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Heading a familyâ€"owned business with more than 36 years of experience is an indicaâ€" tion of the integrity and commitment the Valerys have when it comes to building fine communities. more than 36 years of experience is an indicaâ€". tion of the integrity and commitment the Valerys have when it comes to building fine communities. "‘To help the first time buyer even more, we are offering them a choice of a fireplace or An excellent time to buy Call the Home Buying Hotline at 336â€" 2964 or contact Donald Plouffe Real Estate Ltd. at (905) 632â€"5940. The sales presentation centre is open Mon. to Thurs. 2 to 6 p.m., Sat. and Sun. 1 to 5 p.m. and Fridays by appointâ€" ment. Many builders who cater to the first time home buyer assume that these families simply want to "own" something. Ted Valery, presiâ€" dent of Valery Construction, says that today‘s buyers want much more. "You can‘t entice them with a low price any more," says Valery. .__ "Buyers today are much more sophisticatâ€" ed and demanding. They want good design and good quality. More importantly, they want to buy from a reputable builder, one who will be around for the long haul." Meadow Woods is a community that has been long awaited. Although the lands have been scheduled for development for years, it took an experienced builder like Valery Construction to recognize the superb location and go about designing a product for the "stillâ€" active" first time buyer. Burlington has always been a market with a wide variety of new housing options. Because of it, the city‘s real estate market has always been somewhat brisker than our neighâ€" bors, even during tough times. With the introduction of Meadow Woods, they can set their fears aside. Valery Construction, well known in Hamilton and Burlington, has introduced 72 new condoâ€" minium townhomes that will attract firstâ€"time buyers in droves. And rightly so with prices from $129,900 and down payments as low as $6,495. ADVERTISING FEATURE Â¥ntil last week, many new home . experts were commenting on the Useeming lack of good quality, affordâ€" able housing in Burlington, particularly in the newer, recently developed areas. Job loss â€" the threat of job loss is much reduced from the 1990â€"92 period. There were 143,000 new net jobs created in 1993, and an expected 200,000 this year and next. Most of those with jobs are likely to keep them â€" and those who lose their jobs have a much better prospect of finding new ones. Interest rates â€" interest rates are very likely to return to the same levels as earlier this year. Current rates are still well below historical standards. The average fiveâ€" year mortgage rate over the Demand will increase over the next few years and markets will be more buoyâ€" ant â€" and there is a strong likelihood that prices will rise as a result of building and land cost pressures. Over the longâ€"term it seems likely that housing prices will at least keep pace with inflation in most parts of Canada â€" and capital gains on principal residences are taxâ€"free. According to the study, some of the major concerns facing homebuyers today deserve reconsideration: ccording to a recent analysis prepared i SAby Clayton Research for the Canadian Home Builders‘ Association, the economy is growing and housing prices are at the bottom of their cycle. A more buoyant housing market in the United States has raised the demand for At present, mortgage payments on an average home (assuming a fiveâ€"year mortgage) would account for roughly 28 per cent of average family income. While slightly above the levels of ‘92â€" ‘93, this is still well below the late ‘80s. It is similar to the rate which preâ€" vailed in ‘83â€" ‘87 as the housing market recovered from the recession of the early ‘80s. House prices â€" House prices declined in many markets in Canada in the early ‘90s. Most of these declines occurred before 1992. There is little likeliâ€" hood of significant further declines in housing prices. Rising costs for building materials and land suggests that prices are likely to increase rather than decrease over the next few years. 1980â€" 1990 period was over 13.5 per cent. Monthly payâ€" ments on a $100,000 mortâ€" gage at the current 9.9 per cent are $888; this is $255 (22 per cent) less than the $1,143 monthly payment which would be required at the average 1980â€" 1990 rate. A common measure of affordability is the relationâ€" ship between the mortgage payment on an averageâ€" priced home (assuming a 10 per cent downpayment) and average family income. Meadow Woods is located in one of the city‘s finest new home areas. At the corner of Cleaver and Upper Middle roads just west of Walker‘s Line, Meadow Woods is seconds from the QEW and the new Hwy. 403 Interchange. Schools and shopping abound, along with some of the best recreational facilites in Burlington. Valery is famous for making home ownerâ€" ship a little easier. With a low down payment of $6,495, a new home at Meadow Woods can carry from as low as $945 per month, princiâ€" pal and interest. That alone has had many renters making plans to purchase now, for occupancy next spring. Inside, the same demanding standards have been maintained. A definite California flavor is evident throughout. The designs are open in concept and geared to active, family living. If you purchase now, you can choose from a gas fireplace or a set of quality appliances. Quality built into every square foot Each block coâ€"ordinates in terms of color and texture to create a striking collection of streetscapes. Soft muted tones of brick are consistent throughout with the only color change being the roof. This gives a uniform appearance to the community that will impress future reâ€"sales. Valery believes in securing your investment. To further enhance the exterior facades, extensive clay brick has been used. Special attention has been given to the end units with additional detailing and large, bayed windows. a set of applicances for Valery. To obtain a copy of the report, please call Amanda Kirkland at (416) 391â€"3445. The economy is growing and housing prices are genâ€" erally at the bottom of their cycle. Demographic projecâ€" tions indicate that housing demand will increase over the. nexts few years: Forecasts by Clayton Research indicate an increase in the demand for ownership housing in ©‘95 compared to ‘94. According to Clayton, earlier in ‘94 appears to have been the best time in years to purchase a home. Still, "the conditions are selâ€" dom as favorable as they are » now. Government policies also threaten to add upward pressure on land prices. Policies proposed by the NDP under Bill 163, which will require redevelopment and intensification before existing communities can be expanded, will only serve to reduce the potential supply of building lots. Excessive regulations causing unnecâ€" essary delay, add to develâ€" opment cost, resulting in higher prices to the homeâ€" buyer. In most parts of Canada, the stage is set for a recovâ€" ery in housing. building products, particuâ€" larly lumber, drywall and plumbing fittings â€" with a consequent increase in prices. a limited time. AAQ on the Mountain Realty Office: 575â€"2840 Site: 689â€"2402 Mon. â€" Thurs. 4 pm â€" 7 pm Regal Sat. â€" Sun. 1 pm â€" 5 pm or by appointment Dan Dimillo We Barbara Oakes Spectacular _ Single _ Family Homes backing onto wooded ravine @ 0 0@ @0 0 0 0 0 0 2 0 0 @0 0@ 0@ 0@ 0 0 0 0 0@ O 0@ @ O @ @ @A A @ 6 4 Court Location 169,900 (some 300° deep) presents Regal Heights of _ Waterdown