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The Canadian Statesman, Bowmanvillc, Wednesday, November 2, 1994 15 » M (HUH * "1 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 ) Third Quarter Starts Affected by Higher Interest Hates National housing starts fell 8.1 per cent to 153,200 units during the third quarter, compared with a level of 166,700 units in the previous three months, reported Canada Mortgage and Housing Corporation. Results arc seasonally adjusted at an annual rate (SAAR)*. "As we expected, third quarter results results show the delayed response of new constmction to the spring run up in mortgage interest rates. However, new construction is expected to stabilize stabilize in coming months since mortgage mortgage rates have retreated partially from their recent peaks. Job creation and consumer confidence remain favourable. favourable. And sales of existing homes appear to have stabilized too," said Gilles Proulx, Chief Economist at CMHC's Market Analysis Centre. "Activity fell mainly in Quebec and the Atlantic region, which also had posted high second quarter results. results. In other regions, new construction construction changed only marginally as stronger job creation has cushioned the blow from higher mortgage costs," explained Proulx. Starts of single-detached dwellings dwellings recorded a 9.4 per cent decline to 93,500 units SAAR, following a strong second quarter. Multiple starts fell 6 per cent to 59,700 units SAAR, their lowest level in three years. Ontario home starts only inched down to 48,600 from 48,700 units SAAR. Construction of single- detached units posted moderate gains in urban centres, driven by healthy advances in sales and prices for existing existing homes and good employment growth so far this year. The offset came from a drop in multiple units, especially rental apartments, and lower lower activity in smaller centres. Quebec starts fell 28 per cent to 31,700 units in the third quarter, from a strong 44,400 units SAAR in the. second quarter. The decline was widespread, hurting both single and multiple units. Following a strong performance in the last 12-18 months, job creation has begun to slow down recently. As well, first- time home buyers in the province who remain key players on the market, market, have been sensitive to the rise in mortgage rates. British Columbia starts advanced slightly to 38,500 units from 37,200 units SAAR, as construction of single-detached single-detached units held virtually steady. The increase was due to a re covery in condominium starts. Construction Construction of affordable semi-detached dwellings, a popular product in a costly market, has also been increasing increasing recently. The province's solid economic economic performance provides a healthy base to the strong housing market. In the Prairie region, starts inched down to 23,500 units from 23,600 units SAAR, as weaker construction in Alberta cancelled some gains in Saskatchewan and Manitoba. The Alberta Alberta new market reflects resale market market trends featuring lower sales and fiat prices. By contrast, construction rose in Manitoba and Saskatchewan. Home construction in the Atlantic region fell to 10,900 units from a strong level of 12,800 units SAAR in the second quarter. Only Nova Scotia reported higher constmction activity mainly for rental apartments. Activity fell significantly in New Bmnswick, Newfoundland and Prince Edward Island Island following strong second quarter numbers. General Motors Announces New Truck Plant Manager The appointment of J.M. (Mike) Quinton to plant manager, Oshawa Truck Assembly Centre at General Motors of Canada, effective today, has been announced by V. Maureen Kempston Darkes, president and general general manager of General Motors of Canada. He replaces Ron Frizzell who is being transferred to GM's Asian and Pacific