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6The Canadian Statesman. Bowmanvi]le. Februarv 4, 1976 The Canadian Real Estate____ Banloist Featured at Entertaining Concert in BHS Auditorium Association isan organization - Next year will be a slow year in the real estate îndustry, John H. Boyd, presi- dent of the 40,000-member Canadian Real Estate Associ- ation, sai d in a year-end statement, wbich painted a pessimistîc picture for 1976. He predicted under the government's wage and price DA NCE' Sat., February 7th 9:0Op.m. to 1:00a.m. Bowmanville Legion Hall Music By WHITE 'WATER COUNTRY Prizes and Refreshments Coofatton R ESTA URANT MONDAY- THURSDAY 6UN AYm 2pm F6 a.m&.SAU Rpm. 6 a.m. - 1 a.m. 7 a.m. - 11:30 p.M. Serving Delicious Chinese Food Take-Out Orders ASpecialty Free Delivery in Bowmanville on Ail Orders of $6.00 or More LFull Course Meals in a Home-Like Atmnosphere. 9 Kýig St. W. 623-5412 Banjoist Tommy Cinnamon and pianist Wimpy Harris were two of the featured performers at the Bowmanville.High School Disney World Concert' sponsored by the Band Parents Association on Sunday evening. Tommy has gone a long way since the days when he played at the old pavilion down at Bowmanville Beach -- he's now performing at the Skyline Hotel in Toronto. guidelines 1976 will be a year of retrenchment for many people, resulting in less real estate activity, although not to the same degree in al regions of the country, 'Many people who present-, lown bouses are probably not going to trade up to new ones because of retrenchment and a re-examination of their risîng expectations. So they are going to sit tigbt for consistent with apparent fed- ~Y eral policies currently making it more difficult to finance an existin bue I tbînk it isjgoing, to be a year of consolidaion of fin- Madelaine Merkley displayed her talents- on the violin. Accompanied b y her mother on the piano, Miss Merkley played two numbers including Schubert's Serenade. stabilizing effect initially on rents, but if kept in force too long they wilI aggravate the existing shortage and a new kind of problem will appear in the form of deterioration, Boyd'said. If the controls do flot provide sufficient returns to repay 4 capital costs and provide for maintenance the responsible, landiord will, be prevented from maintaining his build- ings the way he would like to '~and give the unscrupulous landiord an excuse to abandon maintenance. altogether, he commented. "If rents gfo down the whole '~apartment life-style changes; the tenants change and there is a tremendous exodus. It' could be an awful mess if controls remain toolong. I am afraid controls are going to trap a large number of people," Boyd said. of the member o 90 real estate boards across Canada and 10 provincial associations and others who have a direct interest and involvement in real estate. It represents approximately 87 per cent of the real estate brokers and salesmen in the country and is the national voice of t he real Slowdown in Real Estate Activity Predicted for 1976 People once believed that goats had their beards comb- As weIl as presenting solo numbers, Rosemary Merkley and Ross Meteaif (in the short skirt) teamed up to perform two songs accompanied by Doug, Dewell on piano -- the audience was delighted. Despite the frosty weather on Sunday night, about 400 people attended the concert. ancial problems. People are going to take the federal government's bint. Tbey will work within the wage and price guidelines and try to slow down inflation witbout disturbing things toç<mucb." The real estate industj must do its part, he asserte, in an attempt to stabilize housing costs and values and assist in makîng the guide- lines work. There, will likely be only 225,000 bousing starts of arh types in 1976, he predicted, partly due to rent controls and partly due to the higb cost of producing new single-family houses. This would faîl short of the federal government's target