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Real estate activity high for starter homes "The discrepancy could result from an increase in sales of midâ€"andâ€"higherâ€" range properties," said Real Estate Board President Richard Weima. "We‘ve noted previously that firstâ€"time buyers have been a large part of real estate activity this year, and at some point they cause a Surprises were almost nonâ€"existent in the local real estate market last month with figures from the Oakville, Milton and District Real Estate Board showing a slight increase in the dollar volume of sales recorded last month and last year. Board sales for the month totalled $41.8â€"million or five per cent more than September‘s total, nearly six per cent more than October of 1992. The number of sales fell slightly, however, to 227 in October from 238 in September and 229 in October of 1992. "As more firstâ€"time buyers move into the market, they put pressure on existing homeowners to move," he says. "This in turn causes a demand for properties in higher price ranges. The numbers are certainly not dramatic â€" but they do seem to indicate that the market is becinning to alter somewhat." Weima said that interest still appears to be fairly steady in starter home properties and attributed that activity to various government initiatives such as the CMHC‘s five per cent down payment program and the government‘s willingness to allow homebuyers to use RRSPs for their downpayments. "ripple up" effect in the housing market. The unsurprising â€" real estate performance so far this year makes it a fairly comfortable time to either buy or sell a property, Weima adds. Purchasers can select a home at leisure, without worrying about excessive competition for properties, yet vendors are generally seeing a steady stream of showings of their property because the amount of interest is still appropriate to the supply of properties available for sale. "Always Home, a mortgage insurance program initiated by the Ontario Real Estate Association (OREA) is also starting to catch on, with increasing numbers of consumers showing an interest in signing up. "The year has been spectacularly unremarkable to date," Weima notes. "The summer was slow and steady and we expect things to continue pretty much as they have been for the rest of the year. 0 0.0 090 2 0.0. 0 0 0 0.0, 00 0,.0 sutton grou people properhes |nc Eons 844â€"5000 OUTSTANDING CONDOMINIUM 2511 LAKESHORE ROAD WEST (Buzz 260) $199,000 With panoramic view of the lake and the Bronte Harbour Meticulously decorated spacious two bedroom suite The only one of its kind currently for sale in the Harbour Club Must see now before you miss the opportunity!!!! For detail/appointments call Cidel Rivera/Mel White Coldwell Banker â€" Canada Trust Realty Inc. 847â€"3030 or 338â€"5746 or 829â€"1433 Hot Tub enjoyment anytime at all! Plus rich parquet floors, marble gas fireplace, mai floor den, family sized white kitchen, Hiâ€"efficiency hot water heater, Hiâ€" efficiency gas furnace, plus plus, plus. Call THE NISBETS, Sales Reps , (905) 329â€"5987 SUMMER! WINTER! SPRING! FALL! Expect the best"