Operations. Quinton joined General Motors in 1973 as a college graduate at the GM assembly division in Lakewood, Georgia, and held various positions in manufacturing. In 1985 he was promoted to general superintendent at GM's North American Truck Plat form (NATP), Shreveport, Louisiana facility, and in 1988 was appointed plant personnel director there. In 1990, he was appointed director, director, plant quality control at the NATP facility in Fort Wayne, Indiana, which manufactures Chevrolet and GMC full-size pickups, and in 1991 was appointed area manager, general assembly. In 1992 he was promoted to assistant plant manager at the NATP facility in Baltimore, Maryland, Maryland, which builds the Chevrolet Astro Astro and GMC Safari mini vans. He holds a Bachelor's Degree in Business Administration from Georgia Georgia State University. w. FRANK REALTOR W. FRANK REAL ESTATE LIMITED Ci. OPEN HOUSE Iris Fowler* 17 COLE AVE., BOWMANVILLE 623-3393 SAT. and SUN., NOV. 5 and 6, 2 - 4 p.m. 5 Level beauty on a ravine lot. Shows to perfection. Finished lower level. Ideal for in-laws. Main floor family family room, fireplace and walkout. Reduced to $158,900, Iris Fowler* will be there to greet you. 905- 623-3393 or 705-932-2621. .91 ACRES-ENNISKILLEN Gorgeous 3 bedroom home with nothing to do but move in, 1/2 acre paddock and barn. Shows like a 10. $164,900. Call Charlie Reid* 623-3393 or 983-5914. 234 King Street East, Bowmanville Telephone 623-3393 Toronto Line 686-1035 RAISED BUNGALOW $135,900. Charlie Reid* 623-3393 Just listed. 3 bedrooms, hardwood floors, central air, gas fireplace, single car garage. Call Charlie Reid* 623-3393 or 983-5914. 10 ACRES-$209,900. Spotless 3 bedroom bungalow, finished basement, basement, walkout double car garage, 4 stall barn and 2 paddocks. Super buy. Call Charlie Reid* 623-3393 or 983-5914. Over 30 Years Quality Real Estate Service P John Shewchuk* tea». 623 ' 3393 PRIME COMMERCIAL BUILDING Downtown core, extensively upgraded throughout. $70,000 yearly gross income. The price is right $650,000. Ideal investment. Call John Shewchuk* 623-3393 or 623-5927. ISIS wca ' Si mmm Leonard Wells* HIGHLY DESIRABLE AREA 623-3393 THIS 2 STOREY LINK HOME $139,900. 6 years old, 3 bedroom home. Tastefully decorated, decorated, features eat-in kitchen, skylight in bathroom, bathroom, gas heat, finished garage. Close to amenities and quick access to 401. Call Leonard Wells* 623-3393 or 623-7817.© jipy' r\ Sv jff ; 1 v r \ i cornerstone realty ltd., realtor ** Associate Brokers 104 king St. e., bowmanville * Sales Representatives (Toronto Line) Children's . Miracle Network-. SPONSORED UY * 428-1206 RE/MAX experience gets results! Call us First! w Aubrey Crooks* PARK-LIKE SETTING $149,900. Two storey home with huge private lot. Main floor family room with fireplace and walkout. Eat-in kitchen. Three spacious bedrooms. Two bedroom in-law apartment, separate entrance. Central air, central vac. Call Aubrey Crooks* 623-6000 or Res. 623-1735. associate broker "Member of Remax 100% Club" Call for your FREE APPRAISAL 62; pu 6 COME TO THE COUNTRY! jluxwi I Lovely all brick, 3 + 1 bedroom bungalow, finished walkout basement, detached garage with v basement on mature half-acre lot... $169,900. Fabulous forty acre hobby farm, just east of Orono with 5 year old, 3 bedroom log home, huge barn and other outbuildings... $250,000. Spacious, newly renovated brick bungalow on large mature lot, with gas heat, central air and vac, finished basement, double garage... $189,900. George Feddema* LISTED Attractive, nicely decorated 4 bedroom semi in good location location in Bowmanville. 