of 235,000 bousing starts in 1976. A continuing shortage' of affoFdable new housing would result in demand being direct- ed toward existing bousing, Boyd observed. Tbe problemn then would be to keep prices stable wbile too many buyers chase too few available bous- ing units. The federal government's move in November to funnel most mortgage money into new homes wîll make it more difficuit to finance a resale bouse. But, if new housing can be produced at the price ceilings imposed by tbe government under its assisted housing programs, then new housing will be more attract- ive and this will take the pressure off tbe resale home market, tbe president said. Boyd, of Smith Falls, Ont., predicted there could be a slight decline in mortgage interest rates by early sum- mer. Then if the economy is stable, interest rates will likely start climbing again. But lower interest rates are flot going to help a large number of moderate income families, caught with the rest of the population in the web of wage controls, as their in- comes will not rise by much, ,be observed, " certainly don't think tbat the government bousin g assistance programs will belp these famîlies aîl that rruch.'p Turning to the rental mar- ket he said: "Investors in new rentai accommodation were already discouraged by bigh cosfs and low returns before rent controls were introduced. Tbe controls will certainly slow down the already low volume of apartment con- struction." Meet laher Charlie Farquharson February 4 to 8 Automotive Building -Exhibition Place, Toronto Ca naiaàS largest ail-Canadjian Recreational Vehicle Show W eIdays: Noon to 1030 pm Saturclay: 1030 amn to 1030 ýpm - Sunday 100 pm to 700 pm 476Aduit $2 Youth (5 to 17): $1 Monday, Febr uary 9 's DOLLAR DAY *Snalck Pac. ONLY lei -ONE DAY ONLY - r m-A* VIRGINIA FRIED CHICKEN Treat 1'our family Lilke (ConI1iil 1969 TRADEMARK THE MARY BROWN CORP RICHMOND, VIRGINIA 751/2 King St. E. Bowmanville Pet Shop, 623-2921 Model Alrcrafts, Boats andAccessories plus R.C. 34 KIng st. W., Bowmanville LOW I LOWI PRICES I We Do Dog Grooming WHERE THE ACTION US! N EWCASTLE VISUAL ARTS CENTRE "Homne of the Newcastle Ga me" (in the historic Cream of Barley. Mili on Simpson Ave. in Bowmanville) COURSES BEGINNING UN FFBRUARY Building Model Airpianes ...... .......Feb. 3 - Apr. 6 Teacher: Austin Stephens -7:00-9:00 p.m. Tuesdays Fee: $25.00 Children's Art (4-6yrs. old)....... .... Feb. 7 -Apr. 17 I0: 00 a.m. - noon Saturdays Fee: $15.00 Children's Drama 10-3yrs.old) ...Feb. 7- Apr. 17 Teacher: Bonnie Morrison-- 2:00 - 4: 00 p.m. Saturdays 1 Fee: $15.00 Basic Photography (3days) ......... Feb. 13,1l4and 15 Teacher: David Lewis - Fri. 7:00 - 9:00 p.m., Sat. 9:00 -5:00 p.m., Sun.9:OOa.m. -3:00 p.m. Fee: $20.00 Other courses this winter and spring include: Basic pottery, life drawing, advanced pottery, watercolor painting, si lkscreen, soapstone sculpture, children's art (7-10 yrs. old). For registration details please phone Dorrie Bickle at 623-32,37 or'rmail coupon helow. Mail to: VISUAL ARTS CENTRE, BOX 52, BOWMANVILLE Name.............. ..................... ....... Address ........................................ Phone......................................... 1 arn interested in the fl lowing courses ............ Fee enclosed.................................... Please send information on-, Membership:ln' The Newcast le Game: t] 7NEWCASTLERECREATION DEPARTMENT Orono Cou nt'ryJamborâe Orono Youth Centre Town Hall Sunday, February 8 2:00 p. m. HOUSE BAND: Il 1 ýFay Adams and The Country Hits With Fay, Glory and Don Adams, Len SomersCales on Steel Guitar, Joe Howe on Lead Guitar GUEST ARTISIS: Verna McMa hon - Local Country Singer Mel Clingman - Singer from Lindsay Area Melanie Clingman - 12-Year-Old Daughter of Mel Clingman Mary Bunting - Shelburn Fiddle Contestant f rom Orono ADULTS - $1.25 CHILDREN-.50c DOOR PRIZES Next to I.G.A. Bowmanville' ADULTS-$1..25, CHILDREN -.50c DOOR PRIZES