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The Independent, Canadian Statesman Weekender, Bowmanville, Saturday, February 26,1994 21 MR Reinforces Federal Role in Housing The federal government has a strong role to play in housing, the Honourable David C. Dingwall, Minister Minister responsible for Canada Mortgage Mortgage Corporation, said February 14. However, joint action is needed between government and industry to come to grips with issues such as housing and the environment, Mr. Dingwall said, in his speech to the 51st Annual Conference of the Canadian Canadian Home Builders' Association, in Banff. "That's why I am pleased to announce announce today, that a special meeting of Federal/Provincial/Territorial Finalists Selected For Responsible Home Renovations Three Home Builders' Associations Associations are the finalists for a competition competition to demonstrate how modest renovations renovations can improve older homes and be responsible to the environment at the same time. The CMHC/CHBA/NRCan "Renovation "Renovation Demonstration House" competition competition is being sponsored by Canada Canada Mortgage and Housing Corporation (CMHC), the Canadian Home Builders' Association (CHB A) and Natural Resources • Canada (NRCan). The three finalists are the Greater Vancouver, Red Deer and Ottawà- Carleton Home Builders' Associà- tions. One or more will be asked to renovate a house that promotes the concept of "Healthy Housing" - housing housing which respects both occupant health'and the outside environment. Known as the "Reno Demo", the project will demonstrate the potential for environmentally responsible renovations renovations on a home which could be representative of others in its neighbourhood. neighbourhood. The project will encourage homeowners in the community and across Canada to think about their environment environment before renovating. Before, during and after renovations, renovations, the house will be assessed for its impact on the environment, which includes evaluating airtightness, water water use and energy efficiency. HELEN BONNET Sales Representative Lie. Since '87 Now taking listings for SPRING 1994! If you are thinking of selling call me for a FRANK TALK. Off. (905) 623-3393 Res. (905) 623-8536 W. Frank Real Estate Ltd. 234 King St. E. Bowmanville JOSIE DOXTATER** Associate Broker BUYING-SELLING - MORTGAGING Serving real estate needs on a full time basis since 1974. Why not take advantage of my experience. ™ Call 623-3393 623-9557 housing officials and housing stakeholders stakeholders will be held in April to open the discussion on issues related to contaminated lands," said Mr. Dingwall. Dingwall. Mr. Dingwall's announcement was just one aspect of the federal government's commitment to housing housing outlined in his first public address to the industry after being named Minister responsible for CMHC. "We are committed to helping to house Canadians in affordable, suitable suitable and adequate shelter, but we can't do it alone. I believe that private sector sector should be the driving force in housing Canadians," said Minister Dingwall. "At the same time, governments have a role to play to ensure that society's society's problems and priorities receive receive the attention they deserve. I intend intend to play that role in partnership with industry and the provinces." "Because there is only one taxpayer taxpayer in Canada, we need to combine cost-effectiveness and creativity in our funding approaches to housing. For example, through direct lending to finance social housing projects, CMHC expects to save about $120 million in subsidy costs over the next four years, which translates into new scope for housing initiatives." "The Residential Rehabilitation Assistance Program, re-instated in the Speech from the Throne, will not only help low-income Canadians bring their homes up to health and safety standards, but will also create thousands of jobs. The Canadian Homebuilders' own figures estimate that 2500 person-years of direct employment employment will be created for each year of the two-year program." "CMHC's First Home Loan Insurance Insurance Program, which allows the use of five per cent downpayments, has not only unlocked the doors of 141,000 homes for first-time buyers and create over 44,000 person/years of employment, but has done so at no cost to the Canadian taxpayer," said the Minister. The Minister went on to report on steps taken on issues arising from his January meeting with the Homebuilders' Homebuilders' Association: • A federal-interdepartmental task force has been formed to develop, in consultation with the housing industry, industry, an export strategy that will enable enable Canadian companies to compete successfully in the international