Ontario Community Newspapers

Oakville Beaver, 18 May 1994, p. 32

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and rental housing sectors led to higher housing starts in April 1994, according to Canada Mortgage and Housing Corporation‘s Toronto Branch Office. Increased housing demand and better weather are responsible for the improveâ€" ment. Increased activity in both the homeowner Housing starts totalled 1,850 units for the Toronto Census Metropolitan Area (CMA), a 26% increase from the 1,471 units recorded in April 1993. The seasonalâ€" ly adjusted annual rate (SAAR) for the Toronto CMA was 18,600 units in April 1994. This followed the 15,900 SAAR recorded in March. "After a weak start in January, Toronto housing starts have been making a steady recovery," said Willard Dunning, Senior Market Analyst at CMHC‘s Toronto Branch Office. "Builders have been recordâ€" ing steady growth in new home sales since last fall. April‘s housing starts figures indiâ€" cate that those sales are now being translatâ€" ed into construction activity and construcâ€" tion jobs." The majority of housing starts are built for home ownership. In April, this amountâ€" ed to 1,453 units, 18% more than in April Higher April starts | Domwe Countrywide 338â€"6550 TOWN CENIRE REAL *Sales Representative . **Associate Broker ***Broker 3+ 2 barms., close to schools, 2 kitchens, separate entrance to basement. Preferred location, 2â€"bdrm., 2 bath, 2 parking., appliances, pool more. Facing Georges Square Park. Full of harm Character. INâ€"LAWS WELCOME 1993. Singleâ€"detached homes contributed 975 units this April, equivalent to a SAAR of 10,200. The remainder of the homeownâ€" er starts were semiâ€"detached and row homes. Rental housing starts totalled 397 units. Of these, 387 units were assisted housing. Dunning concluded, "In the spring of 1994, home sales have been exceptionally strong, in both the resale and new homes arenas. Initially, this was due to a very good level of affordability â€" monthly carrying cost for an average home has been at the most affordable level since the early 1970‘s. Homeownership is now accessible to households with incomes in the $40,000 to $50,000 range. More recently, increases in interest rates have encouraged buyers to act quickly and take advantage of preâ€"approved mortgages. These strong sales have enabled builders to fill their order books, and we can expect to see improved housing starts during the summer months. For all of 1994, CMHC forecasts that Toronto CMA starts will increase by 11% over 1993 levels." Nationally, housing starts rose to 158,000 units (SAAR) from the revised 149,200 SAAR recorded in March. Freshly painted thruout. 2 bdrms., 2 baths Immediate possession. 4â€"bdrm. raised bungalow with walkout from ground level. Rec. rm. Inground pool, privacy plus! Numerous upgrades. Please calll DALE ATHAY* 338â€"6550 SUPER LOT LOCATION 280 North Service Road West Oakville Ontario LGM 285 Office Hours: Mon.â€"Fri. 9â€"9, Sat. 9â€"5 66 Acres + 7 Acre Pond, 2 Rivers, Large Stone Home, 5 bedrooms, 60 ft. Florida room, inground round pool. Close to 401. North of Campbelville. 2400 sq. ft. ranch, separate garage workshop. 1 acre. Super value! Beautiful spacious Mattamy *"Gloucester". Approx. 3,200 sq. ft 96 acres prestigious north Burlington. Century home. Great potential investment Private East Oakville. Fully coagma Court location. A Gem

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