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ancouver ‘s averâ€" age price for a new single home will hit a record of $480,000 in $480,000 in 1994, almost six times higher than the nation‘s lowâ€" est average price of $81,000 in Chicoutimi. Record housing prices in Vancouver Markets, which reports on the housing markets in Canada‘s largâ€" er urban centres. For resale homes, the highâ€" est average price will also be in V a nc ouver, $368,000 versus the lowest averâ€" age price _ of $73,500 in Troisâ€" Rivieres. The 1994 forecast of major The forecast of average house prices was released recently as part of Canada Mortgage and Corporation‘s IMMACULATE LARGE TOWN HOUSE 1,650 SQ. FT. plus finished basement. On popular Margot St. in River Oaks. 3 BR., 1 full, 2â€"1/2 baths. C/A. New popâ€"up taps through out. Newly decorated. Close to Rec. Centre, school, bus route. Lots of mirror doors. A must see for $170,000. Compare Aug 31 close. Please no agents. Call to view GARYâ€"NORMA 849â€"6593 sutton groupâ€" people properties inc. AN INDEPENDENT MEMBER BROKER To View call associate broker (905) 844â€"5000 (416) 329â€"5193 markets also shows most cenâ€" tres will continue to struggle to pull out of the downturn which started in the early 1990s. "Sales of existing homes will recover only two : per‘ cent after dropping eight per cent in 1993;" says Daniel Guerrette, senior â€" market analyst for local markets at CMHC‘s Market Analysis Centre. Guerretite added that housâ€" ing starts will continue to slip across _ major urban markets, although they will decline by only one per cent this year, comâ€" pared to a drop of eight per cent in 1993. this difâ€" fers from forecasts a one Housing Outlook (NHO), which Fantastic home! Unique, cathedral ceilings, 2 fireplaces, huge rooms for entertaining. Treed lot. Detached brick home, Glen Abbey Fenced lot. Immaculate. No condo fees, garage. Finished basement. NORTH OAKVILLE $145,900 OVER 2800 SF $259,900 per cent upturn in starts nationalâ€" ly, due to faster growth in smallâ€" er towns and cities. Starts will decline in the major centres because of a drop in rental construction. The bulk: ~ off~ the decline is> in urban centres west of Regina which will see a combined drop of 11 per cent. Meanwhile, resale activity will rise as a result of demand in many midâ€"sized central Canadian marâ€" kets. Stronger demand resulting from faster e m p l o0 y m e n t growth is the key factor in the folâ€" lowing markets: S herbr o o ke (resales to rise 18 ‘per cent), Sudbury (13 per cent), and Windsor (8 per In â€" Toronto, starts will rise 10 per. cent after falling: 25 per cent in 1993. the upturn in Toronto and other centres is being moderated by the recent rise in interest rates. cent). Housing Markets also features an article on "grow home" buyers in the _ Montreal area. Grow homes are small units which offer a solution to urban affordability This edition of r o bl e m s 3 bdrm. condo townhouse with w/o from rec. room to backâ€" yard and park. MBR has two double closets and a semiâ€" ensuite bathroom. Delightful eatâ€"in kitchen is bright and cheery with lots of windows and plenty of cupboards /7 . Freehold townhouse in popular North Oakville neighbourhood. Near schools and transit. Large deck off living room. Overâ€"sized semiâ€" ensuite bathroom.Wall to wall closet in MBR Mortgage credit rises esidential mortgage credit increased Rby almost two per cent in the first .quarter of the year compared to 1.2 per cent in the fourth quarter 1993, reports the latest edition of Mortgage Market Trends, released recently by Canada Mortgage and Housing Corporation. "The first quarter activity supports our overall projection of 8 to 9 per cent mortgage credit growth this year," stated Marc Pellerin, CMHC‘s capital markets economist. "While the first quarter growth reflects a stronger resale market and higher average prices, the pace of mortgage credit growth remains modâ€" est." While lending activity accelerated during the first quarter, secondary market activity slowed. New issues of NHA mortgageâ€"backed securities (MBS) totalled 73 pools valued at through the ecoâ€" nomical use of land and materiâ€" als and through low maintenance Bungalow with addition provides lots of space for expanding family.Huge 127x623‘lot.Almost 2 acres.Located south of Hwy #5 in Burlington. Must be seen to be fully appreciated fl/ d MAKE HoOUSE (905) $45â€"9180 SALES REPRESENTATIVE The study shows grow home buyers could not have costs. C Elegance and quality in fully renovated 2 storey, 4 bdrm home plus duplex w/1 bdrm. each. 285 ft. lake frontage plus 2 orchards and a pond. Charm and character abound. /7 . _ Fenced backyard features mature trees.3 bdrm bungalow has been freshly painted. Near schools,transit and shopping $720.5 million. By comparison, 98 POPIS totalling $1,571.3 million were issued during the last quarter of 1993. The decline in activity was mainly in the single residential unit pools, (more home buyers selecting less expensive shorter terms rather than fiveâ€"year mortgages) during the first two months of the year. The pace of new MBS issues is expected to pick up during the second quarter. Generally, refinancing a mortgage loan is believed to be profitable when mortgage rates drop by at least 2.5 percentage points. However, the difference may in fact not need to be this high. Under certain circumstances, fiveâ€"year mortgage rates must decrease by at least 1.5 points by the third anniversary of a loan for it to be worthwhile to refinance a $100,000 NHAâ€"insured mortgage. purchased a home if this product had not been available, and that their housing needs can be addressed without federal or â€" provincial assistance.