The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

14 The Canadian Statesman, Bowmanville, Wednesday, January 24, 1996 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. ^ Please phone 623-3303 and ask for the Real Estate Sales Department J RRSP Home Buyer's Plan Makes Saving Easy This article is provided by local local Realtors and the Ontario Real Estate Association (OREA) for the benefit of consumers consumers in the real estate market. market. If you're thinking about taking taking the first step into the exciting exciting world of home ownership, but wondering how you'll ever save enough money for that down payment, help is available. available. The RRSP Home Buyer's Plan has been designed by the federal government to assist home buyers with the difficult task of saving for a home. This is how the plan works: If you are a first-time buyer, and plan to purchase or build a home in Canada, you can withdraw withdraw up to $20,000 from your RRSP towards your down payment. payment. If you have a spouse who is also eligible, you can each withdraw up to $20,000 towards the down payment, for a total of $40,000. Generally, you can participate in the RRSP Home Buyer's Plan only once in your lifetime. The best part is, no income tax will be deducted from these funds, as long as they were deposited deposited at least 90 days prior to your withdrawal, and you repay repay them to your choice of RRSP over a period of not more than 15 years. Repayment Repayment must begin two years after after your RRSP withdrawal with scheduled annual payments on or before December 31 of each year. By Edna Thickson A good crowd attended the church service Sunday morning, although it was a very dull day. Rev. Sedgwick opened the service with the call to worship, worship, prayer in unison, and a hymn. Sybol Davis had the expression of worship, with a story for the children. She had made snowflakes to give them and styrofoam balls to throw to illustrate her story. It was announced that two congregational meetings will be taking" place shortly, the first in late January and the annual meeting at Welcome on Feb. 4th, to be a brown bag lunch, with beverage pro- ovided. Following an anthem by the choir, die offering was taken up by R. Taylor and P. Dingman. Rev. Sedgwick's sermon topic was, "The Discouraged Discouraged Servant." Orley and Inez Mercer spent Xmas with Gwen and Alan and families in California. California. Beryl Dekoker returned home recently from a week in Mexico and visited me here. . Each year, you have to repay 1/15 of the total amount you withdrew until the full amount is repaid to your RRSP. If you participate in the Home Buyer's Buyer's Plan in 1996, your repayments repayments will begin for the year 1998, and end for the year 2012. Beginning in the fall of 1997, you will receive an annual repayment repayment statement from the government that will tell you the amounts you have repaid, and the amount you will have to repay the next year. It's important to note that you do not receive a second tax break when you make an annual annual repayment to your RRSP. So you must infonn your RRSP insurer that it is not a regular contribution and complete an RRSP repayment fonn, available available from any Revenue Canada district office. If you decide to pay less than your scheduled annual payments, payments, the amount that you don't repay must be reported as income on your tax return for that year and you will be taxed on that amount. To participate in the plan in 1996, you simply withdraw an amount from your RRSP, using using Form T1036, which is available at your income lax office. You must make your re quest lor withdrawal from your RRSP before January 1, 1997. No matter what type of home you wish to buy - whether it be existing or newly built, detached detached or semi-detached, a townhousc, condominium, mobile mobile home or apartment - you can take advantage of the RRSP Home Buyer's Plan. However, the home you choose must meet a few straightforward criteria: It must be located in Canada; acquired not more than 30 days before receiving the withdrawal under the MSP Home Buyer's Plan; and intended as your principal place of residence within one year after buying or building it. Talk to a real estate professional professional to learn more about the RRSP Home Buyer's Plan. A Realtor will ensure that you maximize the plan's benefits and help you lake that step into home ownership with confidence. confidence. Del's Mortgage Watch Today's Best Rate for First Mortgages. **Change from Last Week 6 Months 6.700% 4 Year 7.250% 1 Year 6.700% **5 Year 7.350% (-.05 ) 2 Year 6.750% 7 Year 7.990% 3 Year 7.000% 10 Year 8.290% NOTE: We handle the transfer of an existing mortgage at No Cost! WE ALSO ARRANGE: • Second Mortgages • Credit Lines • Personal Loans It Pays to Compare - Call 697-3300 DELTOIW"" 1 ™ © MORTGAGES I Division Street Bowmanville C3 CanadaTrust noftiM. IWmt-lfcuMw» s2.ee/, ce i : •} Yi C> ; : I!