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Canada's Housing Starts Reach 18-Month High The Clarington Independent, Bowmanville, Saturday, July 23,1994 17 "Picnic of Picnics" is Coming to Enniskillen Conservation Area Stronger multiple construction activity activity pushed national housing starts to an 18-month high of 166,600 units in June, reported Canada Mortgage and Housing Corporation. On a seasonally seasonally adjusted annual rate (SAAR)* basis, total starts rose 5.2 per cent from May's 158,400 units. Urban starts of multiple dwellings surged 19.9 per cent to 70,000 units SAAR in June, Up from 58,400 units in May. Starts of single-detached homes fell 4.6 per cent to 70,200 units SAAR, compared with 73,600 units in May. "The surge in new construction was due to condominium starts in British Columbia recovering after two months of unusually low activity. activity. As well, Ontario posted higher starts or multiple units, mainly apartment apartment condominiums, semi-detached and row houses in Toronto" said Gilles Proulx, Chief Economist at CMHC's Market Analysis Centre. "Later this year, new construction is expected to drop because of increases increases in mortgage interest rates that took effect during March and again in June. But, with the current stronger stronger levels of employment and economic economic activity, the drop should be limited," limited," Proulx added. Urban starts in Ontario rose to 44,000 units (SAAR) in June from 41,200 units, in May due to higher starts of multiple units. The gains, mainly in semi-detached dwellings, row housing and condominium apartment apartment units, likely denote a shift of first-time buyers towards products that remain affordable even with higher mortgage interest rates. Lower starts of single-detached units were recorded. In British Columbia, urban starts rebounded sharply in June to 37,100 units (SAAR), up from 30,000 units in May. The performance was mainly due to a recovery in apartment condominium condominium starts, back to levels seen in 1993 and early 1994. Starts of sin- gle-detached dwellings only inched up. Urban starts in Quebec fell to 29,800 units (SAAR) from 36,100 in May. Following a fairly active new construction season earlier in the spring, all segments of the market were hit by June's decline. It was moderate for single-detached starts but more sizable for all types of multiple multiple units. Montreal accounted for a large part of the decline. In the Prairie region, urban starts rose to a rate of 19,400 units (SAAR) in June, up from 16,800 units in May. The gain was mainly in Alberta where starts rose to an annual rate of 15,700 units (SAAR), up from INDEPENDENT FINANCIAL ADVICE! MYTH - All Mutual Funds invest in the stock market. WRONG - Stocks, Bonds, T-Bills, Mortgages, Foreign Equities, etc. With over 700 Mutual Funds on the market where would you to go find the one that suits you?, REGAL CAPITAL PLANNERS LTD. Call Steve Scatterty Financial Advisor, Bowmanville 623-1936 © Real Estate with Betty Smith WHO/WHAT IS A REALTOR? "Realtor" is a trademark that identifies Real Estate professionals in Canada, who arc members of the Canadian Real Estate Association (C.R.E.A.) Most Real Estate professionals in Ontario arc members of the Ontario Real Estate Association (O.R.E.A.) and only members of these associations may legally call themselves "Realtors". Before receiving a license to sell Real Estate in Ontario, we had to successfully complete (with a minimum of 75%) an extensive course of study developed by O.R.E.A. on behalf of the Government of Ontario. Within two years of receiving this license, Realtors are required to complete three other courses pertaining to Real Property Law, Mortgage Financing and Appraising. In addition to the above mandatory courses, there are many other educational courses and seminars offered on an on-going basis by O.R.E.A. and our Regional Boards. These are always well attended by Realtors eagerly striving to better serve our clients and customers and to keep abreast of our ever changing industry. When you deal with a Realtor, you should expect unwavering adherence to provincial laws as well as to our own very strict Code of Ethics and Standards of Business Practice. This assures you, the . client or customer, the highest level of professional service, honesty and integrity. Thinking of buying or selling soon? Please meet with me first. I can be reached at Family Realty 2000 Ltd,, 1 King Street West, Bowmaiivillc 623- 2000 (24 hr. Pager). © 12,900 the month before, as a result of higher condominium starts in Edmonton. Edmonton. Starts also increased in Manitoba, Manitoba, reaching 2,500 units (SAAR), up from 2,100 units the month before. before. In Saskatchewan, construction activity fell back from 1,800 units (SAAR) in May, to 1,200 in June. Urban starts jumped to 9,900 units (SAAR) in the Atlantic region, up from 7,900 units the month before. Building activity rose in Nova Scotia (to 3,900 units) and New Brunswick (to 3,400 units) while it was lower in Newfoundland (to 2,100 units) and Prince Edward Island (to 500 units). *The SAAR is a monthly figure that is adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. Clarington's Enniskillen Conservation Conservation Area is the location of the Celebrate Celebrate Durham '94 Giant Family Picnic Picnic on August 14. From 1 to 5, people of all âgés can indulge themselves themselves in an awesome day of fun and frivolity. Organized in association with the Tourist Association of Durham Region, Region, this mammoth event will help celebrate both the Region's anniver- 1 sary, and the International Year of the Family. First-rate readings for children will be presented by Children Children Can Excel. A variety of bands will provide non-stop musical entertainment entertainment through the afternoon. There will be games for the little ones, plus face painting, and pony rides. Television's Green Ranger will be making a special appearance. An assortment of displays and demonstrations demonstrations will make it a great day for each member of the family. Bring your own home-packed meal to enjoy amongst the park's natural natural surroundings or spoil yourself and your family with hotdogs and soft drinks at a nominal charge. Volunteers are still needed to join the team already assembled to run the day's activities. Anyone interested in helping out is asked to call Celebrate Durham at (905) 430-1302. Watch for more information on this event in the coming weeks. Eat, drink, and be merry at the Celebrate Durham '94 Giant Family Picnic. NRS Edvan Realty Ltd. 214 King St. E., 623-4445 Bowmanville 686-0477 85 King St. W., Newcastle 987-4733 Bill Finnie* Janice Parish* OPEN HOUSE SUNDAY, JULY 24th, 2-4 p.m. 76 East Beach, Bowmanville 3 bedroom waterfront home. Priced to sell $109,900. Dorothy Hartford** Broker/Owner Val Aston* Murray Paterson* © Bette Morrison* Wilma Entwisle* Jill Hills* iv&i&ùuy (fait f Glenda Bedard* -- Hockin Ken Hockin Real Estate Ltd. Realtor SUPER SIDESPLIT Spry Avenue, Bowmanville. 4 bedroom home with hardwood floors throughout. Separate entrance to full in-law apartment. New windows and many extras. Close to school, park and 401. $164,900. Rob Perkin 623-3624. SPACIOUS CENTURY HOME In original condition. Large centre hall plan, four bedrooms, huge back kitchen, on large private lot. Walking distance distance to downtown Bowmanville. $194,900. Brad Hockin 623-0398. 123 King Street E., Bowmanville 905-623-4115 QUICK CLOSING Solid, spacious home. Eat-in kitchen, family room with airtight stove, 2 + 1 bedrooms bedrooms plus loft, private fenced lot, gas heat, close to schools, park and 401. Includes fridge, stove, washer and dryer. $132,000. WALK TO HOSPITAL or mall. Two bedroom bungalow with hardwood floors and separate dining room. 50' x 150' lot. Convenient to everything. everything. Good value at $128,500. Pat Marjerrlson 623-2478. Marg Bain 623-2661 Al Beard 987-4035 Brad Hockin 623-0398 Pat Marjerrison 623-2478 Bill Whyte 623-9986 Rob Perkin 623-3624 George Wallace 697-3165 Jack Ricard 433-0036 ,