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Housing starts expected to rise in ©94; ‘‘‘‘ 20% increase projected for Ontario in 1995, reported Canada Mortgage and Housing Corporation (CMHC) in its firstâ€" + quarter National Housing Outlook. Total starts for 1993 were 155,443. "Economic expansion, a E ousing starts are expected to total 162,600 units in y 1994, and rise to 171,000 : stronger job market and low interâ€" ' est rates will help boost Canada‘s E housing industry over the next two years," observed Gilles Proulx, CMHC‘s Chief Economist. "However, these positive factors may be offset somewhat by smallâ€" er than expected population growth, reducing demand for newâ€" house construction. An overâ€"supâ€" ply of rental apartments in some areas will also slow the pace of recovery." Much of the gain will come from the construction of singleâ€" detached homes. The singles marâ€" ' ket will benefit from the return of p repeat buyers who will be motivatâ€" t y C on ie 20 JOHNSTON 8. DANIEL Mcb ce Ne ed by the economic recovery and affordable prices. Multiple starts in 1994 will edge up only slightly. High vacanâ€" cy rates in most urban centres will put a damper on construction of new rental units. The average national vacancy rate is expected to shrink to 4.6 per cent in 1994 from 4.9 per cent in 1993, and to 4.0 per cent in 1995. Resales should increase The resale market will increase by more than 4 per cent this year and close to 2 per cent next year in response to greater affordability and stronger employment. Total resales through the Multiple Listing System are expected to reach 315,300 units in 1994 and 320,800 units in 1995. Price increases, both for new and existing houses, will remain minimal this year. Resale home prices will climb 4.1 per cent to a national average of about $160,000 in 1994. New home prices will rise "" o e only 2.0 per cent this year and 2.8 per cent in 1995 in an effort to compete with the resale market. Ontario will take the lead this year with close to a 20 per cent increase in new home starts as job growth picks up. Housing starts in Quebec are also projected to increase, but moderately this year, _ for the first time since 1988. Construction _ in Columbia will be held back by land supply constraints and cauâ€" tious lending practices. Alberta will experience a downward adjustment due to lower demand this year. Stronger demand for sinâ€" gle housing from moveâ€"up buyers in Manitoba and Saskatchewan will stimulate these markets. New construction will decrease in the Atlantic provinces with the exception of Prince Edward Island. A slowdown in the multiples marâ€" ket will be primarily responsible for lower construction in the Atlantic region. L PM ET ED 299 Lakeshore Road East, Oakyville â€" 844â€"6061 ki 2 oc e â€"CZcacse British _ Oavi[[e fl{ed[ Estate IAN OLIVER Publisher Director of Advertising Bob Glasbey Real Estate Manager ©Glynis Wilmotâ€"Martin Published by: The Oakville Beaver 467 Speers Rd. Oakville, Ont. 845â€"3824 Fax: 845â€"3085 Advertising is accepted on the condition that, in the event of a typographical error, that portion of the advertising space occupied by the erroneous item, together with a reasonable allowance for signature, will not be charged for, but the balance of the advertisement will be paid for at the applicable rate. The publisher reserves the right to categorize and reject advertising. In the event of typographical error, advertising goods or services at the wrong price, goods or services may not be sold. Advertising is merely an offer to sell and may be withdrawn at any time. Produced on behalf of the Oakville, Milton and District Real Estate Board. p6et ‘ge ‘ge4 ‘Aepseupam ‘elimyeo oy1. jeoy â€" g afe C O DE Selfâ€"sufficiency through literacy in the developing world HELPING THE WORLD WRITE NOW For information, call 1â€"800â€"661â€"2633 JOHNSTON ROFE A L T O R DANIEL LIMITED® REALTOR . LOCATIONI!! 42 COLONIAL $575,000. Updated 3 bedroom bungalow on a breathtaking lot with plenty of tall trees, waterfall, fish pond. EDNA KING* 844â€"6061/845â€"2617 PARK LIKE LOT + TENNIS $579,000. 2 Storey, 4 bdrm., downtown, impeccable decor, 4 bathrooms, sauna, large formal dining room, breakfast room. EDNA KING* 844â€"6061/845â€"2617 5508 CEDAR SPRINGS RD. $375,000. Custom built biâ€"level ranch with inâ€"law suite. Stunning setting on 2.7 acres, 2 ponds outbuildings. SUSAN FLYNN* 844â€"6061 20 SPEERS ROAD CONDO $100,000. Estate sale, 2 bedrooms + den in well maintained building. Walk to shops and "GO" train. Vacant. FORD O‘BRIEN®* 844â€"6061 ..... QUIET CRESCENT $163,900. Very attractive semi with lots of upgrades. Mature pie shaped property. Finished basement. SUE TOMPKINS* 844â€"6061 OLD OAKVILLE â€" PERFECT PETITE $179,900. Charming bungalow with hardwood floors, knotty pine kitchen, fireplace, large deck garage. SUE TOMPKINS* 844â€"6061 A SHOW PLACE FOR YOU $789,000. 5 Bdrms., 4 baths, 2/3 acre mature trees. East, south of Lakeshore. Inground pool, completely renovated. EDNA KING* 844â€"6061 COUNTRY LIVING IN TOWN Country style home on private 1/2 acre lot. Main floor fam. rm. Oak strip floors, fin. bsmt. Only $309,000. SUE HODGE* 845â€"6164 ALL SET FOR SPRING!! $212,500. 4 bdrms. on top level, new furnace, air cond., large kitchen, screened porch, cozy finished rec. rm. MO CONNELLY* 844â€"6061 EXECUTIVE TOWNHOME $299,000. Located in historic Bronte Village. Upgrd. cust. built, marble floors, cir. oak staircase, security, 60 oz. carpet. MUST SEE. SHARON McINTYRE* 844â€"6061 EXECUTIVE CONDO â€" BRONTE $225,000. Luxurious condo with views of lake and creek, Huge living/dining area, master bed. with jacuzzi, dble. garage. MO CONNELLY* 844â€"6061 PRIME FOR RENOVATIONS $157,900. Close to harbour downtown. 1 1/2 storey with 60‘ frontage. Estate property â€" sold as is. Call now. CLAUDETTE SMITH* 844â€"6061 REDUCED â€" RIVER OAKS $199,000. Fabulous end unit in lovely small complex on ravine, 2 car garage, finished basement, 3 + 1 bdrms., f/p, cent. air. BEV ELLIS* 844â€"6061/845â€"2388 NEW PRICE E $198,000. Lots for your money! 50‘ lot, 3 bdrms., family rm. with fireplace, large kitchen, double. garage. Close to good school. ANN SINGLEHURST* 844â€"6061 SPECTACULAR VIEWS CORONATION PARK $429,900.â€"$489,900. Lux. freehold townâ€" $3,500/mo. â€" $474,500. Beautiful home homes to be built in Old Oak. Spac. grac. private mature lot in Bronte. Steps to ofooking creek. roof terrace greenhouse. schools, boutiques lake. B. NEWELL*/M. CONNELLY* 844â€"6061 BEV ELLIS* 844â€"6061/845â€"2388 ,,,,, ...... .....