&{*!!* §§§§ Canada Trust Makes $2000 Donation Canada Trust employees Arlene Ferguson (middle), and Annette Freebum (right), present Anna Strike of the Memorial Hospital Foundation with a cheque for $2000. The money was raised last summer during an event held at the Bowmanville Zoo. t Real Estate with Betty Smith by Paul Reesor Electric-powered cars now available to some consumers General Motors just announced announced the mass production of battery-powered cars starting starting this fall for the California and Arizona markets. The exhaust free, electric vehicles cost about $35,000 U.S. and can reach speeds of 125 kilometres per hour. Depending Depending on weather, traffic and terrain, the electric vehicles have a maximum range of 145 kilometres before they will need recharging. There arc no plans at this time to sell the vehicle in Canada Canada because the current technology technology is limited in cold climates climates and hilly landscapes. Customer tip... The January 10th Unplugged Unplugged article entitled 'Cashing 'Cashing in on clothes washing' did not mention the use of an optional optional sud-saver device on the washer. The money saving sud-saver reuses the wash water water which is good for several loads of laundry. It is also a good feature if you arc on a septic system - Margaret Ford/ Solina. Author: Thanks for sharing the tip! Falling electric rates should not shadow our environmental role Clarington's municipal utility utility (Clarington Hydro) and retail retail utility (Central Ontario Electric) have recently reduced their electric rales, whole or in part, due to improved operational operational efficiencies. Customers enjoying these cost reductions should not be distracted by their savings and continue to exercise every opportunity opportunity to manage utility consumption. Living a sustainable lifestyle lifestyle is the environmental responsibility responsibility of all citizens. Thank you for your interest. Readers' ideas or questions art always welcome. Please write "Unplugged" care of The Canadian Canadian Statesman, P.O. Box 190 Bowmanville, Ontario, L1C3K9. The Educated Buyer Today's home buyer is no slouch! He spends a great deal of time comparison shopping and rarely ever purchases the first home that he sees or likes. The purchase of a home is a huge investment for most people and they simply cannot afford to be nonchalant about it. If your home is overpriced, most educated buyers will discard it from their lists even though they may like it very much. Contrary to popular belief, most serious purchasers WILL NOT come to view an overpriced listing and WILL NOT "try an offer" simply because they don't care to be rejected and they don't want to waste their lime, your time or the Realtor's. They WILL however, try an offer on a home which their research tells them is realistically priced and in their range. So to avoid disappointment, frustration and eventual failure, contact a knowledgeable Realtor when selling your home. He or she will price it realistically from the start by using documented statistics relating to comparable home sales in vour area as well as current market trends. If you're thinking of selling or buying in the near future, and require an update on market prices and conditions, please give me a call. I can be reached at Sutton Group Dynamic Realty Inc., 129 King St. E. (M & M Plaza) 697-1700 (24 hr. pager.) 1 " ©j.p. Carpentry & Contracting 23 Years in this Area • Custom Built Homes • Kitchen Renovations • Additions ■ Decks • Store Renovations, etc. (905)-623-1101 ©J.P. Announcing a FREE Seminar On how to.... AVOID THE TRAPS AND PITFALLS WHEN BUYING YOUR HOME Please join us at our Homebuyers' Seminar and.... Learn from the Experts Mortgage Broker: Stephen Bainbridge Home Inspector: David Wall Real Estate Lawyer: Leonard Wise Tuesday February 14, at 7:30 Registration and refreshments at 7:00 PM Flying Dutchman - Bowmanville (Liberty Street and 401) Seats are limited to 25, so please call to reserve your seat today To register Please call Masoud Vatandoust at Sutton Group-Dynamics (905) 697-1700 Masoud Vatandoust Sales Representative Over 30 Years Quality Real Estate Service 234 King Street East Bowmanville Telephone 623-3393 Toronto Line 686-1035 ATTENTION 1ST TIME BUYERS! Large 3 bedroom Terry Witherspoon* 623-3393 raised bungalow in Bowmanville. Large bright'family room, eat-in kitchen, master bedroom with ensuite. $125,000. Try an offer! For more information call Terry Witherspoon* at 623-3393 or 983-8296. ! - x.