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The Clarington/Courtice Independent, Bowmanville, Saturday, June 1, 1996 21 -/ y/; z w % n y / / ■■ >"-fi , ; . • •«* ' « / .^L;v,%"*p:' : >. .y; y ?,-/< ' v < '/#■ • ^ ,'- ' j v . '■■/• "Y, 'v <•' ' :@;|1 i'Viii:.;-: , 'f I v ,> <-'5 f "s mmm : _ Durham's Community Care Holds Meeting The Annual Meeting of Durham Region Community Care Association will be held on June 18 at Kingsvicw United Church, 505 Adelaide ' Street East, Oshawa (comer of Wilson and Adelaide). The public is welcome to attend the luncheon at 12:00 noon and/or the Annual Meeting at 12:30 p.m. More than 1,400 volunteers and helpers are directly involved in assisting 4,450 Home Support, Day Program and Mental Health clients throughout the Region of Durham. Community Care's Lifetime Membership Award will" be given to six volunteers who have given exceptional service to the Association: Marie Kowal Carnival Raises Funds for Community Complex Carnival-goers try their luck at at the Fish Pond, one of several midway games set up at the Courtice Carnival over the past weekend. Proceeds from the two-day event helped finance a state-of-the-art Community Centre for Courtice. The "Build Courtice" campaign now underway is aiming to add to the more than $55,000 in pledges secured so far. At left, some of the cami- val-goers take time to shoot a few baskets. jvuwüx - Ajax-Pickering, "S„ g «on ro MUe t Low Interest and. Declining Prices,Help Buyers Glassford - Oshawa, Roy Grierson - Scugog, and Evelyn Hockley - Uxbridge. All have served at least ten years, donating donating their valuable time as service service providers, office helpers and committee members. The guest speaker is Marilyn MacKenzie, President of Partners Plus, an inspirational inspirational educator and recognized More Affordable author on volunteer management management standards. Her topic is "Volunteering in Turbulent Times." Community Care helps people people live better lives by supporting supporting adults to maintain and enhance their quality of life within their communities. If you would like to volunteer or attend the Annual Meeting, please call your local Community Care office. A combination of low interest interest rates and declining house prices have made homes in most parts of the country more affordable than at any other time in the last 10 years, a new report from Royal Bank shows. Royal Bank's housing affordability affordability index - which has been measuring the proportion of pre-tax income taken up by home ownership costs since 1985 - shows Atlantic Canada LOTS! LOTS! LOTS! SIZE Various sizes - Executive to Estate sizes LOCATION Port Hope, Newtonville, Millbrook, Kendal, Laguna City PRICES Starting at $40,000 - willing to build on lots or custom build to your specifications Call (905) 434-0473 (905) 623-4172 _ PETER KOWAL Real Estate Limited Broker r r 52 King St. West Bowmanville Phone:(905)623-2453 Fax: (905) 623-0136 SERVING BOWMANVILLE AND AREA SINCE 1955 TERRIFIC OPPORTUNITY to own a 5 ACRE corner property just minutes from shopping and town. Older 1 1/2 storey farm home with summer kitchen. Good garden soil. LIST PRICE $159,000. OSHAWA INCOME PROPERTY IN HIGH TRAFFIC LOCATION ON KING STREET WEST Ideal for home-operated business + 1 bedroom apartment. Paved rear parking lot. $169,000. NEWCASTLE BUILDING LOT! Builder's Terms offered on this lot with well and entrance. Almost 1 acre. Some bush and level building area ASKING $54,900. Call Peter Kowal, Broker. @J p and Alberta remain the most affordable areas, while British Columbia is still the least affordable. Following a prolonged slump, activity in housing markets markets is finally showing signs of recovery in the first quarter of this year, said Royal Bank economist Carlos Leitao. Short-term interest rates have come down sharply from the highs of one year ago, full-time employment is up substantially and consumer confidence is improving. Finally, real per capita disposable incomes likely likely bottomed out late last year and should increase modestly in 1996-97. "The ups and downs in affordability in the past two years have reflected primarily changes in interest rates," Leitap said. "This year, affordability affordability will likely improve further further as mortgage costs will come down