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Oakville Beaver, 24 Aug 1994, p. 33

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""%otal national h o u s i n g 4k s t a I t s dropped 11 per cent in July, losing momentum gained in the previous three months, reported Canada Mortgage _ and H o u s i n g Corporation. Total starts stood at a seasonally adjusted annual rate (SAAR)* of 153,400 units comâ€" pared to the revised June rate of 172,800 units. The number of new multiple unit starts fell almost one quarter to 55,000 units SAAR in July, from a strong level of 70,200 units in June. The decline of multiples was partially offset by single starts rising to 73,400 units SAAR, from 70,600 units in June. "The drop in multiple units can be traced in part to lower starts of conâ€" dominium units in British Columbia and Alberta. Higher mortgage rates also limited construction of sinâ€" gleâ€"detached dwellings, which inched up only in Ontario and the woe s t e ‘ron provinces," said Gilles _ Proulx, CMHC‘s chief economist. July activity in urban centres declined the most in the Atlantic. The number of urban starts dropped by a third to 6,600 units (SAAR) from 9,900 units the month _ before. Construction receded substanâ€" tially in Newfoundland where starts fell to 800 units. Building activity dropped almost 40 per cent to 2,100 units in New Brunswick. Starts also declined to 3,300 units in Nova Scotia and 400 units in Prince Edward Island. . In Ontario, urban starts fell to 40,900 units (SAAR) in July from 44,000 units in June. The rise in singleâ€"detached construction was not sufficient to offset the drop in multiples. Fewer condominium apartments and ~ semiâ€"detached units were built j the province in July. A drop in conâ€" dominium apartâ€" ment construction pulled down British Columbia urban starts to 34,000 units (SAAR) from 37,700 units. Starts of singleâ€"detached edged up only slightly. Overall market activity is still robust. Construction also slipped in Quebec with a rate of 28,800 units (SAAR) started in July, down from 29,800 units the month _ before. "~ 845â€"9180 Sn Bs h. Starts drop 11% in July Both single and multiple dwelling units contributed to the lower levels. An upturn in conâ€" dominiums failed to offset reduced homeowner and rental starts. In the Prairie region, urban starts slid down to a rate of 18,100 units (SAAR) in July, from 19,400 units in June. All of the drop occurred in Alberta, â€" where starts fell to 14,300 units (SAAR) from 15,700 the month before. The condoâ€" minium sector saw the largest drop in that â€"â€" province. Starts _ activity remained at the 2,500 units (SAAR) level in M a n i t o b a . Saskatche w an stood out as the only province to register an increase in activity, to 1,300 units (SAAR) in July compared to 1,200 units in June. * The SAAR is a monthly figure that is adjusted â€"to remove â€" normal seasonal variation and multiplied by 12 to reflect annuâ€" al levels. Miller Real Estate Ltd. REALTOR vo, baths Sales Representative ABSOLUTAY LOVAY 147,500. Mature treed lot in Est g(a)?tville, charming deck Tremendous â€" potential _ for wheelchair accessability. Fully sumable 106,000, 19.35 PP due DON GOODALE 845â€"9180 | on a premium lot in Rivers%aks. and you‘ll have I DON GOODALE 845â€"9180 al $224,000. 4 bdrms., 2.5 laundry, bright eatâ€"in kit. w WIO g largg deck, huge prof. featuring wet bar gas 1.p. large pr?ratq r yard ?pargal deckqgosep. play area. Don GoopaLe s45â€"9180 $178,500. Good size 3â€" â€" bedroom bungalow on a large lot, _ large _2 bedroom apartment . with separate entrance . in ouble detached arage all appliances included. Close to uetrelgan College transit DON GOODALE 845â€"9180 No CONDO FEES! 154,000. Bright spacious apPrommately 1,800 eet) 4 bedroom townhouse in \ broadloom t/o and new roof in 93. Close to the lake, harbour, %rks shop. Great value. n‘t miss it. DON GOODALE 845â€"9180 spacious . eatâ€"in â€" kit o ind arc IN THE ROUGH (approx. 3,000 your diamond! MF family room, MF recreation _ room with ‘wrap around KNOGKS! square. freehold Bronte. New $# Bedp e ho‘ 467 Speers Rd 845â€"9180 Miller Real Estate Ltd. p6et ‘pe isnbny ‘Kepsaupam Yeneeg ‘elimfeo ay1 :elels3 jeey â€" g | BUD FARRIS* Sales Representative PAT (HAT) TAPIA* Sales Representative $519,000. ONE OF A KIND $1,275. LUXURY CONDO East Oakville. Completely remodeled, extended. Unique 2 bedrooms, 2 full baths, 1,320 l 4 y sq.ft. 6 appliances, pool, open concept. Near him publlg and private schools. sauna. Septemt ioh PAT (HAT) TAPIA* $234,900. ENJOY THE UPGRADES Five levels for lots of living, den, new Lâ€"shaped rec. ‘oom, family rom with fireplace and w/o to patio garden BUD FARRIS* $229,900. RAVINE TREES Beautifully decorated throughout. 3 large bedrooms, 3 baths (ensuite) MF family laundry. Nature walk in back. PAT (fln TAPIA* $179,900. SOLID BUILT BUNGALOW Ravine setting trees creek. Lovely basement possible inâ€"law suite. Renovated kitchen all in pine. PAT (HAT) TAPIA* $155,000. START IN BRONTE A great place to start. 3 bedrooms. Upgraded kitchen, Fenced back yard. Near lake, shopping, schools, and transit. BUD FARRIS* JOAN McCOY* Sales Representative KELLY NATYSHAK® PETER NATYSHF Sales Representative Sales Representative $148,900. TRY TO BEAT THIS! 3 bedroom bungalow very mature lot with many trees close to 4 schools, QEW, Oakville Place. Don‘t miss! JOAN McCOY* $299,900 ICE THE CHAMPAGNE! Sparkling family home with fireplace. Main floor family roort':g and d|gn Loaded wflhmspecmjlar features. KELLY AND PETER NATYSHAK* $339,900. COUNTRY FEELING _ Enjoy greenbelt backing onto this lovely backyard, gorâ€" $ GLEN ABBEY RAVINE LOTS geous 4 bedroom plus main floor family room den. JOAN McCOY* Custom built homes from $384,900. Superior finishing and location. Build your dream home today!!! KELLY AND PETER NATYSHAK* t ty t oi on S im s

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