12 The Canadian Statesman, Bowmanvillc, Wednesday, June 16,1993 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 j Rental Vacancies Remain High in Many Centres A growing number of metropolitan metropolitan centres have high rental vacancy rates according to the results of Cana- 85 King Street W. j Newcastle 987-4733 da Mortgage and Housing Cçrpora- tion's April 1993 vacancy survey. In April, 16 markets had a vacancy rate of five per cent or more, up from 11 markets in October 1992. Overall, 21 of 26 rental markets surveyed in NATIONAL REAL ESTATE SERVICE NRS ED.VAN REALTY 214 King Street E. Bowmanville r 623-4445 WOW! $136,900. 3 .bedroom + in-law apartment, walkout from living, master has 4 pc. ensuite. Includes window covers, stove and fridge downstairs. 4 year old home on quiet Call Glenda* or Murray* 987-4733. COUNTRY LIVING Backsplit with 100 x 150' lot, backs onto farm land. New oak cabinets, roof and furnace, walkout from eating area. Very private deck. Super clean, $146,000. Call Glenda* or Murray* 987-4733. PREPARING FOR YOUR OPEN HOUSE... 10 TIPS TO REMEMBER 1. TIDY YOUR HOME Laundry and dirty dishes arc a definite no-no. 2. USE AIR FRESHENERS You enjoy fresh-smelling air and so docs a prospective buyer. 3. UNCLUTTER YOUR CUPBOARDS AND CLOSETS Spacious cupboards appear to be larger cupboards! 4. SHOVEL YOUR WALKS IN WINTER; MANICURE YOUR LAWN IN SUMMER Curb-appeal is as important as house-appeal. 5. MAKE MINOR REPAIRS Leaky faucets, tom wallpaper or broken windows can make or break your sale. 6. TURN ALL LIGHTS ON. 7. PUT VALUABLES AWAY. 8. VACATE YOUR HOUSE. 9. IF YOU HAVE A FAMILY PET-TAKE HIM WITH YOU. 10. REMEMBER - FIRST IMPRESSIONS ARE LASTING IMPRESSIONS. Complete contest rule* avetibie el ii pertopetng ort<es Call Today For Details April had a vacancy rate of three per cent or higher. ' "A a general rule, a vacancy rate reaching three per cent provides renters renters with a reasonable choice. When rates exceed five per cent for a prolonged prolonged period, choice gets better, but new rental construction is discouraged," discouraged," explained Greg Goy, Manager Manager of Local Market Analysis for CMHC. Overall, more renters arc moving out and buying homes, Mr. Goy said. "Low interest rates and two popular federal housing programs, the five per cent downpayment and RRSP withdrawal plans, have allowed many renters to become homeowners in the last six months, thereby freeing up rental units." In addition to these two national factors, regional and local market factors have also caused vacancy vacancy rates to change. In Ontario, a weak economic recovery, recovery, more affordable house prices and recent completions of both government government assisted and private rental housing have combined to increase vacancies in 7 of 10 markets, Mr. Goy indicated, "the sjtuation in 1993 is a significant improvement from the tight rental market conditions which characterized much of Ontario during the late 1980s." Oshawa recorded recorded the highest vacancy rate in Ontario at 5.8 per cent, Ottawa had the lowest in the country at 1.8 per cent while the vacancy rate in Sudbury Sudbury increased the most, more than doubling doubling from 2.5 per cent in October 1992 to 5.1 per cent in April 1993. Vacancy rales which were already high in Atlantic Canada grew even further - the key metropolitan areas of St. John's, Saint John and Halifax all hit vacancy rates over seven per cent in April. In these centres, vacancy vacancy rates rose due to a combination of weak economic growth, federal ho- meownership programs and, particularly particularly relevant in Halifax, a large number number of new rental units entering the market. Vacancy rates increased in all metropolitan areas in the Prairie re- ( gion except Winnipeg, where a slight moderation occurred from 6.1 to 5.7 per cent. Saskatoon