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The Canadian Statesman, Bowmanvillc, Wednesday, May 27,1992 13 ome Real Estate Deadlines and Policies Deadline for Wednesday Publication is Monday at 12:00 Noon. Any compensation for errors or omissions by The Canadian Statesman will be limited to the value of the space occupied by the error in the advertisement. Please phone 623-3303 and ask for the Real Estate Sales Department^ y Mortgage Credit Up 8% in 1991 Versus 14.8% in Previous Year Residential mortgage credit grew 1.7 per cent in nominal terms during the fourth quarter of 1991, down from the 2.1 per cent growth experienced in the third quarter, according to a report released this month by Canada Mortgage Mortgage and Housing Corporation (CMHC). The April issue of CMHC's Mortgage Mortgage Market Trends reports that for 1991, mortgage credit rose by 8.0 per cent in comparison with 14.8 per cent in 1990 and over 18 per cent per year during the 1987-88 period. The slower growth in mortgage credit occurred despite a decline of more than 2.5 percentage points in mortgage rates during last year and a 25.7 per cent surge in the sale of existing existing houses. "But a soft market for new housing dampened the impact on mortgage credit growth," explained EccriggBaBBcaaaqgsasiwaÉtawaMÉpaPBmBBe Gilles Proulx, CMHC's Chict Economist. Economist. Preliminary data for the first quarter quarter of 1992 indicates mortgage approvals approvals picked up sharply at the beginning beginning of March in response to the announcement of new measures to assist assist homebuyers. "Mortgage credit growth .is expected to increase gradually gradually over the next few quarters because because of a slow economic recovery," said Proulx. The report also features an analysis of how the last recession and subsequent subsequent recovery period compare to previous previous business cycles and how housing housing and mortgage markets fared during the recession and the early phases of the recovery. - Four quarters after the trough of a recessionary period, the economy has traditionally expanded by between 4.5 and 6.5 per cent. During the current recovery, the advance will likely be less than two per cent. - While the housing recession of 1990-91 was severe by historical standards, standards, the recovery is underway. Although Although it exceeds the pace of the previous previous recoveries, starts remain below pre-recession levels. - As a result of this strong housing recovery and the fact that other sec tors still have to recover, housing investment investment has contributed to 67 per cent of the increase in GDP during the first three quarters since the trough in the first quarter of 1991. - Due to the modest pace of the current economic recovery and a housing recovery which is still not complete, there is room for further advances advances in housing and mortgage markets. markets. m JwTiatl iil ; : |i Ü lit 1 1 . ;!i> James Bush* Ellen Bush* TO BE BUILT ON 3/4 ACRE LOT Living room with bay window, sliding glass door from dining room to patio. Master bedroom has walk-in closet and ensuite. Close to all amenities. 16 ACRE HOBBY FARM 1 1/2 storey century home, upgraded wiring, new vinyl siding, nicely landscaped, man made pond stocked with goldfish, 5 acres cleared, 3 acres in fruit trees. Just 15 minutes east of Bowmanville. 2300 SQ. FT. BUNGALOW 4 bedrooms, family room off kitchen, large greenhouse eat-in kitchen, extra large foyer. foyer. Lot size 150' x 165'. X' , * . ' '-Iff** Don't Beat Around the BUSH! Call James or Ellen Bush* 623-6000 or 623-8512 Donna Butler* JUST LISTED Detached bungalow, within walking distance to schools and downtown shopping. Upgraded wiring, insulation, new broadloom in bedrooms, new hardwood floors, new high efficiency gas furnace, completely fenced yard. For more Information call Donna Butler* at 623-6000. OPEN HOUSE SUNDAY, MAY 31st 2 - 4 p.m. JoAnn Jukes* Penfound Dr. Bowmanville A REAL BEAUTY-$139,900. - Spotless, 3 bedrooms, large bright kitchen, 2 baths, walkout to deck and ravine lot. Professional finished rec room. A must to see. Call today. Watch for signs. Call today JoAnn Jukes* at 623-6000. SOLD top producers cornerstone realty ltd., realtor 104 king st. e. bowmanville 623-6000 428-1206 (Toronto Line) ** Associate Brokers * Sales Representatives 432-7200 Courtice expenen gets results! Carol Hallman* Double Your Service!! Call Carol Hallman* or Dianne Warren* 623-6000 24 Hr. Pager, Toronto Line 428-1206 Dianne Warren $44,900. REDUCED! REDUCED! $129,900. OPEN HOUSE SUNDAY-2-4 p.m. Directions: Hwy. 2 to Ruddell Rd., South to Sunset Blvd. Watch for Remax signs. Brick bungalow - 3 bedrooms, main floor family room with 4 skylights. Lot 60' x 200'. SPACIOUS 3 BEDROOM MOBILE 12' x 68' + addition. 3 bedrooms, end unit, lots of parking, eat-in kitchen. Buying or Selling, we'd appreciate an opportunity to earn your business. Call now and start packing. Alf Annis THINKING OF SELLING? GREAT VALUE- SI 22,900. This 3 bedroom semi with new windows, shingles and flooring, across from school in north end. POWER OF SALE $159,900. 