Real Estate: The Oakville Beaver, Thursday, December 29, 1994 â€" 4 Plastic furnace vent warning to consumers the trades names of Plexvent, Selâ€"Vent and Ultravent are printed on the joints and tubes. Plexco produced black pipe with clear amber (yellow) fittings. Plexco Plexvent is printed on the pipe in red letâ€" ters. Hart Cooley manufactured grey pipe with Hart Cooley Ultravent printâ€" water heaters and boilers. ed in white on the pipe. Selkirk made The Ontario New Home Warranty black pipe with the word Selâ€"Vent on the Program (ONHWP) and the Ontario pipe. Home Builders‘ Association joined forces Possible signs of leaking joints or to issue an alert to all registered builders â€" cracking include water leakage near the advising that various types of plastic vent, stuffy or humid air and strange vents have been banned by the Ontario â€" odors. Ministry of Consumer and Commercial ONHWP recommends that homeownâ€" Relations. ers with any of the three plastic vent sysâ€" Plexvent, Selâ€"vent and Ultravent ventâ€" tems contact their builder immediately ing systems can no longer be sold or and have the venting system checked by installed in new homes after the technical _ the installing contractor or another qualiâ€" standards division of MCCR found joints fied heating contractor. are separating and tubes are cracking on Builders who incorporated any of these plastic venting systems. these systems into houses they constructâ€" Faulty vent systems allow the escape ed are responsible for contacting an of carbon monoxide into the house. â€" installer certified by the Fuels Safety Exposure to this colorless, odorless, poiâ€" â€" Branch of MCCR. Repairs and installaâ€" sonous gas can cause headaches, nausea â€" tions of the vent systems must be comâ€" and in extreme cases, death. pleted by an installer who has completed Concerned homeowners should examâ€" ine their heating ems_ to determine i > ew homeowners to inspect their N furnace and ensure it is functionâ€" . ing safely following the warning from the Ontario Ministry of Consumer and Commercial Relations‘ (MCCR) about malfunctioning plastic venting sysâ€" tems of certain midâ€"efficiency furnaces, LIST YOUR KOME WITH ME, se _ â€"p anuary is a super time to list your home: * * You are on the market with the least amount of competition. The majority of people "thinking" about it, won‘t do much about it until March or April and historically, February is one of the peak months for real estate sales. * Winter prospects are more serious buyers â€" No one gets the urge to "look around" in the cold weather. * Commuters get "weary" of that extra drive to the "West" and tend to become more serious about moving "East" to Oakville in winter months. * Reports from some economists are predicting interest rates will drop in the spring. When they do, you will be in a prime position for the influx of buyers who will come out of the "woodwork". I have a competitive commission package which includes Top Marketing Techniques. Don‘t delay. Call me today. You will be glad you did! e 1 wl WITH EXPOSURE TO OVER Sales Representative Member 100% Club JUST LISTED â€" SOUTH EAST $405,000. "Newer" home on large mature lot in S/E Oakville. This is a rare find indeed! Wonderful floor plan, incredible bathrooms, gourmet kitchen, main fir. fam. rm., comâ€" pletely finished lower level with lovely 4â€"pc. washroom, sitting room, private entrance to lower level, fabulous pool on mature lot 150‘ deep. To view call GAIL BIRD 842â€"7000. ENNISCLARE PARK BUNGALOW $449,000. Pretty three bedroom bungalow @ with main fir den, exceptionally bright home with large windows, fin. lower level, private mature lot. Fabulous location in the S/E. To view call GAIL BIRD 842â€"7000. i EAST END EXECUTIVE $439,000. Great family home on excepâ€" g tional, mature lot, short walk to seven schools, parks the lake. Features 4 bedâ€" rooms, new baths, update kit., FULL WALKâ€" @ OUT to lovely gardens. To view call e GAIL BIRD 842â€"7000. +o4 t encountered, homeowners should contact their nearest ONHWP Regional office. If a furnace or water heater is rented from a natural gas utility, homeowners should arrange for an inspection. The utilâ€" ity company is responsible for repairing or replacing the defective venting system. ONHWP has outlined various options available to builders who must deal with plastic vent system failures in homes under construction and homes still to be built. Builders are responsible for the first two years of the warranty and ONHWP may be responsible for the remaining warranty period. ONHWP considers these system failâ€" ures as potential major structural defects. According to the Ontario New Home Warranties Plan Act, a major structural defect is defined as any defect in materiâ€" als or workmanship that results in the failâ€" ure of a loadâ€"bearing part of the home‘s HOHle OWIICI' Ship structure or, any defect in materials or 6 good investment ~ J hile today‘s unique set of circumâ€" Vs / stances offer terrific opportunities for people looking for a place to call "home", getting into the market is also an excellent way to invest: workmanship that affects the use of the building as a home significantly. Homes enrolled in ONHWP before January 1, 1991, are protected against major structural defects for five years. Homes enrolled after that date are covâ€" ered for seven years. For further information about plastic venting systems call the MCCR‘s Technical Standards hotline. For English inquiries call (416) 234â€"6008. French inquiries can be made at (416) 234â€"6028. The three plastic venting manufacturâ€" ers in question have also set up informaâ€" tion hotlines for homeowners and conâ€" tractors. Plexvent: 1â€"800â€"218â€"7132, UlItravent: 1â€"800â€"499â€"1609, Selâ€"vent: 1â€" 800â€"267â€"8178. ‘,uy 467 Speers Rd 2 8459180 Miller Real Estate Ltd. PAT (HAT) TAPIA* Sales Representative 849â€"7381 Q In general, home owners‘ shelter costs are higher than those of renters for several years following the purchase of a home. But over time, rents rise with inflation, while the main component of home owners‘ costs (the mortgage payment) stays relatively constant (except when interest rates rise). Over the long term, then, owners‘ costs are lower. Q For the future, it appears that home ownership will continue to be a good investâ€" ment, even in a low inflation world. An analyâ€" sis based on an assumption of 2% inflation in the future indicates that, after 20 years, owners may have a net worth of $50,000 greater than renters. After 30 years, that worth jumps to $167,000 greater, as long as house prices increase at the same rate of inflation. $975. "RENT OR BUY AT $118,000. 4 appliances included, partially finished baseâ€" ment â€" 3 bedroom, very large kitchen â€" with walkâ€"in from garage. PAT (HAT) TAPIA* Q Even house prices don‘t increase at as rapid a rate as inflation, owners still have an advantage in terms of total net worth comâ€" pared to renters after several years. At a 1% annual increase in house prices (versus 2% general inflation), the owners‘ net worth is still $115,000 greater than the renters after 30 years. Even at zero inflation, the owners‘ net worth is still $75,000 greater than the renters after 30 years. $349,000. REDUCED N/E OAK Premium size location â€" Ravine, walkâ€"out basement, finished with bathroom, approx. 3,800 sq. ft. Great opportunity. PAT (HAT) TAPIA* The Very Best Way To Sell Your Property MULTIPLE _ LISTING SERVICE