tpaces supply for first time in years Recent hikes in mortgage rates have served to somewhat dampen enthusiasm, but the lull in activity has provided an opportunity to replenish the housing supâ€" ply. The number of homes listed for sale has dropped quite significantly over the past three months. "The activity we experienced during January to March was unprecedented," says Gino Romanese, Royal LePage vice presiâ€" dent and regional manager. "Obviously, record low mortgage rates, government incentive programs, and attractive house prices helped to prompt potential buyers to enter the housing market. But, increasing consumer confidence levels across the board were largely responsible for the uptick in activity." %or the first time in many years, | demand outpaced supply in virtually .__every price range in Toronto‘s buoyâ€" ant housing market, according to the Spring 1994 issue of the Royal LePage Survey of Canadian House Prices. v' n MaAKE HoUSE SALES REPRESENTATIVE (905) $45â€"9180 House prices in Toronto and the surâ€" rounding areas remained stable or declined marginally over the previous year. However, it is important to note that in many areas, the price in April, 1994 is higher than reported three months ago. It appears values have stopped sliding and finally stabilized. In some areas of the city, house prices actually increased over last year. For examâ€" ple, the price of a standard twoâ€"storey home in the Annex escalated four per cent, rising from $250,000 one year ago to its present value of $260,000. The detached bungalow in South Etobicoke jumped close to 10 per "The fast pace of the first quarter, so uncharacteristic of this period, caught many people by surprise. The second quarter is expected to be less frantic than the first, but quite acceptable in terms of healthy housâ€" ing activity." ‘"We believe that purchasers are taking this time to catch their breath," explains Romanese. renovated Century old home. 4 bdrms., restored country colonial charm. Includes 2 guest homes or legal duplex. Call for details on renovations. 285 FT. OF LAKE ONTARIO FRONTAGE Riparian rights. Completely Backs onto park, 3 bedrooms, finished w/o basement. Quiet area. Very spacious. Don‘t miss out! In Don Mills East, the executive detached twoâ€"storey home rose 11 per cent, jumping from $315,000 last year to $350,000 in April, 1994. The price of a senior executive home in central Toronto (Continued from page 10) In the Edmonton area of St. Albert, the price of a detached bungalow climbed almost nine per cent to $123,000, up from $113,000 one year ago. The Strathcona cent to $170,000, up from $155,000 in April, 1993. In East Yorkâ€"Danforth, the standard twoâ€"storey home appreciated over eight per cent to $195,000, $15,000 higher than one year ago. ight per cent to $195,000, $15,000 higher han one year ago. In Don Mills East, the executive letached twoâ€"storey home rose 11 per cent, umping from $315,000 last year to 350,000 in April, 1994. The price of a enior executive home in central Toronto In the suburbs, virtually every housing category in Markham experienced modest increases in price. In Georgetown, the value of an executive detached twoâ€"storey home rose two per cent to $235,000 in April, 1994, up from $230,000 in April, 1994, up from $230,000 one year ago. Consumers boost markets vel tht Regina and Saskatoon have both reported price appreâ€" ciation in most housâ€" ing categories with the exception of the senior executive home. Demand has not yet spilled over into the higherâ€"price ranges. In Winnipeg, a shortage of homes listed for sale under Park West communiâ€" ty in Calgary saw the price of a senior executive home jump ine per cent to its curâ€" fent :value ._:of $240,000, $20,000 higher than one year ago. EAST BURLINGTON $317,000 â€" With all the features you have been hoping for â€" only minutes to Oakville, highway access "GO" train. Just past Brittania Road. No need to drive north. Vacation community with your own golf course, swimming," tennis, etc. An enviable le. LAKEFRONT â€" $695,000 With a view that goes on forever! Better than new â€" 2 full ensuite bathrooms, 4 genâ€" gerous bedrooms. $329,000.â€" South of Lakeshore. Prime Burlington court. Spacious oneâ€"owner estate sale. 86‘x117‘ private lot. RYHI R NT $228,9%g.ï¬gast yu!h’r'}g%or?,%?ï¬standinq lot Beautifully done home in soft neutral tones Close to everything. BRECKONDALE COURT 620 Brant Street, BURLINGTON Call D. MARIE DUFF, Sales Representative JOHNSTON DANIEL Bus: 333â€"5500 Res. 632â€"3194 In Toronto, valâ€" ues remained stable or declined slightly although _ several neighborhoods did report an increase in price. The detached bungalow in South Etobicoke jumped close to 10 per cent to $170,000, up from $155,000 in April, 1993. $100,000 threatens to place upward presâ€" sure on prices. In some areas of the city, the trend toward increases has already begun. House prices in Ottawa remained experienced a modest increase of just over one per cent, rising from $810,000 last year to $820,000. MILLCROFT â€" $399,000 A home for all seasons. Inground pool. Gorgeous immaculate home. 2 ensuite bathrooms, 5 bedrooms, den family room. This home has it all! ._ YOU CAN‘T TELL A BOOK by its cover! No expense has been spared to make this a home to be proud of. Exclusive court close to Lakeshore. $795,000. $419,000. 4 bedrooms. 4 baths. Great features throughout! Lakeshore Shoreacres in beautiful Burlington. Prime East Burlington, an area of lovely homes. Exceptional ravine lot. Immaculate home. Close to Lakeshore. South of Northshore w/extended view. Lovely 4â€"bedroom, 3 baths. Gorgeous private mature lot. INELAND SOUTH â€" $299;000 oo s esnt view MOVE IN TO MORROW In Halifax‘s Clayton Park, the price of a detached bungalow increased three per cent, rising from $128,000 one year ago to its preâ€" sent â€" value of $132,000. unchanged over the past year while pockâ€" et areas in Montreal experienced substanâ€" tial appreciation in price. In Montreal West, for example, the price of a stanâ€" dard _ twoâ€"storey home jumped 13 per cent to $195,000, up from $172,500 one year ago.