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The Canadian Statesman, tsowmauvinc, vveunesuay, aqnumuci 14, wt 11 Real Estate Deadlines and Policies Deadline for Wednesday Publication is Monday at 12:00 Noon. Any compensation for errors or omissions by TheCanadian 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 Interest Rates Continue to Affect Home Affordability Housing affordability rode a mortgage mortgage rate roller coaster in the first half of the year, according to Canada Mortgage and Housing Corporation's (CMHC) Canadian Housing Markets report, released today. "The roller coaster started in March when three year rales soared from a record low of 6.5 per cent to 10.375 per cent by late June - one of the fastest increases since these rates were widely introduced in 1980," said Kirk Duerdcn, Market Analyst with CMHC's Market Analysis Centre. Centre. Since early March, affordability dropped as the percentage of renters who could buy an average priced starter home fell from 41.3 per cent to 26.6 per cent. "Despite the losses in affordability from the climb in rates, potential Next Sunday, September 18 will be the Terry Fox Fun. This year this event will take place in Port Perry after after an absence of several years. Organizers stress that individuals, families or other groups can participate participate in all sorts of travelling- running, running, jogging, walking etc., etc. For further information and how to obtain pledge sheets call either Janice Beechey at 986-0035 or Ken Crawford Crawford at 986-4217. Fair board members are asked to note that due to the information meeting meeting on Wednesday evening at the Rec Centre there will be no Fair Board meeting until the regular meeting in October. On the weekend tournament in Port Perry the Ncstlcton Mustangs won "A" Championship defeating Grccnbank in a very exciting game. Blackstock players on the Mustangs team - Wilma Wotten, Cindy Diamond, Diamond, Patti Alpc and Pat Millson. Congratulations, girls. Over the past few days many of our locals have been busy with various various fairs - Orono, Oakwood, Uxbridge. Uxbridge. Earle Trewin joined his tractor tractor pulling competitors at Warkworth on Sunday winning first place in the Heavy Modified Class. The Senior Citizens held a delicious delicious pot luck supper on Tuesday followed followed by the weekly card party. The following were the winners - James Emerton, Ruby Cochrane, Ncrla Masters, Norman Rohrcr, James Redman, Redman, Grant Bright, Richard Manns. Lucky draws were won by Muriel Butson, Doreen Ferguson, Charlie Stapleton, Ncrta Masters, Bernice Loudfoot and Earla Hill. Surprise Tuesday afternoon visitors visitors at Nancy and Bob Bryans were dicir Florida park friends Kelvin and Doreen Jarvis of Burlington and Clayton and Shirley Smith of Oshawa. Now that our young students arc away to their studies in universities and colleges, I would like to make the customary list of their location and courses. Parents please call me as soon as possible. The Blackstock Women's Institute Institute was held on September 7 with 26 attending with visitors from the Ncstlcton Ncstlcton and Shirley branches. The meeting was held in the Blue room of the Blackstock United Church. President Pat Sleep welcomed welcomed all and after the singing of the W.I. Grace everyone partook of a delicious delicious lunch served by the committee committee in charge. All enjoyed a time to visit over a good cup of tea or coffee. The Women's Institute Ode was sung and the Mary Stewart Collect repeated. Mrs. Roy McLaughlin introduced introduced our speaker for the day, Mrs. Joyce Kelly, Durham Board of Education Trustee from this area. Joyce delivered a humorous talk giving giving us many facts and figures on the cost of education today. She touched on various aspects of education in the 90's. Mrs. Kelly was thanked by Carol Carol Thornton and was given a small gift. A period of questions and answers answers was held. Joyce invited any with further questions to contact lier at home. Motto was read by Mrs. Edith McLaughlin: Education is what a person gets by reading the fine print. Experience is what lie gels by not reading it. Mrs. Harold McLaughlin told about the opening of the F.W.I.O. headquarters (Park House) Guelph on August 21 which she attended along with several others from our area. This is the provincial office. Minutes of the last meeting read by Carol Thornton were approved. A note from Mrs, McArthur was read to members. The treasurer's report noted noted a good balance. Group 1 Lions' Dinner is October 21. Convention Registration Number Needed by Farmers For Tax Rebate Forms Attention farmers!! Your OFA membership number is your hum business registration number. This number is necessary for completion of your Farm Tax Rebate Forms and is found on your current OFA membership membership card. This month the Ontario Ministry of Agriculture Food and Runt! Allans Allans (OMAFRA) will lw mailing Farm Tax Rebate forms to Ontario farm operations that have a gross pro- 1 duciion value of at least $7,000. Property owner, or