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r‘Tid-biz' Dominion Life new strategies, appointments ln Group Division future activity will focus on the intermediate market for Group lite, health and pensions, although not exclusively so. The company intends to “...develop a superior force of field representatives and pension specialists, continue to provide com- petitive, tailored products and support the sales force with market-oriented systems," said president John Acheson. Responsibility for the Group Division goes to Bryce Walker, FSA, FCiA, ,newlt-appointtd vice-president, group marketing. He succeeds David Horman, FSA, FCIA, who is now vice-president, corporate actuarial. Other Group appointments include Cord Marvel. FSA, FCIA to director. pension actuarial services and Earle Tebhutt to director, group marketing administration. New strategies that call (or major changes and reorganization in Dominion Life's Indi- vidual and Group Marketing Divisimts were Announced this month. 1n the Individual Division of the company, separate Canada and United States marketing teams have been formed. "This change will bring sharper focus to our efforts by recogniz- ing better the fundamental differences in the needs of these two primary markets," said Acheson: "Thus, the product and service needs of each marketplace will be more aggressively and more effectively ad- dressed." VRlENTAL RUG AUCTION Brent Lemanski. CLU. has been appointed executive'offieer, individual sales and will head the US. team. Median home prices are less expensive Merv Morgans, CLU, executive officer, individual sales will head the Canada team. Both teams will have their respective Region- al Directors and product development re- sources, and each will embody marketing support functions. A major new study released by All. LePage indicates that in every major city. and almost every neighborhood surveyed, the 'median price of homes in Canada is thousands of dollars less than the much-publicized average price. "For the sake of statistical convenience. far too much emphasis has been placed on average prices," said David Higgins. vice- president and general manager tor All. Lepage in Ontario. "Consumers, particularly first-time buyers, have been led to believe that homes are much more costly than they really are. _ CALL '84 'qlll FASHION SHOW "C., The real estate firm surveyed resale housing statistics for May, 1981 in nine Thurs Sept_6-2:00 pm Fri. Sept 7-720trrn, d lat Umw'wv Ave , Waterloo 886-6 7 70 253 King St N, Go, Waterloo 886-2922 Approx 100 rugs will be available for pre- view from August 28 Auction begins Thom. Sept. 6 7:30 pm WESTMOUNT I N T E R I O R S 253 King St N MstoreFaatto_teMoorrat TrterashtonStxtTtturs ppm an: HOD!" thrert'atRoqAuctortnerrdooratWmtmourtthtertorsmu" 730pm INSTORE INSTORE lat Drums-iv“ Canadian cities and the may“: within each city. The results show median prices are anywhere from 81.00 to almost 323.000 lower than average prlcea. For example. In Toronto the median price of homes sold in May was ”0.000. almost 817,000 below the average price of $113.01». In some areas, over " percent ot homes sold for less than the average price. "In the phblic’s mind, the use ot the average prices is understood to describe a typical. middle-of-the-road home," sayrHiggins. "However, average price statistics do not represent this kind of home in most communi- ties because a few veryexttertsive homes will artificially force the average price higher." Higgins feels the median price more accurately describes the truly 'average' home in a given area because it is the mid-point of all selling prices. Fifty percent of homes sell for more than the median price and 50 percent sell for less. Average prices. on the other hand, are determined by dividing the total value of all homes sold during a given period of time by the total number of homes sold. However, there are more homes that sell for significant- ly more than the average price than there are homes that sell for significantly less. As a result. the average price is distorted higher. For further information, phone 886-1550 or 885-7234. MUTUAL LIFE AUDITORIUM Monday, September IO, 1984 4:30 - 6:00 p.m. Join with us in thanking our local athletes and coaches whose efforts contributed so well to Canada's finest Olympic results ever! F Car Cavalcade of . Olympians from Kitchener City Hall to Waterloo City Hall Along King St. MEET K-W’s OLYMPIAN S! Parking available in Mutual Life's Union Street parking lots. Refreshments will be served. Bring the family! A reception will be held in the Kitchener and Waterloo The Cities of invite you to Wheelchair accessible via Mutual Life's Caroline Street eiatrance. WATERLOO cm. WV. SEPTEMR s, I” - PAGE "