a bit more - or, at worst, remain flat - and house prices remain stable." Metropolitan markets Housing affordability improved strongly in the first quarter of this year in each of Canada's three major metropolitan metropolitan areas. In both Toronto and Montreal, housing is now more affordable than at any other time since Royal Bank started measuring affordability in 1985, and a recovery in housing housing market activity is underway, underway, albeit from record-low levels. The largest improvement in affordability has taken place in Vancouver. Because Vancouver's house prices are far higher than Toronto's or Montreal's, affordability there is the most responsive to changes in interest rates, Leitao said. Despite the recent improvement, however, housing housing in Vancouver remains significantly significantly less affordable than in the mid-1980s. Housing prices The prices of typical starter homes in all three metropolitan areas continued to slide through 1995 and ended the year at lower levels than they started, with -the most pronounced decline in Montreal. In Toronto, house prices stabilized stabilized in the fourth quarter of 1995 at $198,000 and preliminary preliminary data for the first quarter of 1996 points to a modest increase. In Vancouver, prices should continue to soften but a dramatic decline is not expected. expected. In Montreal, prices will likely stabilize this year as first time buyers return to the mar- kel 4-H Club Beekeepers Learning From Videos The second meeting of the apiculture club was held on May 22, 1996 at the home of Stan Found, Courtice. Stephen Found opened the meeting with the 4H Pledge. The minutes of the last meeting were read by Brad Found. The roll call was: "What is the importance of drone bees? It was well answered by all. We then had three videos which were as follows: (1) Bee Keeping, (2) Bee Behaviour, (3) Cooking with Honey. They all gave us novice beekeepers beekeepers some interesting tips for the future! The next meeting is on June 17, 1996 at the home of Eric Bowman, Enniskillen at 7:30. - Aaron Bowman Sullcti sutton group - status realty inc. Sullen OPEN HOUSE Liberty St. North of King and follow Sutton Signs. SATURDAY 12 noon till 4:00 p.m. Just listed on large lot.. Asking $114,900. Call Cindy Ricketts 436-0990 Sutton Group Status Realty Ing^ p LOW FAMILY REALTY ALFANNIS Broker / Owner COMMISSION Sxft&iiettce the, ^Di^exie*tce( FAMILY REALTY 2000 LTD. (905) 623-2000 1 King Street West, Bowmanville L1C1R2 qcv.onnn NoUntendecU^olici^ropertiescurrentlyjiste^oi^ale^^^'^^^°^^y^2^ viF 8 *"' _ _ > pannapBcnan ^ ® The movement tor active, Health, hvy Real Estate GROUP with Betty Smith Conditional Offers with Escape Clause When a Purchaser needs the equity in his present property property as a downpayment on a new home, you, as a Seller, may be faced with entertaining entertaining an offer CONDITIONAL ON THE SALE OF THE PURCHASER'S PROPERTY. Many Vendors may be reluctant reluctant to accommodate such an offer. If it contains an ESCAPE CLAUSE, however, it should not affect the saleability of your home. This clause permits permits you, the vendor, to CONTINUE MARKETING YOUR HOME, while your purchaser is trying to sell his, rather than removing your home from the market and excluding other prospects. In the event that you receive another more acceptable offer offer (usually, but not necessarily, necessarily, an unconditional one), then, you so notify purchaser number one immediately. If he is unable to remove ALL conditions in his offer within the time allotted in the Escape Clause, usually 24 io 72 hours, then his offer becomes null and void and. you're at liberty to accept the second offer. Accepting a conditional offer without an Escape Clause is just one of the common errors-made when marketing your home privately. In a declining market, this little oversight can mean considerable financial financial loss. To avoid this and other costly pitfalls when selling your most valuable asset, entrust a Real Estate Professional with the sale of your home! If you're thinking of buying or selling and looking looking for an experienced realtor realtor to assist you, please give me a call. I can be reached at Sutton Group-Dynamic Realty Inc., 129 King St. East, Bowmanville, (905) 697-1700 (24 Hr. Pager). ©j.p.