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ols We inb iltin io. s c '- R oo 1993 was a good time to buy a home labor costs. : onditions were favorable in 1993 for firstâ€"time home buyers, accordâ€" â€"ing to the 1993 Canadian housing statistics publication, 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 pubâ€" lished annually and is designed to bring together data relating to houseâ€"building and mortgageâ€"lending activity in Canada. Most of the data are derived from the from the operations of CMHC and from REALTY CORP Statistics Canada. However, despite favorable interest rates in 1993, new housing construction 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 previous year. Since federally insured mortgage approvals were up 12.8 per cent over the: same period, the reduction was 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, folâ€" lowed by loan companies at 9 per cent and 67 Lakeshore Rd. W. f\ 3389000 lently owned and operated ud LILIANA GONIN | 1sS Ee EXECUTIVE LAKEFRONT +$1,117, 'Superb Eos'r Oakville" location. eQOver 1/2 acre on lake. . «One owner, custom built : »Architectuadlly designed. «Over 3,600 sq. ft. of quality tranquility. eSpectacular view from most windows Call LILIANA GONIN 338â€"9000. QUALITY BUNGALOW «Beaqutiful large treed lot. *3 bdrms. plus inâ€"law suite. eNew roof and new windows. . «Convenient location. . Call LILIANA GONIN 338â€"9000. GREAT VALUE +$249,900 «Superb location in Wedgewood Creek. *eMain floor family room. eNewly decorated throughout. «Finished lower level â€" fireplace, bar. «Open staircase to lower level. Call LILIANA GONIN 338â€"9000. PRIVATE RAVINE LOT +$289,900 «Large immaculate family home. «9‘ cellings on main floor with cornice mouldings. *Inâ€"law suite with separate entrance. Call LILIANA GONIN 338â€"9000. GLEN ABBEY *Premium pieâ€"shaped fully fenced lot. «Large master with jacuzzi and bleached oak in ensuite. floor family room. «Ceramic tile in hall, kitchen baths. Call LILIANA GONIN 338â€"9000. CALLING ALL SINGLES *$184,900 *Executive townhouse. «Large master bedroom. «Main floor family room with fireplace. «European eatâ€"in kitchen. Call LILIANA GONIN 338â€"9000. 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 little growth. Land costs, primarily in Vancouver and Victoria, are responsible for the increase. The construction cost component rose by only 0.8 per cent as sharp increases in lumber prices were offset by moderating 'gzéoatamemcow Monika Blewett fi@%fi%%fifi!fl'fll."fllllIIIIIIIIII 7 842' WALK TO LAKE * $249,900 Spacious 3 BR semi * Fabulous private lot * Must be seen Call MONIKA BLEWETT 842â€"7000 Momka Blewett Countrywid 829â€"3221 IMMEDIATE POSSESSION!!! $214,900!!! 3 Bdrms, family . room w/fireplace. â€" Large _ Eatâ€"in kitchen. Cent. vac. Close to schools, shopping and transportation. NICK BELLISARIO N.E. OAKVILLE!!! $294,900!!! 4 bdrm executive home in Wedgewood Creek. Open Staircase to basement. Cent. air, cent. vac., intercom, close to all amenities. NICK BELLISARIO 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. * $175,900 Attractive 3 BR bungalow * Central air , 2 baths * Parkâ€"like setting, privac Call MONIKA With regard to other housing costs, the p66t ioz Ainr ‘1oneog ‘a////u/eo ou1 jeoy â€" 1 FIRST TIME BUYERS 842â€"7000 PEOPLE HOMES REALTY NC 2828 Kingsway Drive, Oakville... on the Oakvilie/Mississauga border MON. to FRL 9:00 A.M. to 9:00 P.M. SAT. 9:30 A.M. to 5:00 P.M. GLEN ABBEY' $325,000!!! This 4 bdrm executive home on a huge pieâ€"shaped lot is located on a quiet street. Scarlett O‘Hara staircase, large kit. with walkout. Many other features. Call today to view.NICK BELLISARIO Call NICK BELLISARIO Sales Representative 829â€"3222 e e e e i e i e e e e e es e o ie n l