Oakville Images

Oakville Beaver, 31 Aug 1994, p. 55

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The buying frenzy that dominated early spring real estate markets across Ontario and Atlantic Canada has cooled as demand returned to more traditional levels this summer. More homes in the midâ€" to lower price ranges are coming on the market, relieving a short supply that triggered price increases in many larger urban centres. While activity in the Greater Toronto Area is down somewhat, many Re/Max offices report continued strong sales, despite higher interest rates and political uncertainty over Quebec. The Windsor market remains active due to increased economic activity sparked by the opening of Ontario‘s first casino. Other cities in the province report steady sales this summer as a result of the improving economy and a more positive conâ€" sumer outlook. Real estate sales in Return to stable activity ING FEATURE "Turn of the Century". Updated upgraded. Charming detached 4â€"bdrm. finâ€" ished bsmnt., main floor laundry, 10‘ ceilings in liv. m., sep. formal din. mm. main floor fam. rm. Original trim. Enclosed porch across front. Close to harbour. CAROLYN LOFQUIST 842â€"7000. Elegant executive home in Glen Abbey. Too many extras to list! Shows like model home. Double storey living room. Main floor family room and den. W/O from kitchen to deck and private garden. Ravine lot, Quiet street. A must see! CAROLYN LOFQUIST 842â€"7000. Atlantic Canada have slowed someâ€" what, but are expected to pick up again this fall. Commenting on the change in marâ€" ket conditions, Re/Max Ontarioâ€" Atlantic Canada chairman Frank Polzler said, "A return to more stable markets is welcome. Rapid price increases hurt most consumers, espeâ€" cially your families interested in buyâ€" ing their first home. With the recovery fully underway, the real estate market will become more active as the fall approaches." Re/Max Brokerâ€"Owners report more moveâ€"up buyers entering the market today, while first time buyers are slightly less active than they were during March and April. Moderate price increases are reported for the most active markets (Toronto) but genâ€" erally, prices have remained steady and are not expected to rise before the end of the year. Executive freehol bdrms., 2.1/2 ba appliances, main f basement. Approx lot. A Must see!! C 842â€"7000. Beautifully _ decorated _ 2â€"bdrm. condo. Ceramics in kitchen, foyer 2 full baths. W/O to deck. Outdoor pool overlooking lake, neutral decor. Call to view. CAROLYN Approx. 3500 s.f. Ravine lot. Great locaâ€" tion. 4 bdrms, main floor family m and den, open staircase to bsmnt, sitting room off master, white kit., neutral decor, spacious rooms, ceramics, c/vac more! CAROLYN LOFQUIST 842â€"7000. cutive freehold townhouse. 2 ms., 2 1/2 baths, fireplaces, 5 liances, main floor laundry, W/O ement. Approx. 2,200 sq. ft. large A Must see!! CAROLYN LOFQUIST Record breaking spring gives way to cooler summer markets (Continued from page 16) Ontario home starts rose 16 per cent to 48,700 units SAAR (42,000), from a weak first quarter. The province posted widespread gains in both urban cenâ€" tres and other areas, for singleâ€"detached as well as multiple units. This is against a background of strong sales of existing homes in most large urban centres with a rebound in employment and consumer confiâ€" dence. Quebec starts continued to improve as starts rose 24.4 per cent to 44,400 units SAAR (35,700). Most of the advance took place in large centres, in line with strong existing home sales in the larger centres of Montreal, Quebec City and Troisâ€"Rivieres. The province has also shown some of the best employâ€" ment recoveries earlier this year but confidence is inching down. British Columbia starts fell 12.9 per cent to 37,200 units SAAR (42,700) mostly as a result of unusually low levels of condominium starts. Activity bounced back at the end of the quarter and should continue to benefit from stable and high confidence and good employment gains, although the resale RE/MAK HALtL OF FAME KORRIEâ€"SUE MARSHALL market appears to have reached a plateau. In the Prairie region, starts inched down 2.1 per cent to a rate of 23,600 units SAAR (24,100), as weaker Alberta construction cancelled some gains in Saskatchewan and Manitoba, in line with resale activity. Regional consumer confidence is also edgâ€" ing down. Starts fell 9.1 per cent to 19,000 units in Alberta, while they rose nearly 20 per cent to 2,500 units in Manitoba and nearly doubled to 2,100 units in Saskatchewan. Home construction in the Atlantic recovered from the level of the first quarter, with a 73 per cent increase to 12,800 units SAAR (7,400). All four provinces shared in the rebound. On a SAAR basis, results are as follows: New Brunswick and Newfoundland starts more than doubled from the first quarter rate to 4,800 and 2,600 units SAAR respectively. Activity advanced nearly twoâ€"thirds to 1,000 units in Prince Edward Island, and rose 10 per cent to 4,400 units in Nova Scotia. * The SAAR is a quarterly figure that is adjusted to remove seasonal variation and multiplied by four to reflect annual levels. Sales Rep. Neutral decor 4 bdrm 2.5 baths, fil prox. 2400 sq.ft. Iig eatâ€"in kit /walk out ’ro biâ€"evel deck, pn- vaite treed back yard, central air excellent value! FINISHED FROM TOP TO BOTTOM Approx. 2,500 sq.ft., 4 bdrm/2.5 baths, greenhouse kit, w/walkâ€" out to private garden w/fish pond, cent. air/vac/security, professionally _ finished _ bsmt w/oak bar â€" A must to see! FAMILY ON QUIET STREET 3300 sq.ft. 4 badrm, 3.5 baths, large open concept european kitchen w/strip hardwood, fin. rec. room. w/wet bar + 3 pc. bath, 2 fps. biâ€"level deck, prof. landscaped yard close to new school GO transit Elite Fairway Hills, 3,013 sq.ft., 4 badrm, 2.5 baths, open concept kit/fam mm. w/strip hdwd, prof. finished inâ€"law suite complete w/bedrm/bath/kit/dr/ir 2nd fp, immaculate moveâ€"in condition â€" must be seen RIPARIAN RIGHTS ON 16 MILE CREEK Walk to downtown lake! Custom built on 1 acre treed ravine lot â€" approx 4,500 sq.ft. + wailkout bsmft, bdrms/4.5 baths, strip hawd in Ir/dr liprary, fab. white kitchen, 4 fireplaces, tripie garage + more! 3850 sqi.ft. Mattamy Yorkshire, 5 bdrm/2.5 baths, den, Ig eatâ€"in oak kit., w/ceramic, f1 w/walk out to deck w/gazebo, strip hdwd. Walk to public high schools, recreation centre.shops. Close to "GO" Q.EW 67 Lakeshore Rd. W Oakville nhouse kit. w/\ ate garden m t. air/vac/sec ly â€" finished _ | A must to see! w/walkâ€" i w/fish ecurity,

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