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Oakville Beaver, 23 Feb 1994, p. 52

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=24 Real Estate:The Oakville Beaver, Wednesday, Feb. 23, 1294 * anuary multiple Junits construcâ€" tion pulled total housing starts down 14.9 per cent in January, reported Canada Mortgage and Housing Corporation. Starts @ a seasonally adjusted annual rate (SAAR) of 142,500 units from a revised level of 167,400 units in December. Starts of multiâ€" ple units in urban centres fell 30.6 to 49,700 units (SAAR) in January from a strong 71,600 units SAAR in December. At the same time, sinâ€" gleâ€"detached dwellings fell 4.4 per cent to 69,200 units (SAAR), from 72,400 last December. * "The January results reflect a lack of multiple starts in British Columbia and Ontario. January results in B.C. likeâ€" ly indicate a pause following strong levels in the previâ€" Times Change.: : Values:.Dont.... : * + ASSOCIATE â€" : ous months. In Ontario, the January results are mainly due to a drop in government assisted new conâ€" struction following a few very active months at the end of ©1993," ‘said Gilles Proulx, Chief Economist at CMHC‘s Market Analysis Centre. "January results for singleâ€"detached construction reflect the normal ups and downs of construcâ€" tion and the bitterly cold temperature. But prospects for the â€" next:_ few months remain posâ€" itive due to the low mortgage rates, an improving economâ€" ic environment and a firm resale marâ€" ket," Proulx added. §399,000.. Only two. built in. Glen Abbey. on a .magnificent . Y' : 60x132 f. rivate. ravine. 2,200 sq, ft. of quality strip â€".oak thruâ€"out. . Pegged firs. in fam.: rm. :â€"main fir: den: Crown midgs. Huge â€" formal DR, ‘4â€" baths, spotiess: By appt. thru MAGDA LADANYI : + + 338-9000 °r338-3424. ......................... . BRORER _ ... [ ". css lt oi n on o :: Let 20: years of proven: performance work: : IZIZZI{IIIIIIIZZIfb’;Iy'O'Ug'gZZZIIIZZZIZZIZII ooo MAGDA LADANYL : :c c c t ~~NOowWs38â€"9000 :: :. s Cadll: 338â€"9000 or:Res; 338â€"3424 : : "~~ upgraded 4â€"bdrm. â€"fam.: home. â€"Custom: Pele sunroom off â€" l;_ltci:l")\er(wl_ lg)verlookts ié\grd'. %e%’:ed? Egolé Mcny'cl;uxury' extras. > . y y ue o es s inished basement, 4 new baths. 2 CaIl °: (67. Lakeshare Rd.W., Oakville: [ [( [ [ ; ; [ [ 0 n o 20 101C t : 1c :: : OPPORTUNITY!! POWER:OF SALE : :6%89,900.-7-5“-57 ‘ft. ‘treed Jot:â€"overiooking private estate. : ‘Oad . 4 bdrms., main fam. ‘rm. Walk ‘tq Appleby, Call [ : now.MAGDALADANYI 338â€"9000 or 336â€" ;MAGDA . LADANNYI 338â€"9000 or. 338â€"3424.. ...‘ ..: _ o t t t on es stio oo old 1500 INSIDEâ€" OUT ©$204;,900. East Oakville. ideal:for: youn‘g: executive: commuters: entrarice; dbl. Easy aecess to Hii RIVER OAKS RAVINE. MUST BE:SEENIt : : :: ©$179,900. Super semi,â€"central hallâ€"plan; main fir fam: rm. Oak > raded bungalow with 2â€"car garage: in central > * stairs. Bright decor,/full:ensuite, separateinâ€"law suite with private * jille; All‘new wintlows, recent roof, furnace, new Europédin : Won‘t Ciall : LOTS OF LAND. LOTS:OF TREESN : _ _ _ in Coronation: Park. : Steps : to: lake. Sprawling . :Bright modem décor, 2.5 baiths: Laifge eatâ€"in kit, w/o‘to custom, [ [ bungdlow. Huge LR W/FP.. New bay window in DR.. Bright galley : .cedar deck. Professionglly Iandscaped.. Fenced.cosy.fam..rm., . _ kit. Updafted bath, partially finished basement .with .FP.. Dbi. .drive. .Elegant . entrance . w/hardwood. fir.. Call. now. . â€"MAGDAâ€"LADANYE . entrance. Custom cedar deck. Call MAGDA LADANYI.338â€"9000 . 8â€"9000 or.338â€"3424. . . . . . . . . . . . .. ... .. + Of 838+â€"3424,. . . . .. ... . .. Housing starts down in Ontario last month Urban housing starts in Ontario fell to 34,400 units (SAAR) in January, from 47,600 units in December. The decline reflected lower starts of govâ€" ernmentâ€"assisted multiple _ units. Starts of singleâ€" detached fell slightâ€" 1y _ from â€" the December results. Bâ€"r‘1l t /1‘ s h Columbia urban starts showed the largest drop to 31,200 units ISAAR) from 45,400 units in D e c e m ber. Multiple unit conâ€" struction has been at near record levâ€" els at the end of 1993. Starts of sinâ€" gleâ€"detached edged up. Construction continued to recovâ€" er ~gradually in Quebec with a rate of 27,000 units ISAAR) started in January, up from 23,500 units in December. Both types of dwelling units contributed to the higher levels, bouncing up from depressed levels at the end of 1993. Construction advanced further to an annual rate of 21,000 units in the Prairie region‘s urban centres durâ€" ing January, up from 20,200 units in December. This resulted from highâ€" er starts of multiâ€" ples for Alberta, in spite of an emergâ€" ing surplus of new units. Total Alberta starts rose _ to 19,200 units SAAR. By contrast, lower construction was reported in Manitoba, to 1,200 units, and Saskatchewan, to 600 units. _ Urban _ starts were 5,300 units (SAAR) in the Atlantic region, down from 7,300 units the month before. Prince Edward Island alone _ reported higher starts (to 600 units). Construction fell in all three other provinces: to 2,600 units in Nova Scotia, 1,300 in Newfoundland and 800 in New Brunswick. The SAAR is a monthly figure that is adjusted to remove normal seaâ€" sonal variation and multiplied by 12 to reflect annual levâ€" els.

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