70%, 77%, 64% and now 62% respectiveâ€" ly compared with the same month the preâ€" vious year. Langer attributed February‘s results to the strength of the firstâ€"time moveâ€"up : market as well‘ as excellent values on condominium invenâ€" tory and attractive new condominium townhouse product. "The preponderâ€" ance of positive ecoâ€" x ASTIC BUY BEAUTIFUL STARTER" s Incredible large 4 level, 4 B/R sidespiit in mature Gorgeous 3 B/R Glen Abbey link home on quiet area, main floor den/office, hwd strip floors cres., 2 baths, fin. bsmnt. C/A, vac, eatâ€"in kit., under brdim. 2 baths, above grd. family im. Det. fenced Â¥ord. Lovely front veranda, flagstone BC lsature Service Rd, E* 842â€"7000 _ "POWER OF SALE Picturesque views from this 14 acre updated 3+1 bdrm. bungalow. Situated on the banks of 12 Mile Creek, open concept family home is 15 min. to Aplieby Line Hwy #5. Won‘t last!!! nomic news, particuâ€" larly no tax increases in the federal budget and many local municipal budgets, combined with outâ€" standing affordabiliâ€" ty, has buoyed conâ€" sumer confidence. There‘s clearly something going on out there and it‘s very positive," Langer said. "We noted in January that the marâ€" ket‘s appeared to have carâ€" ried _ over _ into February, and these 2.5 car agrage. 60‘x125" lot. Calll right @ results certainly conâ€" firm what we sensed at the time. As such, we feel confident in projecting that March will see an increase of the same order as the last five months," â€" Langer said. Housing â€"Data Report (HDR), preâ€" pared _ by PMA Group _ (Brethour Research) for the GTHBA, stated that February new home sales consisted of 1,190 freehold homes (72%) and _ Mmkmggmt ADAM . REALTY CORP. CAMPBELL Associate Broker away! patio. A 458 condominiums (28%). In addition to reporting Greater Toronto Area sales, HDR compiled sales by GTHBA member builders active in regions outside the regular tracking area. The 30 sales were distributed as folâ€" lows: Orangeville, 8; Waterdown, 6; Cambridge, 3; Peterborough, 3: Barrie, Innisfil, Kleinberg and Bolton, 2 each. The Greater ABSOLUTELY THE BEST BUY" Glen Abbey 5 B/R Mattamy Oxford, over 3700 sq. ft. with aill the extras and upgrades incl. Den, central air, vac, gorgeous family room FP., huge white kitchen with pool sized fenced lot. this price this may be the last ad! 157 HERALD : J Adam Campbell 842â€"7000 18 Toronto Home B u i«l<de rs ‘ Association _ was established in 1921 and has more than 730 member compaâ€" nies representing B v lE‘ «d er‘s . Developets . Renovators, Service, Fa4â€"na n‘c i â€"a‘l Professionals, Subâ€" ConttLactors; Suppliers and Manufacturers and is the largest affiliate of the Ontario and Canadian _ Home Bâ€"u i l der s‘ Associations. gk