their tenants, must provide their Farm Registration Number on die 1994 rebate application. application. Farmers who have not yet registered registered may do so by calling OMAFRA ut 416-326-9900 to request Farm Business Registration Forms. Draw prizes and W. L. Funfair were discussed. The meeting adjourned with the singing of O Canada. LoisM. Liàe P.R.O. first-time buyers were still in a better position at the end of June than they were in 1990 when affordability was at a low point," explained Mr. Duerd- en. In the first half of 1990, only 18.1 per cent of renters could afford to buy. Some centres experienced more of a ride than others. In Vancouver, the share of renters who could buy was cut in half from 26.3 per cent in March to 13.0 per cent by the end of June. However, in Montreal and Halifax, Halifax, 30 per cent of renters could still afford to buy even after the first half rate hikes. In Toronto, falling house prices in recent years have helped offset the negative impact on affordability from rising mortgage rates. "Despite the run up in rates, the share of Toronto renters who could buy at the end of June was still three times the 1989 level." said Mr. Duerdcn. The average average price of a starter home has dropped by nearly 15 per cent since 1989, from $197,700 to 5168,350 in 1994. CMHC's report also finds that first-time buyers recognized that new homes can be starter homes. "Buying of new starter homes boomed in the first half of the year; by June, there were almost as many approvals for new houses under CMHC's First Home Loan Insurance plan as there were for all of last year," said Mr. Duerdcn. In 21 of 27 major urban areas, areas, over half of. the new homes sold in the first six months were within reach of potential first-time buyers. The resale market also continued to offer a wide selection of starter homes in the first half of 1994. In 19 of the 23 centres reporting listings data, over half of the resales on the market were within reach of potential first-time buyers. First Home Loan Insurance activity for resale homes jumped by 60 per cent in the first half of the year over the same period last year. HOUSE FOR SALE - PRIVATE Nice lot in Canton, 5 km. north of 40 i on County Rd. # 10 (north of Port Hope). Has new well, pump, siding, roof, paint, flooring, furnace, windows and more. 3 plus bedrooms. Price: $103,500. Call Ray 753-2361. @ FOR SALE BY OWNER Luxury custom-built Cape Cod on one acre 10 miles north of Bowmanville in Haydon. 4 bedrooms, 3 bathrooms, many features too numerous to mention. Must be seen. For appointment, call 905-263-4056. Priced at $228,000. 122 KING ST. • $ Ixv.ai 3 bdrrn. home on quiet street in Hampton, huge mature lot, completely renovated. New furnace, bathroom & cupboards. STORYBOOK HOME Beautiful stone house, renovated by master- stone mason! Wall to wall fireplace in living room. Park-like setting with mature trees. House overlooking Orono pond. umufl % 1 SOO 3 bedroom backsplit home on mature lot with eat-in kitchen and separate dining room. P@S 111 YOU HORSE LOVERS Attractive sidesplit, finished on all three levels, inground pool, 100 ft. shed or bam with 50 acres. Great location! WOKING FOR LAND? io mis to CHOOSE FROM! PRICE RANGES FROM $55,000 TO $525,000 MATURE LOVERS DREAM! Bedeted 8© 1269,000 Attractive sidesplit with very private setting, near Oshawa Ski Club. 3 walkouts to patio overlooking sparkling clean pond. m SELLING S h -33a xsFrara it - MAKE USE OFJKIREXPHmSE HPT : 21 Pineridg'e Trail II2 BAYS! Not exactly as shown. FAMILY REALTY 2000 LTD. miHî â BS H Owner/Broker Alf Annis Owner/Broker FAMILY REALTY _ JLUATION CERTIFICATE This certificate entitles a residential property owner to one market evaluation by a Family Realty 2000 Ltd. Representative. This service to be performed without cost or obligation to the owner. Return this valuable certificate or call Alf Annis for an appointment at: 623- it <L 2 bedroom (could be 3), 1-1/2 storey home on quiet street. F.A. oil heat, on large lot with shed. A Asking $99,000. 1 Call Ann Simpson. 'SAP I 1 ;g b< 66'x660' lot, 3 bedroom home in excellent location. Eat-in kitchen, w/out to deck from family room, new high efficiency oil furnace. Asking $134,900. L Make an offer. Call Ann Simpson, f Ann $149,900 « 87=% ASSUMABLE MORTS Nearly new, 1430 sq.ft, link. Thousands spent in upgrades, fireplace, walk-in closet, ensuite & alarm system. Carat Hallman Sales Rep. 0P11 MOUSE . 17 IRELAND ST V Bowmanville fj Sat. & Sun., SEPT. 10 & 11 ° 2-4 pm Directions: Concession cast to Meants, north to Apple Blossom, west to Elephant Hill Dr. Watch for signs. iFgQBMAHLE HOWMÀMTIMÆ MOM Sid® ® JJLi 1MBBB Slim®®® 27 HOBBS BR. • $ 129,900 3-1-1 bclim, beautifully finished basement, 2 full baths. 33 JANE ST.» $11.9,500 SMITH 67 WER jCRES. - $ 11M ! bclvm., nice big recreation mom, Sales Rep. Upgraded 3 burnt, semi, well 50'xl5()' lot. finished hsmt., upgraded windows. 65 CHURCH ST. - $117,900 2lxlvm., potential lor 3rd burnt., 24'x20' heated garage/shop. J'OR lNFOUMAt lON ON IJJJV ABOVE i/OiW/,'S, /'U.VISL ( V\ U. Ni.n'Y SMjf77 j