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=~ _6--Scugog Citizen - Tuesday, March 15, 1994 =z Ve Signs point to strong real estate market There are several positive indicators which suggest the local real estate market will rebound upwards over the next few weeks and months, realtors said in a series of interviews last go we are feeling very optimistic. We are looking for a good market this spring," said Malcolm Bliss, manager of W. Frank Realty in Port Perry. He pointed to stable prices, low mortgage rates and potential buyers who want to move from large urban areas to smaller communities in Scugog Township. Seniors meeting hears ~~ advice on Power of Attorney Port Perry Seniors held their General Meeting at Latcham Hall March 9. President Stan Rickard gave a warm welcome to the members. O Canada was sung, followed by singing of some Irish songs. Our guest speaker was Carol Meek, a Law Clerk from Michael Fowler and Associates of Port Perry. Carol's message to us was the importance of having a Legal Power of Attorney to take over affairs in case a person may become incapable of handling them oneself. Mary Cannon read the minutes from last meeting, and also the minutes from the Executive Meeting. The Senior's Choir sang some Irish favourites with the other members joining in Gord Prentice and Charlie Clark made everyone laugh with some Irish Riddles. Roy Grierson also read a poem followed by Vic Sparrow with the Treasurer's Report. Sympathy is extended to Minnie Martin whose mother recently passed away, also Get Well Wishes to those that are feeling ill. The Choir will be singing at the Nursing Home on March 28. Come out and support them A bus will be going to see Charlie Prose in Hamilton on Tuesday May 3, leaving Port Perry at 10:00 AM. The price is $56.00. Next meeting March 23 is Pot Luck Supper followed by Old Time Square Dancing at 6:30. Anyone is invited to come and dance. The C.B.C. Room will be open every Wednesday if any Senior would like some help with doing their Income Tax. The Lucky Draws were won by Geoff Gilham, Ruth Davidge, Marie Geer, Henry Stainton and Muriel Ricard. Bill Harper sang Danny Boy and the meeting closed with the Mizpah Benediction. Everyone enjoyed Tea and Birthday Cake before going home "The (mortgage) rates today are lower than they have been for a generation," said Mr. Bliss. And he said, there appears to be more confidence and optimism among potential buyers, whether they are purchasing a first home or buying up. Judi Hewitt, an agent with Ridge North Realty of Port Perry said mortgage rates will be a main factor for the housing market this spring. "If they keep going up, people may back away from buying," she said, noting that the rate for a five year mortgage jumped a full point to 8.26 per cent last Thursday. Ken Reinhardt of Professional Mortgage Brokers in Port Perry, said last Thursday's rate hike was the result of loss of confidence in the American dollar. "The American rate went up and Canada followed suit," he said, adding this is little more than a "hiccup," and not an indication that lending rates are generally heading upwards "Without question, this is a great time to take out a mortgage or re-negotiate," said Mr. Reinhardt lots ... THANK YOU | would like to say thank-you to all my customers and friends who made last Saturday's Sale so successful. We had a great day. It's almost inventory time and I've still got so all Winter Apparel is going to be S0% OFF Again, Thank you - Joanne PEER PRESSURE "clothing for the young and young at heart" 112 Water St., Port Perry 985-0046 N A ™ Happy 30th BIG BOY! The Bank of Canada, he went on, has opted for a policy of low interest rates to help stimulate the economy and these rates should not move upwards until there is proof the overall economy is on the mend. Ms. Hewitt from Ridge North said there is a good market for residential properties priced from $150,000 to $200,000. But buyers, she said, are "very much in tune with the market," and looking for the most value for their money. "They are buying tough," she said. Yvonne Burnett, also an agent at Ridge North said she is pleased to notice that open houses are attracting plenty of traffic these days. "They are not just out there 'kicking tires," she said, adding that a year or so ago, buyers were not even looking even if the right property was on the market at the right price. "I think buyers are cautiously optimistic and it looks like (the market) is going to get stronger," she said. If anything, there is a shortage of listings now in the $150,000 to $200,000 range. Ralph Fairman of Coldwell Banker-Country Lane Realty of Port Perry said one reason for the shortage of listings is that people may be holding off putting their property on the market at this time in the hopes that prices edge up, especially those who "bought high" five or six years ago. But he believes housing prices will remain stable. And this will stimulate sales, he "The affordability of housing is better now than at any time since the 1960's when one takes into account the ratio of incomes to (house) prices," said Mr Fairman He agreed the Scugog area with its many small communities is attractive to buyers from larger centres. "The appeal for country living is becoming greater as urban populations continue to grow," he said. Mr. Fairman also said he's encouraged by the fact that new residential developments will likely start this spring in the Township. This will help the re- sale market, he said. Realtors believe the combination of stable prices and mortgage rates coupled with improving buyer confidence will help increase real estate activity in the Scugog area this spring and summer. "A THE BOSUN'S WHISTLE 'Yhe Chicken & Ribs Menu' NORTH STREET MUSSELS ..... $4.96 Now Zealand mussels sauteed i rash gare and beer Deep Fed Mazzarelle sticks served with ranch dressing. "Chicken & Bibs" The 'Winchester Arms 189 North Street, Port Perry PRESENTS our NEW MENU'S "The Porterhouse Steak Wenn' MARIPOSA SHRIMP... - $4.95 Tiger simp dipped in beer baer & deep fied ure gokden brown. BOAT HOUSE FRIES $4.96 985-1323 (V1217-% 8 Fl[e] "A "Steaks" ou ss wr ged a Fut 11 Daye THE BLACKS TOCK CHICKEN $0.96 A grid chicken breast. tapped with spicy 1omato sauce and a mined blend of cheeses. THE FULL RACK .................. - $10.06 Baby back rs brushed with B60 sauce THE SCUGOG PLATTER ........ $1096 A generous serving of Fibs & Chicken wh 80 sce THE OUTBOARD ... . $10.96 Chen and Sivimp served on a bed of F emuccine 4 ight herd and busier sauce FULL CHILDREN'S MENU $3.99 Prime Rib Dinner with Yorkshire Pudding $12.95 McEwan's, Strong Bow Cider. Try one of oUF 18 Different Drafts. ek DAYS Cis ONLY! MARCH 15th to is Eee Phd os or ANADAS BEST PAINT & WALLPAPER VALLE 4% Guarance WAN ve § = wn 17 4 oe pm Sate oats Mr 158 Mt 10, IIE WP es ccm shaman Ca | So a 7 ot of bos abt st of ree gg 84 Water St., Port Perry 985- 3030