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P ) Residents , not talking _ 127th Year No. 35 Wednesday, September 2, 1981 Waterloo, Ontario 25 Cents at the Newstand â€"â€"SEE PA GE ke i liga Kruzinsâ€"Tobi won first prize for Summber Beauty, an arrangement of annuals, at the Waterioo Horticultural Society‘s Flower and Vegetable Show held recently at the Conestoga Mail. For a_report on recent horticultural society activities, see page 18. Kavies do }heir thing â€"â€"SEE PAGE 5 A PRIZE WINNER THIS WEEK INSIDE Georgia is our pick â€"â€"SEE PAGE 8 REALTORS SAY But prospects of sellâ€" ing a home where the ,buyer has to arrange his own mortga%e ‘"are not good at all," Frim said. Record rates spur selling By PHIL JALSEVAC More and more Waterloo homeowners whose mortgages are up for renewal are trying to sell their homes, according to a number of local realtors. In some cases, "they won‘t be able to sell it. They won‘t be able to keep it up. They‘li just have to walk out on it," according to Michael Frim, of Frim Realty Ltd. on Bridgeport Road. â€" Faced with recordâ€"high mortgage rates hovering around the 22 per cent mark, the homeowners feel they won‘t be able to meet higher monthly payments and are desperate to unload their property, if they can. ‘"‘"It doesn‘t look good," Frim said in an interview Monday. The realtor said "‘we‘ve had quite a few‘‘ people wanting to sell because they feel they can‘t handle the burden of higher interest rates on mortgages. ‘"In some cases, the payments just douâ€" bled,‘** he said. ‘"‘They‘re sort of panâ€" icking." For some, "the only thing you can do is try and get a cash buyer, andâ€" you don‘t find too many of them," he said. And in the scramble to find a buyer, the realtor said ‘‘what they‘re looking for in a lot of cases is just to get their equity out, just to break even â€" never mind making a profit." _ Mahlon Roes of Roes Real Estate Ltd. on Weber St. N. said Bruce is Expos‘ RBI King â€"â€"SEE PAGE 27 He agreed that peoâ€" ple selling homes reâ€" quiring new mortgagâ€" ing ‘"are very happy if they can break even." ‘‘there are some people who are having a few anxious moments.‘" But he estimated up to 40 per cent of those homes aren‘t moving. Roes said "I don‘t think 1 see a stamâ€" pede" of panicâ€"struck homeowners selling What does a university do when it keeps getting more popular with Ontario‘s high school students? That problem has become acute for Wilfrid Laurier University which will cut back on its freshman enrolment this year after many years of steady growth. James Wilgar, registrar at Laurier, said the university plans to admit no more than 1,215 firstâ€"year students this fall despite the fact that 5,502 have applied. And 1,785 of them put Laurier as their firstâ€"choice on the threeâ€"choice application form. \ Wilgar said admissions were cut off in the third week of July when the quota was reached, the earliest date in the university‘s history. ‘"We don‘t have the physical capacity to respond to the growth in applications, nor could we admit more students without harming our facultyâ€"student ratio and straining the dining hall, library and other facilities," Wilgar said. WLU cuts enrolment due to the cost of mortâ€" gage renewals, but he said there has been a definite increase in the last two months. Jacqueline Morin, president of the Kâ€"W Real Estate Board, said ‘"it‘s reasqnably prevalent‘‘ that people are trying to sell their homes due to the strain of higher mortgage payments. ‘"There is a (Continued on page 4)