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14 The Canadian Statesman, Bowmanville, Wednesday, February 16,1994 r a 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. I Please phone 623-3303 and ask for the Real Estate Sales Department ) Costs Savings Can be Realized in Housing Markets By taking advantage of low mortgage mortgage rates, Canadian real estate consumers consumers can realize substantial cost savings, according to the Winter 1994 issue of the Royal LePagc Survey Survey of Canadian House Prices. In virtually every resale housing market in Canada, from Halifax to Victoria, homes have become more affordable. "The decline in mortgage rates has fuelled activity across the board," says Royal LePage Senior Vice President, President, Bemie Vogt. "First-time and move-up buyers arc entering the marketplace marketplace together with renters and investors. investors. If activity continues at this pace for the remainder of the year, 1994 could be remembered as the end of the downturn and the start of the upcycle. "Low mortgage rates together with stable housing values in many areas have created the ideal buying environment," says Vogt. Hie 2 1/4 per cent interest rate differential translates into a substantial cost savings savings of close to $150 per month on a> $100,000 mortgage. That's strong incentive incentive for many purchasers." "When you consider the impact of lower rates on a monthly budget, it's no wonder that there has been a flurry flurry of activity in housing markets across the country," he says. In the Vancouver suburb of Tsaw- wassen, the price of a detached bungalow bungalow has jumped just over 17 per cent, rising from $230,000 in January, January, 1993 to its current value of $270,000. To finance 75 per cent of the property ($202,500) at today's rate of 7 1/4 per cent for a five-year term would cost approximately $1,450 per month. At last year's level of 9 1/2 per cent, potential purchasers would have been looking at monthly mortgage payments of about $1,485. Today's real estate buyer would realize realize a savings of $35 per month, or $420 annually. The same scenario is true in the Toronto neighbourhood of South Etobicoke. The price of a detached bungalow has increased over 6 per cent, rising from $155,000 in January, January, 1993 to its current value of $165,000. The cost of financing 75 per cent of the property ($123,750) at today's rates would cost about $885 per month. Financing costs on the same property last year would have been about $1,000. A cost savings of $115 a month, or $1,380 annually, can be realized, despite an increase in price. In Notre-Dame-de-Grace, a Montreal Montreal suburb, the price of an executive detached two-storey home experienced experienced no change, holding steady at $220,000. At today's mortgage rates, financing 75 per cent of the property ($165,000) would cost approximately $1,180 per month. Last year, potential potential purchasers would have been looking at monthly mortgage payments payments in the area of $1,420. Buyers can now expect to spend $240 less per month or $2,880 annually to own an executive home in Notre-Dame- de-Grace, In the Halifax suburb of Dartmouth Dartmouth East, the price of a detached bungalow increased just over 6 per cent, rising from $96,000 in January, 1993 to its current value of $102,000. Financing 75 per cent of the property ($76,500) would cost about $550 per month. Last year the cost of financing the home would have been approximately $620. The difference in mortgage rates resulted in a $70 a month or $840 annually cost savings. According to Royal LePagc research, research, a cost savings