experienced the largest increase in the region, from 4.4 to 6.7 per cent, reflecting strong resale activity attributed to first lime buyers and a seasonal increase in renter mobility. Regina was the only centre in the region to have a vacancy rate less than five per cent, as the rate dropped from 5.1 to 4.6 per cent over the last year. In both Calgary and Edmonton, Edmonton, vacancy rates increased 1.5 percentage points, with the rate in Calgary hitting 7.0 per cent, the highest highest in the Prairies. In these two Alberta centres, the; higher rales are primarily due to renters renters buying homes during the past year, freeing up rental units. In the Vancouver and Victoria: markets, vacancy rates in April were! 2.0 and 2.1 per cent respectively, up from 1,6 and 1.5 per cent in Octobers TIME FOR A CHANGE OF LIFESTYLE 2 bedroom in pristine condition in Wilmot Creek Retirement Community. $79,900. Marg Bain. HOME OF DISTINCTION 4 bedrooms, beautiful bay windows, French doors, stained glass, gumwood trim. $249,000. Marg Bain. R. U. READY to buy a neat 3-bedroom semi close to schools, shopping and downtown? Interlocking brick patio for only $109,500. Brad Hockln. Celebrating Our 20th Anniversary 123 KING STREET EAST BOWMANVILLE, ONTARIO 416-623-4115 SOLID OAK TRIM AND FLOORS Gracious living throughout this 3 bedroom bedroom home. Separate dining room. Walkout from rec room. See it 1 today. Asking $179,900. Mary Lou Mintz. 150 ACRE FARM on paved road. Brick house and barns in excellent condition. $435,000. Bob Stevens, I POWER OF SALE 2 storey, 3 bedroom home near schools and shopping in Courtice. Partially completed in-law apartment in basement. $125,900. Rob Perkin. SPACIOUS-GRACIOUS 3 years new, 3 plus 1 bedrooms, 2 baths, $16,000. in upgrades, central air, private yard. $169,900. Mary Lou Mintz. THE PRICE IS RIGHT $149,900. Bowmanville, 3 + 1 bedroom sidesplit located close to schools and shopping is priced to move quickly. Central air, jet tub, gas fireplace and more. Call now. Brad Hockln HOUSE - BARN - 2.58 ACRES Fenced property with 3 bedrooms, 1 1/2 storey home. Spectacular view of lake and countryside. Reduced to $167,500. Marg Bain. TASTEFULLY DECORATED Four bedroom family home on 50' lot in well-established area. Kingston Stone front gives prestigious appearance. Interlocking brick sidewalk, ceramic entrance, new broadloom in 1991, full mirrored walls, three patio doors, 2,250 sq. ft., backyard fenced and private. Call now to see this lovely home. $179,000. Bob Stevens Hockin Real Estate Limited 123 King Street East, Bowmanville Temporary Slump In Mortgage Credit Growth During '93 Mortgage credit growth slowed sharply to 1.6 per cent during the first quarter of 1993, according to Mortgage Mortgage Market Trends, a report released by Canada Mortgage and Housing Corporation. This is the slowest growth since the level of 1.7 per cent was posted in the fourth quarter of 1990. Tire total value of outstanding residential mortgages reached $291 billion. First quarter results reflect, "low activity in housing markets due to the exceptionally harsh winter especially in Atlantic and Central Canada," said Marc Pcllcrin, CMIlC's Capital Markets Markets Economist. Pcllcrin added, "mortgage lending activity should pick up witli the return of Spring and a better economy in coming months." In another article, issues of NIIA Mortgage-Backed Securities remained remained high during the first quarter of 1993 totalling 118 new pools for a value of $1,912 million in comparison comparison with 128 new pools totalling $2,057 million in the fourth quarter of 1992. Lenders continue to rely on the NIIA Mortgage-Backed Securities Securities Program to raise funds for mortgage mortgage lending purposes as these instruments instruments remain u relatively inexpensive source of funds. This issue of Morlgage Market