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EE 2 -- PORT PERRY STAR -- Tuesday, August 12, 1986 House prices soar upward (From page 1) homes in Port Perry that were listed last January for $62,000 and $64,000 recently changed hands for $80,000 a 28 per cent hike in six months. Mr, Stone said the most dramatic | increases in house prices has been for those in the 'moderate' price range. The rate of increase for more - expensive homes has not been as high He agreed with the theory that the 'booming economy and job oppor- tunities in the Region are putting the strain on the housing market. "We are able to provide the jobs, but we can't supply the housing," he told the Star. He said his office in Port Perry is getting inquiries every week from home buyers from all parts of Canada. He too noted that the lack of rental accommodation in Scugog Township puts pressure on the market for single family homes. He agreed that many new people are moving to Durham Region, but in the Port Perry area, he said, a lot of home buyers these days "are moving up' to their second or third home. Like the rest of Durham Region, Scugog Township has experienced a major building boom this year. In the first six months of this year, the Township has issued building per- . mits worth nearly $10 million. In all of last year, the total building per- HOUSE CLEANING & HOME SERVICES mits value in Scugog reached $12.6 million. It appears as if 1986 will top that mark. Included in the number of building permits last year was 124 single 'family homes. As of the end of July this year, there had been permits - issued in Scugog for 93 single fami- ly homes. Will house prices continue to rise in Durham Region? Mr. Thompson at the CMHC office says there is no way to accurately predict what will happen in a volatile market. "There comes a point where affor- dability becomes the issue. This has not yet happened. We'll have a bet- ter idea for the future when the fall market comes," he said. Mr. Hillier at the Canada Employ- ment office said nothing will hurt the overall economy more than another sharp hike in the cost of energy. He said the agreement among the OPEC cartel members last week may be cause for worry. If oil prices start to climb back up, that would drive up interest rates and generally weaken the economy, including the housing market. Chuck Willes, a local realtor working out of Port Perry, told the Star last week that hef. (he hous- ing market in this area has not yet peaked. But he added that he believes the rate of future increases will not be as dramatic as the past 12 months. As for Port Perry and Scugog Township, there is another factor that is having an effect on housing prices. People are looking for homes here because they believe it is a very attractive place to live and bring up a family. That fact pro- bably won't change no matter what happens to interest rates or the job opportunities in the rest of the Region. Land investigation (From page 1) property." Mr. Gregory said that he tried to buy the three bedroom bungalow in June when it was listed for $59,900. Four days later, the offer was refus- ed because, he was told, the deal had to be in cash. He made a cash offer for the full amount, but was (Basic Routine) iI ~~ -- LET US LEND YOU A HAND -- Special Introductory Offer 3 Bedroom Home FOR FURTHER INFORMATION & FREE ESTIMATES Call RoseAnn ... 85-2795 OR Nanoy 0000000 0000RRGGRORRNGS S8e-8373 For your convenience please leave a message on our answering machine anytime. We will call back promptly. *35.00 again rejected without explanation. The Donauschwaben Park was first developed for homes in the mid 1960's, and there are about 25 houses there. A Pickering lawyer acting for Mr. Gregory describes terms of ownership for homes in the park "as somewhere between condominium and co-operative ownership." Last week, a crew from CITY-TV News in Toronto investigated Mr. 'Gregory's charges and carried a story about the 'German speaking' only stipulations as a purchasing requirement. The listing agreement also says the purchaser must be approved by the Park Committee. 16-yearold faces charge A 16 year old Scugog Township youth is facing several charges after he was caught by Regional Police walking out of Port Perry High School last week. The youth is charged with petty theft and trespass in connection with the incident at the school. He has also been charged with three break and enters and one break and enter with intent. The identity of the youth cannot be revealed under the terms of the Youthful Offenders Act. The Durham College EXTENSION COURSES TABLOID INSERT will appear in this newspaper's TUESDAY, AUGUST 19th EDITION. DURHAM COLLEGE APPLIED ARTS AND TECHNOLOGY PO Box 385 2000 Simcoe Street North Oshawa. Ontano. Canada L1H 707 » 1% The high winds of last Friday's storm snapped off this large tree which then hit the roof of 8 home on Lilla Street. Part of the roof will have to be replaced. Nobody was injured. rd number How to become @ member your Ontario Privilege Sy Prior to Visit our pharmacy, give with your membership J and il bership and they Wi p y the cashie es (excluding prescriptions. checking out, ash: i o bo and 3% of with fluoresent red price tic toba PORT PERRY PHARMACY LTD. 209 QUEEN STREET, PORT PERRY - 985-2231 COME & BEAT THE RUSH! Christmas Sale August 19th to 3rd Designer clothes Hand woven tops Porcelain dolls Doll furniture Stained glass Pottery Silks Pictures, etc. Furniture Jewellery