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arginal gains in new hous- 'V V .ing construction of 1, 300 units nationally, for an annual total of 156, 600 units, are forecast for 1995, according to Canada Mortgage and Housing Corporation’s fourth quarter National Housing Outlook, released recently. For 1994, housing starts should reach 155,300 units, almost the same as last year’s total of 155,443. “The key economic trends look good - consumer spending, business investment and international trade are all pointing higher for next year,” said Gilles Proulx, CMHC’s chief economist. “The housing sector howâ€" ever, will continue to feel the effects of higher mortgage rates and large surpluses of multiple housing until the early part of next year,” he added. Construction of single detached units is expected to rise three per cent to 94,000 units in 1995, up from 91,300 units this year. “Housing markets will show only moderate growth because first-time buyers and move-up buyers will re- enter the market gradually in 1995,” explained Proulx. “The second half of the year will be stronger as inter- est rates recede from their current high levels.” Lower demand by first-time buy- ers will have an impact because they have been the dominant force in the market. The rental market is expect- ed to offer limited opportunities because of high vacancy rates in most urban centres. Due to lower demand from first- time buyers, existing home sales are expected to reach 303,500 units next year, a level similar to this year’s and 1993. The average price of existing homes is forecast to rise slightly from $158,000 to $159,600 next year. "Carlisle Country Executive" New listing. Bramhaven built on approx. 1/2 acre. Offering a gourmet kitchen, 2 fireplaces, custom family room, den and even a tennis court! Asking $297,000. For more infommtin on this lovely home call ED GILES. Sales Representative, at 632â€"6201. ADVANTAGE PLUS REALTY INC a! 844-4444 MICHAEL BRIERLEY LTD. Realtor hnovative real estate W fiSUEEto new facilities in ’95 has opening for only 2 top producers. Our represen- tatives average in‘ excess of 30 transactions per ear. Exclusive farm territory availabe for the right can- didate. All calls confidential. Call MIKE MORONEYl Broker or GARY REED, Sales'Manager. K%K%%wwfimxm%mfifix EXPERIENCED REAL ESTATE SALESPEOPLE Singles Multiples MLS Sales Average MLS Pn'ce($) Nfld. PEI. N .S. N .B. SASK. ALTA. The Multiple Listing Service (MLS) is a registered certification mark owned by The Canadian Real Estate Associalion. MAJQfi”NATIONALMQHSING Mommas 155,443 85,099 70,344 302,004 2,405 - 645 4,282 3,693 34,015 45,140 2,425 1,880 18,151 42,807 1993 actual 153,575 158,000 PROVINCIAL STARTS - TOTAL UNITS lflfi agtual 1994 fm 155,300 91,300 2,200 700 4,550 49,000 2,850 1,825 17,600 38,800 304,600 1994 forecast 156,600 94, 000 62, 600 303, 500 2,100 650 4,500 35,600 52,000 3,300 2,100 16,600 36,100 1995 forecast 159,600 1995 fgrecast gm WMISXj CALL 1 mm a; IgnWm O‘fl 1mn LET TD bring the p‘e'rfect mortgage to you. Your BankYour Way \Ml;h a TD Bank Area Mortgage Manager. now you can get a mortgage quickly and conveniently. A1; a time and place moot convenient for you, one of our experba will come and help you arrange the right TD Mortgage. Thai” be filérc to explain options. to answer any questions and to be your Ian Linda Darmch 842-7000 Sales Associates delivered at your doorstep. Anytime. Anywhere. (905) 815-3433 JOHN REITER expert on call. They're oven accseeiblc by pager and cellular phone to be sure that you can get in touch with them at all time. Anytime. Anywhere. Let TD bring the perfect: mortgage to you. Call John Reitcr today at, Get into this newer townhome with a low down payment. There is even 5 appliances. Available December. Ian 8‘ Linda Darroch Surrounded by towering trees. This beautifully upgraded home has spectacular white kitchen With builtâ€"ins, 2 FP’s den more Ian 8; Linda Darroch The kitchen open onto the family room which overlooks the huge private garden. Loaded with extra’s Ian 8: Linda Darroch Call