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comes ------------ SANT Affordable housing is a must The dream of homeownership for first- time homebuyers will become impossible unless government fosters a climate conductive to the development of affordable housing. That stark message was delivered by Frank Gian- none, president of the Toronto Home Builders' Association (THBA), to a Liberal Housing Task Force - recently. Hard Hit New homebuyers in Toronto will be especially WATERFRONT -- hard hit by the federal government's proposed new Goods and Services Tax, Giannone said. 'The rebate structure does not reflect the realities of the Toronto market, where only 57 percent of all new homes are priced under $310,000, the max- imum price for a full rebate,'"' Giannone told the panel, made up of Liberal MPs Paul Martin, Joe Fonatan, Sergio Marchi and Dennis Mills. "The THBA believes that all individuals should have CARNEGIE BEACH areasonak.e opportunity to own their own homes," Giannone said. Interest Rates Another factor con- tributing to Toronto's lack of affordable housing is fluctuating interest rates. Since most housing is built and bought with borrowed funds, the government should ensure a long term stable supply of money, to shelter the housing market from monetary 'policy, Giannone said. "For each percentage point to rise in average mortgage interest rates bet- ween nine and 14 percent, about four percent more potential first-time homebuyers are no longer able to afford the average- priced resale home in Canada,' he said. Since four percent of first- time homebuyers equals approximately 100,000 households, 'it is not dif- ficult to understand why the recent rise in interest rates has had a dampening effect on the Toronto market." ® 4 bdrm. unique design - 3 car gar. & workshop - skylights - walkouts - approx. 3000 sq.ft. living space - $299,500. _ For details call Catherine Ayotte 985-7371. COTTAGE -- $52,500. 2 bdrm. waterfront - new wiring & plumbing - westerly exposure - land lease terms. Call Catherine Ayotte 985-7371 or 985-8024 MEHARG LTD. Member Broker 647 SCUGOG STREET, PORT PERRY 985-7371 STOUFFVILLE ... 640-3131 / 473-1979 UXBRIDGE 852-6106 / 640-2600 RUB-A-DUB-DUB ... $229,900. "View of countryside for miles; "A"menities within walking; "L"ovely 'lot, 90 x 204"; "U"nbelievable deck with jacuzzi; "E"ast of Uxbridge, 3 bdrm. bung. Call Jane Pickering, Sales Rep., Bus. 852-6106; 852-2600; Res. 852-7330 REAL ESTATE DEADLINES To meet the deadline for the Port Perry Star special Real Estate Section, commencing Oct. 31 all real estate listings must be in the Star of- fice by 5:00 P.M. Thursday preced- ing publication. This deadline applies to private advertising as well as agents, bro- kers and real estate companies. : Thanks for your co-operation. i OPEN HOUSE -- SUNDAY, NOV. 26, 1 to 4 PM 396 Cochrane Street, Port Perry $174,900. 12 yr. new semi, 3 comp. fin. levels, w/o base- ment. 3 plus 1 bdrm., att. garage. Walk to all schools. Jannette Peters 985-7371, Res. 985-3927. i LARGE SIDESPLIT on 20 ACRES $335,000. 3 bdrm. plus den with finished rec room with brick fireplace and bar; property includes 30 x 50 shed, 20 x 20 workshop with woodstove and 12 x 12 storage with cement foundation. Make your dreams come true. Please call Denise Kingma 986-0611. VACANT LOT -- $109,900. Located 10 min. north of Uxbridge, high and dry area of other fine homes, lot 75 x 204' for further information. Call Jane Pickering, Sales Rep., Bus. 852-6106; 640-2600; Res. 852-7330 PLEASE HELP ME MAKE THREE MORE VENDORS HAPPY FOR CHRISTMAS! CENTURY 21 GERRY MEHARG LTD. 'Call: SHIRLEY LONG 852-6106 or 640-2600. CENTURY HOME - $269,000. 2 plus bedrm. renovated beauty - central air - F/P in L/R - airtight in kit. - Ing. pool - sm. barn/guest house or workshop - 2 car det. gar. - To view call Catherine Ayotte 985-7371 or 985-8024. GRAND LADY $299,900. 3 bdrm. Cent. home in dwntn. Prt. Perry w/wrap arnd. veran- da, orig. oak and pine flrs. Lots of elegance. Call Carolyn Wilbur 985-7371 or 852-9577. WON'T LAST LONG! $229,900. 3 bdrm.-bung. w/1Y: det. gar. Located in dwntn. Prt. Perry. Home shows to perfection! Great for retiring couple or young family!" Call Carolyn Wilbur 985-7371 or 852-9577. 'Thinking of Buying or Selling -- For a Free Evaluation, contact our office.' Francis McGeoghan ...... 986-4512 wreresees 852-9577 Lorrie Meharg ............ 1668-5670 Ayotte ........... 985-8024 Jannette Peters ............ 985-3927 John Tait ..ooveerrrsenerenns 985-8630 Loyd Slate ........coeece0n... 655-3989 Mary Wilson .......coc.. 985-2235 "CANNINGTON $219,000. 3 Bedroom, Open Concept, Lot 125 x 325, Inground pool 20x40, SUNDERLAND Asking $145,000.