Trends also reports on a CMHC funded research study on morlgage holdings by young Canadian households households during the mid-eighties, According According lo the sillily, households in this group tended to contract larger morlgage loans than necessary lit acquire acquire their principal residence. The amount contracted for nonhousing purposes mainly served to acquire or keep personal business assets, secondary secondary homes, or rental units for Invest- mem purposes. Morlgage debt devoted devoted to these iionlimising purposes represented nearly 40 per cent of the total residential mortgage credit of the group, .FAMILY TRUST •CORPORATION' REALTOR 1 King St. W., Bowmanville I m Rose Sailer* CHECK THIS OUT! Lovely 3 +1 bedrooms, 2 baths, 4 level, sidesplit situated on a 127 x 150 It. corner lot In a rural selling. L-shnpod family room with walkout walkout to back, Sliding glass walkout from dining room lo a largo dock, professionally landscaped with interlocking brick driveway, 20 minutes to Oshawa, Lindsay, Peterborough. Listod below market value at only $149,900. Rose Sailer* 623-6622 or Res. 705-277-3053. BobCrolg* AFFORDABLE COUNTRY - AFFORDABLE TAXES 3 bodroom homo with 2 stall horso barn and doublo dolachod garago surroundod by country privacy on 12 Lino ol Monvors. School bus at door. Only $117,900. Coll Bob Craig* 623-6622. Belly Smith* JUST LISTED ON 1/2 ACRE ON ONE OF THE NICEST TREE-LINED STREETS IN HAMPTON-$195,900. Woll ovor 2000 oq. II. Ilnlohod on 4 ol 5 lovolo, 4 spacious bodrooms, lingo ktlchon, cnthodrnl ceilings, slono llroplaco, main floor family room will) walkout lo dock ovorlooklnn a vory privalo and woll-lrood backyard, Sorlous vondoro, Tty yourollorl! Call Belly Smith* 023-0022 or 907-4001. AGENT of the WEEK Suzanne Tollctt*, Branch Manager is proud to announce that this week's "Agent of the Week" recognition goes to Peter Devos. Peter's real estate expertise and ability to serve his clients' needs make him a valuable asset to the company. Job well done Peter! Peter's clients and friends may contact Peter at 623-6622, Peter Devos* Sales Rep. ANNOUNCEMENT Barry James* Sales Rep. Suzanne Tollctt*. Branch Manager is pleased to announce that Barry James has joined the Bowmanville office of Family Trust. Barry comes from a diversified background and as a result will be able to offer his clients his expertise when buying or selling a home, Barry's energy level, his willingness to succeed and the fact that he is a local resident make him a valuable asset. We arc delighted lo welcome him to die organization! Friends and clients can congratulate Harry on his move by calling him at 623-6622, «'V. Frank Hlemstra* OPEN HOUSE, SUNDAY, JUNE 20lh, 2 to 4 p.m. 75 X 200' LOT OVERLOOKS LAKE ONTARIO LnkoBhoro., Nowlonvlllo, rodueod lo $139,900, Inground pool 10 x 32', r.pollo6fl, qulol, 0 bodroom backsplit, Sopnrnio dining, toe room, nltnchod garago, For diroctlons: Hwy. 401 approx, 20 min, oast ol Oshnwn, oxll Nowlonvlllo fid, South to InkoEhoro, one! 2 ntllos or Call Frank Hlemstra', 023-0022 or 213-7235. Peter Devos* IN A PREFERRED AREA OF BOWMANVILLE Very well decorated backsplit close lo schools and parks. 4 bedrooms and 2 bathrooms, all priced for a first time buyer. For more Information call: 1 Peter Devos* at 623-6622 or 987-4415. 85 ACRES OF! PEACE AND QUIET Barry James* Beautiful building silos, open pasture and hardwood bush'. Ganaraska River Hows through the properly. Superb trout and salmon lishlng for the sorlous fisherman. Kendal area. Only $129,900. Call Barry James* 623-6622 Suzanne Tolled' ■ wee*** at 4 BEDROOM UPGRADED TOWNHOME NOW JUST $92,5001 Excollont buy ollorod In tills woll cored lor townhomo with upgraded broadloom, some now windows, llnlshod walkout basement backing conservation area, Don't bo loo lalol Call Suzanne Tolled*, Branch Manager al 623-0022.