4 appliances to stay. Partially finished basement. Nice back yard and paved drive. A pleasure to show. All for the price of $116,800. Call George Feddema* at Remax Cornerstone 623-6000 JUST IMAGINE Ron Moore* Sales Rep. 623-6000 24 hr. 623-9263 (res.) sitting in front of a lovely fireplace in your family room overlooking a private ravine lot with your family at Christmas. This lovely 3 bedroom raised bungalow with in-law apartment could be yours at $159,900. Call Ron Moore* to view at 623-6000 24 hr. pager and don't miss out!! ■■rf' COME HOME FOR CHRISTMAS!! Vinnie Gupta* Sales Rep. 987-1709 (res.) 1 Your Clarington Connection" Large 3 bedroom home with family room and 3 bathrooms. Tastefully decorated throughout. Asking $149,900. For personal viewing, please call Vinnie Gupta* at 623-6000 (24 hr.) or 987-1709 (res.) . 4 t Jhie David Passant" QUALITY AMD COMFORT This lovely custom bungalow bungalow has two x six construction construction and plaster walls, oat- in kitchen and separate dining room, cozy wood- burning fireplace in the spacious recreation room, Also: S19,500. - Power ol Sale - mobile homo in park. P tk! 529.900, - 50 acres with stream and beaver pond. mont. I no list goes on and $64,900. - 2 1/2 acre building lot, all hardwood. ° n -• 'T 0 /' S0 i ask for David 509,500. - 4 bedroom, 1 1/2 storey siador. Passant lo view this 599.900. - Power ol Sale - brick bungalow. oxcoplional homo! 5118.900, -2 bedroom bungalow, control location. 5109.900. -2 + 1 bedrooms, quiot north ond location. , For a market evaluation of your property call David today! DAVID PASSANT", ASSOCIATE BROKER - Serving the Durham Region for over 19 Years. it -a' si# James* and Ellen** Bush Linda McLennan* LARGE LOT Solid 3 bedroom bungalow. Spacious eal-in kitchen, gas heat. High and dry basement. basement. Detached garage. GREAT AREA 3 bedroom link with above ground pool and fenced yard, Finished roc room. Gas. Includes dishwasher. Call Linda McLennan** 623-6000 MOVE ONE MORE TIME to this beautifully appointed 3 bedroom home. Features master ensuite and walk-in closet, walkout from kitchen, separate dining room, main floor laundry room and family room with fireplace. Only $169,900. Call now to view your next home. CHEAPER THAN RENT -12' x 45' one bedroom mobile home. Living room with woodstove for easy heating, litige deck overlooking pond. Asking only $23,900. - 8' x 34' one bedroom trailer with 16' x 12' addition. Needs some T.L.C. Power ol Sale. Asking only $5,900, Call now! Don't Beat Around the Bush. Call James* or Ellen** Bush 623-6000 Tony Klompmaker* 55 CLAYTON CRES. 4 bedrooms plus loads of extras. Asking $169,900. Call Tony Klompmaker*, Remax Cornerstone Realty Ltd. 623-6000 or Res. 263-4448 136 ELGIN ST. 3 bedrooms, finished rec room, central vac plus 3 appliances. Asking $124,900. Dianne Warren* WEIGHING VALUES? Come see this pretty 3 bedroom home. Sunny eat-in kitchen, walkout to massive deck, finished rec room with bar area. 2 pc. and 4 pc. baths. Close to all amenities. Extra deep lot, Only $127,900. Call Dianne Warren* 623-6000 Toronto Line 428-1206 FOR PROFESSIONAL RESULTS THAT MOVE YOU! I I Stove Lnwrcnco* POWER OF SALE 3 bedroom bungalow, super stnitor, ' Hugo family room with 11/1 lor woodstove, Conti ally located, I istnd at $99,900. SUPER STARTER! 3 bedroom homo close lo schools and downtown. Hugo backyard, Nicoly decorated, Now gas lurnaco, appliances included, Listed at $118,400. Call Steve Lawrence* at 623-6000. Paul DcJngcr* à 4 LEVEL BACKSPLIT, COURTICE - $169,900. Shows to poiloclion. Eat-in kitchen, largo dining room, beautiful French doois, main floor overlooks family room walkout and llroplaco, Loads ol upgrades. Paul DeJager* at 623-6000 OR 623-2712. i, i llfej M « PANORAMIC VIEW -51 ACRES $17!),000. 20 minutes to Oshawa, 5 minutes to all amonl- tios. Solid homo and barn. Largo living room will) liroplaco and sliding glass walkout, eat-in kitchen and more. Ideal hobby farm. Try an oiler! , v INEXPENSIVE LIVING - $19,900. Minutes noitli ol nowmanvillo, 2 bedrooms, bedrooms, oat-in kitchen, flacks onto open hold. Largo lot, Call lot details. © IS