Whitby Free Press, 22 May 1991, p. 15

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New hoMe salescotinue 'on steady .Course, TeUreIt-tUMe auyer continues, to drive real -estate activity, as> sales of -new homes iJn- April' totalled 1,908, more, than til the, 590 sold during the" saie müonth Iast year, said David Keezýan, pei et of the Toronto Home- Buiders' Association, (THA).- Kéenan saidApril sales 'were down froni'March, 1991, .ýwhen 2,411 new~ homes were sold, but- he attributed . ý the monýth-over-month 'drap, to the fact 'that fewer projects were introducedt t the inarket during Duigthe first four months, of 1991, 6,702 sales, were, recorded, up 157 per cent from' the 2,612 homies sold during the sarhe period last year. By camparison. only 8,692 new homes were sold inalil of 1990., "The light at tfhe end of the tunnel we alluded ta, earlier this year is-getting much brighter. Spurred by a downward trérid in interest rates, a real-estate recovery 18 definitely forming, although a couple more monthe of economie grawth is needed befare we 1 clebrate vwith ..any enthusaism," said Keenan. "We are,- however, encourageti by thrée natable advances. The number df sales of new homes priced above ,$250,O00 has increaseti, activity i the condominium ,.sector bas expandt" significantly, andi record sales are, being reported, by. Toronto., builders active in autlying ameas," ho saiti. Keemnan .said first-time home buyers.continue ta ho a, magor force in thie'market. >"A 'HMA seminar -on" how, to buy your first home attracted more. than 1,000 people last month. A waiting list of more than 500 people has prompted us ta repeat the two-hour seminar on May 28y" he said. >Housing Data Report, prepareti by Brethour Research Associates for the THBA, stated that April sales consisteti of 1,490 freehold» homes (78 per cent of markoet) anti 418 condonminiums (22 per cent). Of these 418 condoniinium sales, 49 per cent (206) were ta.wnhomes. Condominium sales were more than four times the 97 sold ini April, 1990. TaWnhomes -- both freehold and. condo' -- madie up 16% (305) rîl saes thisea TeWst regian, led inifreehold sales with 710, followed by North, 517,easti 202 and Central, 61. inMissssauga agan set the Pace ithe West region with 521 sales', fallowed by Brampton with 99, Oakville with 49 anti Burlington with 41.< Newmarket led the .North reinwith 157 sales, followed b Richmont I 111, 113, TharnPil 106 andiWoodbidge, 48. Pickering'.toppeti alEast locations with 64-sales, followed bY WhitbY, 55, Ajax, 42 and Oshawa 41. In the Central region, Scarborô anti Etébicoke recorded 32 anti 28 sales respectively. The West region led al areas in, condominium sales with 261, follawed by Central, 110, Northi, 45 and East 2. Misisagto a l areas with a, remûrlcabe2O71 condo, sales, faibowe y b Toronta, 90,' Bramnpton, 28, Burlington, 21, Newmarket, 21,-'Anrora, 13, North Yoek, 1Ï,, Scarbor, Thornliill, %, and Oakville,5. The Tarnto Home Buüies Association -was éstablisheti in 1921 andi bas1 more than '870. member companies, repesenting builder! reavtr evelopers, financial, profiessional, suEpply/ service anti sub-contractors and' 18 the largest affiliate of the Ontario anti Canadigtn. Home Builtiers' Assocations'. ~'SUNSHINE IMPATIEN \Loaded with Buds & Bloom Ideal for bright sunny lcations. Issos of colourful blooms nd varigated Ileaves mak Ihese ideal* accent plants. 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Available ln shadeweave or breatfmaster falrbc. Q il PIECE SET 4-.»5 position chairs « 1 - 7 1/2' canopy 4 - chair cushions top umbrelia 1 - 62" aval resin table 1i- umbrella base reg~. 49920 ».. WAAN y S lESTA 4POSITION STACKING CHAISE -White resin with concealed wheets for easy movement -High glass finish -76' tond WHITBY 1243 Dundas St. E. W. ôf -Thickson Rd. OSHAWA 300 Taunton Rd. E. Ritson & Taunton OPEN I g Whute, Rpse n'WF-DNESI)AY, M&Y 22.1991. PAGR 1ru LO

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