-M-N Josie Doxtater** SUPERB LOCATION 623-3393 Backs onto ravine court lot and walk to " all conveniences, 3 bedrooms and finished finished rec room makes $112,900. a great buy. Call Josie Doxtater** at 623-3393 or 623-9557. ? <D HE WHO HESITATES HAS LOST Exceptional 2 bedroom bungalow, features hardwood floors, fireplace in rec room and large lot. $114,500. Call Josie Doxtater** at 623-3393 or 623-9557. OPEN HOUSE Val Aston** 623-3393 SATURDAY, JAN. 27, 2 - 4 P.M. 36 The Bridle Path, BoWmanville Come for a look - $79,000.3 bedroom town- house, 4 and 2 piece bath, walkout to patio, close to 401. Move right in. Call Val Aston** at 623-3393 or 623-4907. Dirk Woudstra* IDEAL STARTER 623-3393 2 bedrooms, 1 1/2 storey, big kitchen, basement, in Orono Village at only $102,000. Call Dirk Woudstra* at 623-3393 or 987-1350. cornerstone realty ltd., realtor 104 king st. e., bowmanville fÇ) Trj) 6% Dianne Warren* REDUCED!! Come see me now. Detached 3 bedroom bedroom raised bungalow. Eat-In kitchen, kitchen, walkout from dining room to deck overlooking fields. Finished family room, parking for 4 cars. Only $122,000. HERE'S YOUR BUNGALOW This lovely 3 bedroom home sits on a huge lot in a quiet Orono subdivision. The basement has a large rec room with a corner brick fireplace. Extra room could be bed, ofc., etc. Only $129,900. Call Dianne Warren* Ofc. 623-6000 24 hr. pager JUST REDUCED $209,000. Paul DeJager* vendor SAYS SELL Exocutivo all brick homo with waiKout basomonl, oxlra largo lot adjacent to conservation aroa, custom L-shapo SPOTLESS BACKSPI.IT 3 + 1 backspllt, oat-in kitchen, dining room overlooks overlooks family room with fireplace fireplace ana sliding glass walkout to backyard, French doors, skylight, supor clean homo on quiet healed pool and much more. Call for cros. Asking $164,900, dotaiis. call Paul DeJager* 623-6000 i*S5eàyV .lllfiT 1.ISÏI D - OÜWIVIAN'/lt ! 11 AULA 66 x 320' lot, excellent 2 bedroom home. Only $115,000. 0JiP Call Doug Humphrey** 623-6000 Doug Humphrey** Brokor/Ownor OPEN HOUSE 113 Galbraith, Bowmanville SUNDAY, JAN. 28 2-4 p.m. Ron Moore* Sales Rep. 623-6000 24 hr. 623-9263 (res.) $169,900. 4485 Hwy. #2, Newtonvllle Call Ron Moore* to view at 623-6000 24 hr. pager WATERFRONT Yoar round homo, 2 sun rooms, 2 walkouts from balcony. Only $75,000. Please ask for David Passant** for a current market evaluation of your property todayl David Passant** Associate Broker 623-6000 SPACIOUS SEMI Dock to above ground pool, forced air gas heat. $109,000. GREAT ESTATE HOME Tony Klompmaker* This home is listed way below replacement cost and built way above normal standards. Now's the time to buy. Asking $299,000. NEXT TO PARK 4 bedroom semi, 2 baths, new windows, just move in. Asking $109,900. Now's the time to buy. 5 Year Mortgages available at 7.4% Mortgage Amount Monthly Carrying Cost $80,000 $580.23 $90,000 $652.76 $100,000 $725.28 $110,000 $797.81 $120,000 $870.34 Are you looking for - 4 bedrooms, 2 car garage, walkout basement, main floor family room, new high efficiency gas furnace. Here it is located in Bowmanville and asking $164,900. Now's the time to buy. Call Tony Klompmaker* 623-6000 or res. 263-4448 Linda McLennan** HORSE LOVEH'S HEAVEN! 36' x 88' metal barn built in 1989, complete with 15 box stalls, tack room, 200 amp service, separate separate well and driveway. Clean 3 bedroom brick bungalow with walkout basement. Rec room and extra kitchen downstairs. $229,000. Call Linda McLennan** 623-6000 FINISHED TOP TO BOTTOM OPEN HOUSE SUN., JAN. 28th 1 - 4 p.m. 20 Trudeau Drive, Bowmanville Marg Bain* Immaculnto 3 bodroom ralsod bungalow link homo with walkout to two docks and foncod yard. Two 4 pc. baths, bright ont-ln kltchon. Ilnlshod roc room, upgraded broadloom throughout, contrai nlr and contra! vac, doublo pavotl drlvoway. Uslod at $132,900. Call Marg Bain now at 623-6000. -- --, MiauaaaMMMmMmwHinNMaiiMMMM Don't wilt... Houi* prient tit on Ihtiltt, Initiait itltt in low. Now It Hit llmt lo Ouyll! Fort priait tnd contldmlltl dltcutilon ngtrdlng til ttptclt ot ml ttltlt all Mtrg titln mil Ut Mndi tl I ^ .. _ en-iooo. 1 ' Liz Meade IMMACULATE BUNGALOW Localod on a qulot croscont In Nowcasllo's Foslor Crook aroa, Prlclo pi ownership Is apparent upon ontorlng Into spacious foyor and Ihrough- out onllro homo. 3 bedrooms (master with 4 pc. onsulto), family room with brick flroplaco, largo living room, sopnrnlo dining room, ont-ln kltchon with walkout to pntlo, Llstod at $154,900. M CallLIz Mepde at 623-6000 for further detqjlg,^^