can be realized in almost every neighbourhood in Canada. Hockin Ken Hockin Real Estate Ltd. Realtor 123 King Street E., Bowmanville 905-623-4115 Rob Perkin HOME OF THE WEEK PREFERRED COURTICE Spacious, 4-level backsplit on huge corner lot. High efficiency gas heating. In area of fine family homes H close to schools and shopping. : $143,000. Call now to view. Rob Perkin 623-3624. Over 30 Years Quality Real Estate Service 234 King Street East, Bowmanville Telephone 623-3393 |TJ Toronto Line 686-1035 SsM Helen Bonnet* OPEN HOUSE 623-3393 SAT. and SUN., FEB. 19 and 20,2 - 4 p.m. 33 ROSER CRESCENT, BOWMANVILLE 4 bedroom home. A must see. 1st owners. Shows pride of ownership. $134,500. Helen Bonnet* 623-3393 or 623-8536. COUNTRY BACKSPLIT - ORONO Spotless 4 level home, family room with woodstove, 3 + 1 bedrooms, hardwood floors. Must be sold. $159,900. Call Charlie Reid* 623-3393 or 983-5914. Charlie Reid* 623-3393 58 ACRES-HAMPTON Ideal nursery, good arable soil, good water supply, plus 2 storey century brick home. Great long term potential for estate lots. $295,000. Call Charlie Reid* 623-3393 or 983-5914. Rozmin AWADIA* Helen BONNET* Josie DOXTATER** Iris FOWLER* Arieen HANDLEY* Chet JACKSON* Joe JERONIMO" Charlene McAULEY Charlie REID * JohnSHEWCHUK* Doreen TILLSON * Donna TURNER* Tom TURNER* Ann VAN DYK* Terry WITHERSPOON* 623-2207 623-8536 623-9557 (705) 932-2621 797-2306 263-8377 623-6920 797-3324 983-5914 623-5927 432-4804 786-2058 623-5510 623-4638 983-8296 FIRST CLASS STORE SPACE Excellent parking, good traffic exposure. Asking $12.00 sq. ft., negotiable. Bowmanville. Call John Shewchuk* 623-3393 or 623-5927. ■ H 623-3393 PRIME COMMERCIAL CORNER 8,000 sq. ft. building in downtown core Bowmanville. Excellent potential. 279,000. Power of Sale. Buy before prices go up. Call John Shewchuk* 623-3393 or 623-5927. COMMERCIAL BUILDING Incredible value in downtown Bowmanville. 6 rental units with parking. $212,000. Power of Sale. You can't afford to miss it. Call John Shewchuk* 623-3393 or 623-5927. EXCELLENT OFFICE SPACE $300.00 per month includes utilities. Available immediately. Bowmanville. Call John Shewchuk* 623-3393 or 623-5927. cornerstone realty ltd., realtor 104 king st. e., bowmanville 623-6000 428-1206 (Toronto Line) ** Associate Brokers * Sales Representatives $88,900. 1 1/2 storey starter. |) $89,900. Central twin home. $108,900. Aluminum bungalow. $114,800. Lakelront living. $123,900. 2 storey link with garage. SOLD $139,500. Countiy bungalow-workshop $139,900. Detached, double garage, fireplace. $144,900. 4 bedroom, 2 storey $159,900. 4br.sidesplit54x140 lot.SOLD How Much Is Your Property Worth? WHY PAY RENT? 5% down moves you into this lovely Freehold Townhome - a great starter home with 2 large bedrooms, eat-in kitchen, sliding glass walkout to a deck, rec room wired and drywalled, possible 3rd bedroom. Spacious living room. Monthly pay- ments P. + I. less than $675.00. Asking Price $101,900. Call David todayl Call David Passant**, Associate Broker, 623-6000 24 hr. pager Experience + Dedication + Service = Results David Passant** associate broker "Member of Remax 100% Club" Call for your IMS s 8 ' yg|g§ fsr 1 L ' ■ ».m :■ I ! 'jH * - • Stsh t V* 4 IT'S A SMALL PRICE You'll pay for this spacious four bedroom village home on a large country loi. The working kitchen kitchen opens conveniently to a family sized dining area, with a sliding glass walkout to a 12' x 24' covered deck overlooking the deep backyard. Handy main floor laundry area and main floor master bedroom with 3-piece ensuite! FREE APPRAISAL 623-6000 CLASSIC DESIGN ON A QUIET COURT Enjoy the permanent, practical beauty ol ceramic ceramic tile In this extra-large eat-ln kitchen. The main floor family room has sliding glass walkout to an Interlocking brick patio In Ine fully fenced yard. Other features include luxury size master bedroom. bedroom. 