marketplace marketplace and create jobs; • The Minister has requested that the subject of consistent building codes be studied and brought to the table during the summer meeting of the federal/provincial/territorial housing housing ministers, since not all provinces have moved toward nationally consistent consistent codes; • CMHC has initiated a number of research projects on municipal infra structure, with a view to improving efficiency and reducing costs; • CMHC will also draft'terms of reference for a comprehensive review of rental markets, arising from the need for rental market research across Canada. In closing his remarks to several hundred delegates of the Canadian Home Builders' Association, the Minister stated: "Together we have raised the standard of living of our fellow citizens. And together we have created a quality of life in Canada Canada that is the envy of the world." LAWYER Peter E. Heslin, LL.B. Real Estate Wills Mortgages Family Law Pickering-Ajax Bowmanville 1305 Pickering Parkway 36 King St. E. Suite 304 623-5554 Call Toll Free - Region of Durham, and Toronto 1-800-567-3926 85 King Street W. Newcastle 987-4733 * NATIONAL RtU ISTAItStRUU NRS EDVAN REALTY LTD. 214 King Street E. Bowmanville 623-4445 686-0477 PIZZA & SUBMARINE TAKE-OUT-$8,000. High traffic area on main street in Newcastle, established clientele, excellent home made pizza. Carry on the tradition! Janice Parish*, Sales Representative 987-4733 or 987-3749. OPEN HOUSE SUNDAY, FEB. 27,2 - 4 p.m. 330 King Street East #23, Bowmanville Superlative mobile home 14 x 68, many upgrades, 2 driveways, covered deck, oak kitchen, cathedral ceilings. Val Aston*, Sales Representative 623-4445 or 623-4907. r RYAN REALTY Bus: (905) 434-5128 Fax* SERVICES IH)."* 473 ' tsM m. NEIL RYAN $129,900. 3 bedroom bungalow in town on 56' x 168' lot. Backs onto open space. Double garage with usable loft. Ideal for the handyman. Gas heating. Central air. Finished basement with extra kitchen and bath. COMMERCIAL BUILDING NEWCASTLE VILLAGE Store front with 2 apartments. Private parking. Many upgrades. $169,900. Call 434-5128 Real Estate with Betty Smith HIGH RATIO INSURED MORTGAGES The phrase "High Ratio" refers to C.M.H.C. insured mortgages, arranged through a lending institution, where the loan amount exceeds 15% of the price of the home. Conventional mortgages, represent less than 75% of the home value, and do not require mortgage insurance in most cases. CANADA MORTGAGE AND HOUSING CORPORATION, (C.M.H.C.) is the government agency that administers this insurance for the lenders, thus enabling them to advance funds with virtually no risk. In case of default by you, the mortgagor, the property is transferred to C.M.H.C. and the lender is reimbursed. Of course there are extra costs involved in arranging a High Ratio mortgage, and these are borne by you, the borrower. The insurance fees, calculated on a sliding scale, are usually added to the principal amount of the mortgage, and therefore must be taken into account when arranging financing. For further information on insured mortgages (not to be confused with mortgage life insurance, which is taken out by the borrower for his own protection) contact a knowledgeable Realtor, your nearest C.M.H.C. office or any registered lending institution. If you're thinking of buying or selling I would welcome the opportunity of working with you. Buy or sell through me in 1994 and you will be eligible to win a shiny new Grand AM SE. Call me for details. I can be reached at Family Realty 2000 Ltd., 623-2000 (24 hr. pager). Over FRANKS 30Years I Mill A « Quality Real Estate Service 234 King Street East, Bowmanville Telephone 623-3393 Toronto Line 686-1035 W FRANK REAL ESTATE LIMITED REALTOR i Josie Doxtater** NEED A LITTLE HELP? $117,900. 623-3393 Newcastle. Rental income in this cute bungalow, garage, double drive and walk to town makes it ideal. Call Josie Doxtater** at (905) 623-3393 or (905) 623-9557. CENTURY BRICK BEAUTY - ORONO 4 bedrooms, family room with stove, separate living room, super lot, insulated garage. Priced to sell at $142,900. Call Charlie Reid* (905) 623-3393 or (905) 983-5914. 1 ACRE BUILDING LOT P0NTYP00L H iiilPli! Charlie Reid* 623-3393 $49,900. Permits available. 212' x 212'. Super country location. Call Charlie Reid* (905) 623-3393 or (905) 983-5914. COUNTRY BUNGALOW Arleen Handley* $139,000. 623-3393 Retire in comfort! Central air, inground pool, 3 bedroom brick bungalow and detached garage. Close to Hwy. 115. Newcastle. Call Arleen Handley* to view at (905) 623-3393 or (905) 797-2306. Ann Van Dyk* SIMPLY YOURS 623-3393 Cozy, neat 2 bedroom, mobile home. Laundry room or 3rd bedroom, modern bathroom. Newcastle. $34,900. Call Ann Van Dyk* at (905) 623-3393 or (905) 623-4638.