The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

* onditions were favorable in 1993 for firstâ€"time home buyâ€" A ers, according to the 1993 Canadian housing statistics publicaâ€" tion, released today by the Canada Mortgage and Housing Corporation. Their ability to buy was enhanced by mortgage interest rates at their lowest level in nearly 30 years and home prices holding steady in most areas of the country. Canadian Housing Statistics is published annually and is designed to bring together data relating to houseâ€" building and mortgageâ€"lending activiâ€" ty in Canada. Most of the data are derived from the from the operations of CMHC and from Statistics Canada. However, despite favorable interâ€" est rates in 1993, new housing conâ€" struction was down 7.6 per cent, mortgage lending declined by 14.8 per cent and the value of those loans was 13.6 per cent lower than the preâ€" vious year. Since federally insured mortgage approvals were up 12.8 per cent over the same period, the reduction was ‘93 good for buyers Neutral decor. Only $136,800. MARILYN WYKES®* 847â€"3030 OR 844â€"9859 BERN CROWLEY* 847â€"3030 MARILYN WYKES* 847â€"3030 OR 844â€"9859 solely in the area of conventional mortgages. Chartered banks accounted for almost 60 per cent of the institutional mortgage lending on a dollar basis in 1993. Trust companies were next at 20 per cent, followed by loan compaâ€" nies at 9 per cent and life insurance companies at 6.5 per cent. Statistics Canada‘s New House Price Index rose by 1.3 per cent in 1993 after two years of relatively litâ€" tle growth. Land costs, primarily in Vancouver and Victoria, are responsiâ€" ble for the increase. The construction cost component rose by only 0.8 per cent as sharp increases in lumber prices were offset by moderating labor costs. With regard to other housing costs, the rent index rose by 2.2 per cent while the home ownership component rose by 02. per cent. Within the home ownership index, there was a 4.9 per cent decrease in the cost of carrying a mortgage while property taxes and insurance premiums rose by 7 and 4 per cent respectively. $449,000. MARILYN WYKES®* 847â€"3030 OR 844â€"9859 AUDREY NEILL* 847â€"3030 OR 827â€"6977 AUDREY NEILL* 847â€"3030 OR 827â€"6977 EME Pm oi ME Eie Mn RMKEE:YIX" pROFESSIONAL SERVICE (905) 270â€"2000 Associate Broker Glen Abbey relocation. Premium lot sze + 10 rooms + 2 full ensuite bths + quality ceramics, hrdwd firs, Florida lighting = 1416 Stonecutter Dr. Call BERNETIA HOTRUM* 844â€"2950/825â€"8945. _ _ _____ Immaculate 4 bedroom family home, upgrades thruout, convenient to schools parks, flexible possession. $279,2900 ELA LOWES* 844â€"2950/820â€"8530. Downtown. IOLA BUTTERY** 844â€"2950/844â€"4611. Impeccable 3 bdrm. townhouse front uiet spur, and bocl% 2â€"store etached dwellings. $143,200. CLIFFOR DEATHE* 844â€"2950/827â€"4587. $259,000. Just north of Coronation Park. 3 Bdrms. main fir. fam. room. Hardwood. Good broadloom. Inground heated 1. 2 F/P‘s. Rec. m. t. possession. OLA BUTTERY** 844â€"2950/844â€"4611. $309,900. on a lot 100 x 150, new furâ€" nace, central air, F/P, hardwood. Eatâ€"in kitchen. IOLA BUTTERY** 844â€"2950/ 844â€"4611. $459,000. Heritage! Location! Location! Property 104 x 104. 4 bdrms. 10‘ ceilings. $419,900. 3400 square feet of quality. Premium lot, many extras! A must to see! Lot 150 x 100. Make an offer ! IOLA BUTTERY** 844â€"2950/844â€"4611. STUNNING! O Q;I’ RALPH F. McCORMICK kfl and Associates Ltd. Realtor $299,900. Lovely 3 bedroom bungalow, large 79 x 150 lot, breaktastâ€"room addition with skylight of modern kitchen, Finished rec. room with bar, 2 baths, mintâ€"condition.Many extras! PRIME EAST + OAKVILLE ATTENTION STARTERS POOL â€" SPA â€" SAUNA _ $109,900. immaculate 3 $299,900. Lovely 3 bedroom bedrooms. newer broadloom, large 79 x 150 lot, . ceramics, private treed patio, low reakfastâ€"room addition with . taxes. near Sheridan College Cute Cosy. New 2 bdrm. raised bunâ€" alow. Builders model home. $185,380. IM PITFIELD® 844â€"2950/849â€"5821. $795,000. On the lake! Elevatorl End unit! Main fir. fam. mml When you enter there is an aura of hospitality. IOLA BUTTERY** 844â€"2950/844â€"4611. Comer location with 5 car parks â€" retail/office/residential. Vacant possesâ€" sion. BEVERLY RANKIN® 844â€"2950/ 827â€"6839 Charming home near shopping schools has sep. Dr. 2 barms. on main fir. 2 more barmmns on LL. Mature private lot with large deck. BEV RANKIN® 844â€"2950/827â€"6839. Prime commer Lakeshore Rd. location. 3 stores 2 apartments. BEV RANKIN® has survey further details. 844â€"2950/ 827â€"6839. Freestanding building 1000 sq.ft. with 2 car parks. Excellent location. BEVERLY RANKIN® 844â€"2950/827â€"6839. DOWNTOWN C3R â€" $169, CE 1972°° near Sheridan Loliege URSULA STUCK (905)270â€"2000