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PAGE 12 â€" WATERLOO m_wmmv. JUNE 29, 1994 imb nds i ol mmaponeait enatiran o. 4 aw«mmxdy.-mmwdhmum mgit.wewwldbahmuoflbokinguwmdmnh:fitwwt more effectively. lnuwory.whent.heremfewerpmmu.thcewfllhe fewer staff and thus less cost. A proliferation of public officials gemnwsmufi:amtoaubm‘afiumdm budgetsv'l'nemrtberthespendingmt.horityfimzbomm ramng,dwemoreq;endmgwilloeun.lnwmknp'm.m employeesdupfiuuwhatisdmdyha‘ngdomanhmw level and/or provincial level. The staffing is thus multiplied (for example, planning staff). Since regional council does not collect usowntamshxtpaneeamlevywhhhthemunfiplfityml- munmpmdmmm-tu,mmimmumwm pohmalmdniflxhnl:ndthuhhory,wiflm- spend. One suggested alternative is to eliminate municipal governâ€" ments. There are many learned people who think that is what will ultimately happen. That would be tragic. The fact is the mmfipdhvdhwmmmwdlm or Waterloo The local government can celebrate the differences and provide peatetmuimhmfimd‘prdumthmcnamlm ment. Let‘s cite an example which in its simplicity makes the m&m-by!nmh(thomdh*iw- essary. Regional government would require the same headgear on everybody â€" let‘s say beaver hats. If Waterioo passed a bylaw requiring Toronto Blue Jay caps, Kitchener requiring bicycle helâ€" mets and Cambridge requiring 10 gallon hats, then I could move to the city which had the kind of headgear I prefer. My utility is increased. Authority ought to be in the government closest to the people for individual satisfaction to be maximized. Before regional government, policing was nonexistent in some parts of the region (relying on the OPT in special investigations) and welfare also was available only in the larger urban municiâ€" did not find much difference under regional government. Woolâ€" wich Township certainly had varying levels of services (dependâ€" mgmwbaumfived)andm'hwufihnmm did not lower the cost but rather raised the total cost. There were no economies of scale to be accomplished. Previous to regional government, if someone needed welfare they would move to Kitchener or one of the municipalities which provided it. . In the U.S., where regional governments do not exist in most states, the city core is often found to be rundown and provides fewer services than some of the richer suburbs. Yet it is often the city core which has the greatest needs. This leads to extra crime andothernagltinwnnqtmwrdthapfimemmph. The city has an unsavory reputation but there are many municiâ€" pahuesmchnGmuPdu,Duhwn.AhPtk.Romuhnmd other areas which are not poor and where people can live without ever venturing into the core. That is what urban blight is all about. Apaufidldtm‘vhitwihurbuwdthhtypeuto (Continued on page 14) Brian Vickers, Vice President (519) 88sâ€"6688 What will it cost to settle your estate? During your _ is important to you, then you must implement an estate retisement years, if is only logical that you will want to make planning strategy now. Midtand Walwyn has prepared a the most of what you have worked hard to accumulate. it is _ special Retirement and Estate Services report that provides inevitable that at some point you will begin to consider what _ valuable information on the major estate liabilities. If you‘d will happen to your estate at death. Many Canadians are not like a complimentary copy of "Estimating The Costs of aware that death may tigges various forms of extraoedinary _ Settling Your Estate", just call me, or my assistant Tina taxes and costs that can dramatically erode the value of your Gauvin, at our office in Waterloo and we‘ll be happy to put efle.l(d\cnmymlovedhâ€"mlihuld one in the mail to you today. Do you have a quession abos Warerioo, Oraatio N2J IP2 a, wee ssm es n eranefp ut 228 22 2sA e ae m anrnd n en on c3 your money wisely? Wrie w Brign Vickers clo Wareriou Chrunicle, 75 King St. S., Box 1000 ne/mAn Tw Ciy nowiy 7% "UC TCP 00 0 ud1 is and tha dsn 6 mmwmauhmmnwmmwnmmm left, Broker/Manager, _gp;‘wfy«mwmm.mw;m RE/MAX Twin City Realty Inc. held its grand opening of its second office last week located in the hisâ€" Director Member S Mortgage rates expecfed to come down â€" eventually here will be some tough choices to be made by consumers looking to buy homes or to renew mortgages after banks hiked mortgage rates across the board last week. Mortgage rates, which just five months ago were around 6.25 per cent for one year, have now soared to 9.5puu}irmm.dtol°.75pwcutfirn Don‘t worry gage at 6.20 per cent COSl $654.74 a month. Today, the same mortgage with a stanâ€" dard 25â€"year amortization costs $861.03 a month, an increase of $200 a month. However, there‘s no need to panic, according to Kitchenerâ€" Waterloo Real Estate Board president Jerry Peats, who said, "What goes up, comes Peats added that when the mortgage rates were dropping to the 6.5 per cent level, which was the lowâ€" est in over 30 years, many people still toyed with the idea of getting shortâ€"term mortgages, believing that the rates would even go lower. "It‘s very difficult to give specific advice, but if I was buying, I wouldn‘t lock in for a long time. My feeling is that the shortâ€"term rate is always the lower rate. So even if it goes up and you have a shortâ€"term rate it‘s going be somewhat lower," said Peats. At the same time, Peats added those working on a fixed budget, who can manage a 9.5â€"perâ€"cent mortâ€" gage, should lock it in as long as they can and hold on 2 2100,000 oneâ€"year mor. _ ‘People were just at 6.25 per cent cost valuable information on the major estate limbilities. If you‘d like a complimentary copy of "Estimating The Costs of Settling‘Your Estate", just call me, or my assistant Tina Gauvin, at our office in Waterloo and we‘ll be happy to put one in the mail to you today. getting use to the lower interest rates and now the bloody rates are going nmpnuuwfihfl!hmmhmbuwfitedmw that interest rates are up, while others will be slightly affected causing them to stop and think about their mortgage renewal terms. "It‘s business as usual for us (real estate agents). We‘ll do what we have to do as long as we have to do it and we can‘t let it stop us. It is going to slow us down and will have some effects, but I don‘t think they will be lasting effects." en h n en i d in Pre M are very worried about their 'mu' increase in monthly mortgage payâ€" est rates w o m on t o io .m the bloody rates are going up m again," said Epp. s "It‘s really disheartening to the in. Miaptane Sw ol nige SA tainly to the real estate market." â€" Herb Epp Epp added that real estate agents are feeling the effects of the higher rates as well. Many potential buyers have cooled off, which means fewer sales and fewer jobs. ‘The other drawback is the reduction in sales of home appliances such as stoves and refrigerators. "It has a domino affect." Epphnnodouhthutbru-wfldlz‘mb“t the decrease in rates won‘t be as rapid as the increase. "When it goes up, it goes up in big jumps. When it comes down, it just whimpers. It takes a day or two to go up one and a half to two per cent, but it takes months and months to come back down." Driving the market, which two months ago hit record sales, were new and resale properties in the $130,000 to $150,000 range. However, the sales increase was also felt in the upper $250,000 to 1 BLUE CHIP THINKING is a trademark of Midiand Walwyn Capital inc. s LV EC EP THINKING®