1700 sq. ft. Only 2 years old. Fireplace, central air, a must sell - Newcastle. 14.56 ACRES OF PRIME LAND! Large 3000 sq. ft. home with extra large 2 storey barn, in-law apt. and lots more! Extremely motivated vendor - wants it sold! 1650 SQ.FT. 3 bedrooms, 3 baths, family room, 2 car garage, 3 years old. Only $144,900. Newcastle Vlnnle Gupta* 623-6000 24 Hr. Pager or 987-1709 (Res.) 3 BEDROOM BACKSPLIT Tastefully decorated throughout, custom custom drapes, French doors and inground pool. Newtonville! $164,900. David Passant** ' QUIET STREET Across from park featuring a 20' x 24' vinyl garage with hydro, 3 bedroom 2 storey with fenced yard, main floor laundry, separate dining room, a home with character. Call David Passant** 623- $29,900. - Seasonal cottage at the harbor. Enjoy your summer here. $85,000. - Large Newcastle model in retirement village. $87,900. - Lake Ontario access,' 900 sq. ft. on owned land. $104,900.-Centrally located, solid brick bungalow. $129,000. - 2 year old twin home with garage, tastefully decorated. $134,000. -3 bedroom brick bungalow, large garage, rec room and 4th bedroom down. $138,500. - 2 storey link home, full finished rec room, 150' deep lot. 6000 24 hr. pager Paul DeJager* SUMMER RETREAT SOLID BRICK BUNGALOW C/W ASKING ONLY $74,900. BRIGHT IN-LAW APT. Only 30 min. N. of Oshawa. 3 bedrooms, eat-in kitchen, Private treed lot, fully furnished, Florida room, full basement, large great location. Try an offer. home' with extra income, close to all amenities. A steal at $159,000. IDEAL INVESTMENT BOTH WITH GOOD FUTURE POTENTIAL Doug Humphrey*' SACRIFICE SALE $126,900! George Feddema* OLDER 3 BEDROOM HOME NEW FOUR BEDROOM North, nice fenced in side yard in Four bedroom, 2 storey home on good area of Bowmanville. Priced quiet street in Newcastle. Priced at right at $124,900. $189,000. For more Information call George Feddema* at 263-4451, Remax Cornerstone 623-6000, Toronto Line 428-1206. ✓ 22 acres ✓ town water ✓ 10 acres . .v,„, ✓ 2 road frontages ✓ over 1300 ft. road frontage ✓ custom built sidesplit ✓ large custom passive solar home ✓ minutes from Town 10 mins. ✓ located next to hamlet. to Oshawa. TRY AN OFFER Call Paul DeJager* 623-6000 or 623-2712. 3 bedroom bungalow in Bowmanville with skylights in kitchen and bathroom. 2 years old - gas heat, garage, central vac, fenced yard, oak cupboards and more! Only $126,900. EXPERIENCE IS ONLY THE BEGINNING... Call Doug Humphrey** 623-6000 or 428-1206 Remax Hall of Fame iir >• .;i s h u : tT" r ' ' • • y ' • ' : ... .■■■ 6E-.. v ■ y • V .... '.. - •• - it ïS<i*.v* .V-.' • X-'v. ■ V : it " S' I | . I) NOW $52,900! 2 bedroom home in Wilmot Creek. Retirement at its finest! Golf course, tennis court, pool, spa, and much more. Take the time to come and see for yourself! Call Linda McLennan* 623-6000 N. E. OSHAWA m 4 level, 3 bedroom home, tastefully ! u decorated with country charm. Den or j : j main floor, forced air gas furnace. Fully :• fenced yard. $150,900. Kay Brown* EXCELLENT VALUE, JANETVILLE - $149,000. 1 Acre, country subdivision lot, raised bungalow, finished basement. Oversized double garage, inground swimming pool. Call Kay Brown* 623-6000 or 623-3150 Edna Hamel MAKE A BIG SPLASH! Lovely raised bungalow featuring three plus one bedrooms, huge country kitchen, one acre partly wooded lot and sparkling inground pool. Hampton $229,900. Call Edna Hamel* 623-6000 or 983-5426. WANT A HORSE AROUND? 49 ACRES - 11 stalls, fenced pastures, renovated renovated farm home. $249,900. 39 ACRES - executive home, fantastic view, inground pool, $485,000. 16 ACRES - mostly level, small orchard, house needs some repair. $174,900. A CAREFUL BUYER'S DREAM OLD FASHIONED CHARM AND VALUE Sally Staples** Associate Broker 623-6000 Lots of living space - family room and two baths, beautifully maintained and ready for immediate occupancy. $131,900. You'll fall in love with this picture perfect century home in one of Bowmanville's most choice locations, $179,900. Tony Klompmaker* 3,000 SQ. FT. And loaded with extras. Intercom, con Irai air, 3 car garage and more. Situated on an estate lot ravine overlooking overlooking Bowmanville Creek. Asking $339,900. Please call BOWMANVILLE Beautiful 3 bedroom backsplit, 2 baths, family room and walkout to deck. Priced to sell at $149,900. iSS $47,500.' Spacious mobile home overlooking picturesque trees and stream. Gas fireplace in living room. $99,900. Owner has transferred. Upgraded broadloom throughout, throughout, dishwasher, recreation room. Shows beautifully. Rod Doris** Associate Broker ■ ■ Tony Klompmaker* 623-6000 or 263-4448 (res.) Pat Hurley*, B.A., 623-6000 or 623-3899 (Complimentary Market Evaluation) ?<v V,Ok « W J. tc.* s: . WJtv*AMasSeutmim 4 AFFLUENT LIFESTYLE IN HERITAGE ESTATES - $394,900. 5,500 sq, ft. of elegance on 1.28 acre complete with vaulted ceilings, 2 fireplaces, 4 bedrooms, 3 car garage, self-contained 2 bedroom nanny/inlaw nanny/inlaw suite. This quality built home has too many features to list; so call today for your private tour. Call Rod Doris* * 623-6000 or 987-1832 (res.) .Il (»• **Ii. liLü'.Vi ■-- LU2£i!. w. ai.IL, , ;