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! hous- | ing statistics for 1991 : were released in Canada Comprehensive Mortgage and Housing Corporation's Canadian Housing Statistics publi- cation. One of the highlights of the report is the section dealing with future trends of Canadian housing de- mand. Based on demo- graphic developments, CMHC's Potential Hous- ing Demand Projection releases '91 housing Model was used to fore- cast potential housing de- mand for Canada and the province up to 2011. Nationally, the projec- tions show potential hous- ing demand increasing slightly to 195,700 in the mid-1990s, levelling off, and then declining to an annual average of 168,300 for the period of 2006- 2011. Broken down further to annual demand by dwell- ing type and tenure, an in- creasing portion of de- mand will come from owner households up un- til 1996. After 2001, fol- lowing a levelling off in the ownership share of de- mand, the previous trend will reverse, with an in- creasing portion of de- mand coming from rent- ers. "The pattern of demand reflects a projected build- up after 1996 of non- family households and their tendency to rent rel- ative to family households that tend to own," said Gilles Proulx, CMHC's Chief Economist. Demand for single- detached houses will in- crease as a proportion of total demand up until 1996, level off between 1996 and 2001, and drop stats thereafter. Apartment de- mand will experience the reverse of the above pat- tern. : The publication also de- tails all of CMHC's 1991 statistical information in the areas of house build- ing activity, mortgage lending, affordability, construction, land and housing costs, price index- es, as well as the demo- (Turn to page 3) ~~ -- 'RIDGE Member Oshawa & Distric! Real Estate Board Member Lindsay & District Rea! Estate Board -------------- RTH Lid 416) 985-9777 PORT PERRY PLAZA FAX 985-9161 CASTLE HARBOUR, PORT PERRY Spacious 2300 sq. ft. main level custom built bungalow. Beautiful view of lake plus spring fed pond. Fully finished basement, main floor laundry, 3 bedrooms, central vac and air, satellite dish, over- sized garage, double paved drive, workshop, jacuzzi ensuite. All on large 3-1/2 acre lot. $354,900. PORT PERRY - 1850 CIRCA VICTORIAN Spacious 4 bedroom, completely restored, large eat-in kitchen with flagstone heated floor, french doors, wrap around verandah. 3 fire- places, master with jacuzzi and french doors to balcony. Formal din- ing room with fireplace. Quality decor and fixtures throughout. Heated with economical gas. This property must be seen to be appreciated. Over 4000 sq. ft. on large mature lot. Property is priced to this market and is value PLUS. Asking $529,000. PLEASE NOTE: OPEN HOUSE - Sat., May 30, 1 to 4 pm and Sun., May 31, 1 to 4 pm. YOUR HOST: CHUCK WILLES.