3 baths, wood burning fireplace, gas heat, double garage and terrific Bowmanville court location! Vinnie Gupta* Sales Rep. 987-1709 (res.) "Your Clarington Connection" OPEN HOUSE SUN., 1 -4 p.m. FIREPLACE GLOW!! 3 baths, family room with , opulent master ensuite. 1650 sq. ft., 3 bedrooms, fireplace, attached garage Please visit 30 Tucker Dr., Bowmanville. For more information and directions please call Vinnie Gupta* 623-6000 24 hr. or 987-1709 Res. Ron Moore* Sales Rep. 623-9263 (res.) DOLLAR WISE!! 1500 sq. ft. 3 bedroom home, family room, 3 baths, main floor laundry, attached garage. Quiet court location. Priced to sell. $129,900. Newcastle. Ron Moore* 623-6000 24 hr. or 623-9263 Res. "Get Moore for your money with Remax" Rod Doris** Associate Broker 623-6000 or 987-3400 Res. GOING, GOING, GONE! OVER 2000 SQ. FT.-$151,500. 4 bedrooms, main floor family and laundry rooms. For professionalism at It's best call the name people recommend to friends. Tony Klompmaker*,] fjj Jk -Li . L> BOWMANVILLE Beautiful 4 bedroom, two storey in north end. Main floor family room, fireplace, 3 baths, French doors and neutral decor. Asking $174,900. Call Tony Klompmaker* 623-6000 or res. 263-4448. THINK SPRING!! PERFECT FOR THE GARDENER Paul DeJager* CUSTOM BUILT ON OVER AN ACRE Oak kitchen, separate dining room, 3 + 1 bedrooms, solarium, workshop, greenhouse, greenhouse, barn, southern exposure. Both Located Minutes From Town. Call Me For Details. Paul DeJager* 623-6000 or 623-2712. SOLID BUNGALOW 3 acres. Lots of windows, very bright home, 2 ponds, 1 1/2 oversized garage, covered patio, beautiful gardens. Easy access to hwy. IMMACULATE $114,300. 3 bedrooms, walkout to large deck, central air, central vac, forced air gas heating, plus attached garage. A must seel Ellie Kinnear* Do you have a penalty on your existing mortgage which may be preventing you from selling? Call me to see how I can help. Elllo Kinnear* 623-6000 (24 hr. pager). m LESS THAN RENTI Cozy older homo In oxcollonl con dillon. Now shingles, vinyl siding, 2 decks, forced air gas healing, Must soil! Priced at only $99,900. James Bush* SUPER SEMI - 4 level backsplit semi - 2 - 4 piece baths - Walkout to fenced yard - Close to schools - Separate entrance = in-law potential. Only 113,900. Call now. Ellen Bush** Doug Humphrey* COMMERCIAL ZONING- 1/3 ACRE Lot In Orono with older building used for storage. Asking $64,900. with kSfâà vendor financing available. ... tigg&gfB r Linda McLennan** EXTRA W | DE frqNTAGE 200 toot In tact, loaded with plenty of mature trees. This homo otters a spacious master bedroom, Acorn llroplaco in the living room for thoso cozy winter evenings. Comploto with 1 1/2 car garago with broozoway. Asking $159,999. Call Linda McLennan** 623-6000 % GENTLEMAN FARMER 13 + ncros with view ol countryside. 3 bodroom renovated conlury homo with control air and vac. Sovoral walkouts and much more. Call now, vendor financing available. Only $199,900. THINKING OF BUYING OR SELLING? Don't beat around the Bush. Call James and Ellen Bush BOWMANVILLE BUNGALOW Excellent 3 bedroom home with beautiful Interior finish. Many | upgrades plus 2x4 piece baths. I Asking $136,900. COURTICE AREA Groat 4 bedroom family homo. Presently vacant, approx. 2400 sq. ft. Double garago, 4 bathrooms, plus largo principal rooms. Asking $189,900. To view these properties, call Doug Humphrey**, Broker, 623-6000 Member of Remax Hall of Fame I