Whitby Free Press, 3 Aug 1994, p. 3

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Whîtby has hîghest vacacyat Whitby's rate ie the Region. apartmnent vacancy highest in Durham DIràaw irarises $35»0O At least $3,000 was raised froni a.fundraising draw held by the Durham chapter of the Ontario Fibrositis Association.* Ron Shaw of Oshawa won first prize, atrip for two to Quebec City; Bob Kellar of Oshawa won second prize a trip for two to Ki11rneMÏfountaifl Lodge; AI Adair otÏ'Oshawa, third prize, a trip for two to Liochaven, Inn, Haliburton; Joy Paolozza of Whitby and Don Arseneau of Oshawa each won a trip for two to Niagara Falls. Fifth prize, shared by 10 eole,was an introductory igt sightseeing over Durham Region. Once the exact cost of trips bas been determined, a more precise figure of the aniount raised will. be known. Funds raised are used for research and to help local sup- port groups. A Canada Mortgage and Houe- ing Corporation eurvey of pni- vately-initiated apartment struc- tures with three or more unite shows. that Whitby had a vac ancy rate of 6.6 -per cent in April. The vacaiicy rate in Oshawa wae 3.3 per cent, 5.1 per cent in Clarington, 6.2 per cent for Ajax, Pickering and Uxbridge (com- bined), and 4.2 per cent for Dur- ham Region as a whole. The Whitbyr vacancy rate was five iper cent lower than the peak of 11.6 per cent in October 1992. At that time, that was by tar the hîghest vacancy rate of any municipality in t he region. The eurvey notes that there have no new private apartment buildings compled inthergo thus far in 1994. "In previoue yeare, rentai com- pletions consistedl almost solely of assisted housing,» states the 'Private rentai construction bas been neglible due te a high vavancy rate, relative high coste in relation te projected revenues and the availability of other in- vestment vehicles.» The report notes that the vacancy rate bas fallen due te, an increase'in rentai demand, sti- mulated by the fact there are fewer new aseieted rentai unite and there ie increased economic "On the other hand,* continued high levels of first-time home- buying have tended to limit the ~rowth in demand for rentai houeing." A further decline of the vacancy rate je expected in the next six menthe, as the volatility of interest rates slows the move- ment of tenants into homeowner- ship and only a- few private buildings are erected. B M AJAX wSw Van, -%Mr ROrARY CA$M CALMAR$ Gardens Begin. vrWhere Great !!!::i' LAKERIDGE. AJAX CORNER OF BAYLY BaW St E.- Box of 4 !i! NDAY 427»2525 OPEN SU .......................... With every windshie re lacement and this ad M A Whitby Auto Glass will donate $5.00 to the N WDEIG T O T O Whitby Courthouse Theatre. We challenge Whitby Merchants & Businesseý to MATCH OR EXCEED our challenge. JIý...,Contact Dave at 668-200 NAMEMiMR ON VOUR INSURANCE 1 DEDUCTIBLE WITI- THIS AD* Whitby Auto Glass uses an incredible new prooess to repair windshield stone chips.d Anid your insuranoe company.wiII waive your deductible on stone repairs to keep insuranoe cost down. 1013 Dundas St. E. TOLL FREE 1-800-668-9247 MOBILE SERVICE GUARANTEED WORKMANSHIP with most insuranoe companles with this ad at time of purchase. 1994) 1 Otto] J

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