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

Heal Estate:The Oakville Beaver, Wednesday, July 20, 199420 Housing within reach of more firstâ€"time buyers A new CMHC affordability indicator shows that in 25 of 26 major urban areas, newly built single and semiâ€"detached homes were more affordable in 1993 than in 1989. "‘Most firstâ€"time buyers think new housing is Fore firstâ€"time buyers are finding new housing an affordable option, according to Canada Mortgage and Housmg Corporation‘s (CMHC) Canadian Housing Markets report. | AFFORDABLE â€" Open concept floor plan. 3 | ELEGANCE bdrms. Hdwd. firs. Eatâ€"in kit. Walkout bsmt. Garage. 1$171,900 Loaded with extras. Easy to show. MIRA LUCIC* 825â€"1171, 844â€"0633. 10 acre country property. 5 DONT DELAY {~" bdrms. Renovated. Approx. 2,000 sq. ft. 4 bay door CALLTODAY garages, 2 offices. Fantastic investment. MIRA LUCIC* 825â€"1171, 844â€"0633. $97§ 000 4 large bdrms. Balcony. 5 appl. Parking space. Everything incl. but phone cable. Fantastic loc. in N. 111200 * Straight Facts * Proven Results CALL 825â€"1 171 mm in 2448 Lakeshore Rd. W., Oakville 4 FINAL RELEASE of Penthouse Skyview Suites / NO MAINTENANCE EELES \ER Oneâ€"Bedroom Penthouse Suites Z1 1 14,900° * Fabulous Views + Indoor Pool Spa * Live in Tranqguil Milton ~â€"___" 1 19.900 CALL 416â€"360â€"6441 TORONTO 905â€"875â€"0030 MILTON out of their price range. Times have changed and that‘s not necessarily the case anymore," explained Kirk Duerden, Market Analyst with CMHC‘s Market Analysis Centre. "‘The rise in new home affordability is priâ€" marily due to the big drop in mortgage rates in the last four years, and also reflects the indusâ€" try‘s efforts to build smaller, more affordable houses," said Duerden. Lower priced resales are also abundant. In 21 urban areas, more than half of the active listings are within the price range of potential firstâ€"time buyers. *‘Not only is there a good supply of starter homes, in many markets, the share of renters who can buy them has also grown," said Duerden. The percentage of renters who can afford to buy has risen in 23 of 27 centres in the last year and hit new highs in 15 areas. The most and least affordable markets are on the nation‘s coasts. St. John‘s remains the most affordable centre, where 52.6% of renters could afford an average priced resale starter home in the second half of 1993. Vancouver, at 20.9% of renters who can buy, and Victoria, at 9.6%, remain the most costly centres as demand keeps house prices up and affordabiliâ€" ty down. J Bluenose Sales Rep. Spccou?‘ 5 ?Tgm%obhggks onto school, park. Waik to libra | Sheridan Collegepfleor bus line on?jl r%%o r arteries. A . Call ANN _ SHORE 842 7(!.'0/849-6927 LILLIAN SMITH Associate Broker Backing onto park, this §bulous updated 3 bdrm includes finished lower . level, _ master â€" ensuite, fireplace in living m + so much more! Come see, come buy. Asking $164,900. LILLAN SMITH 842â€"7000. EXEC. HOMEâ€"RAVINE Loaded. Just move in, open concept FP, C/A, heated garage. $151,000 existing mtge at 5 1/4%. Vendor will RALPH assist with balance. Asking SNELGROVE $259,500. RALPH SNELGROVE _ Sales Rep. 842â€"7000. OAKVILLE COUNTRY IN TOWN 3 bdrm. on .52 acres, new windows, new roof, new kit. C/A, F/P. A rare find. $199,000. RALPH SNELGROVE 842â€"7000. 418â€"2 North Service Rd. E. § Clipper â€" 1,185 sq. ft. Lakeview. Available immediately. $169,900. Brigantine â€"1,275 sq. ft. Lake view. Available immediately. $178,900. SHORE Admiralty â€" 1015 sq. ft. Convenient ground floor, 4â€" badirm," 3 baths; fireplace, large deck, fenced ABBEY EXEC. TOWNHOME 3 Abdrm, ~3. baths, appl. $159,000 asking $149,000. mortgage _ 8 SNELGROVE 842â€"7000. BRONTE HARBOUR CLUB OPEN HOUSE SAT. SUN. 2â€"4 PM 2511 LAKESHORE ROAD WEST â€" Reducedâ€"now $249,900. â€" Fantastic view of Lake Creek. Over 600 sq. ft. terrace, separate dining room. â€" 1,188 sq. ft. â€" overlooking Lake Creek. Triple parking 2 lockers. Plus upgrades.. Asking price $219,900. near creek. $155,000. Call ANN SHORE, 842â€"7000, 849â€"6927. DABLE LAKEFRONT â€" STONE CREEK 3 bdrm. Bungalow on large treed lot, Riparian rights, sea wal, boathouse, country se’rhng b close to QEW and shopping. 900. Call ANN SHOl 842%0/849-6 SPLASH INTQ SUMMER after east location fecn‘unng finishned . lower _ level, parquet floors, inground pool and exceptionadl large mature garden. Asking $287,900, to view call LILLIAN SMITH 842â€"7000. ITS A 10+++ $249,900 Located to schools, shopplng highways, this beautifully updated 4 bdrm features a dream kit., hdwd. fln'g% fin. lower level and private matfure garden. ‘Don‘t hesitate, call LILLIAN SMITH 842â€"7000. POWER OF SALE 3 bdrm. bungalow, fin. base. with woodstove, large kitchen, inground pool. Asking $169,000. Bank wants it sold RALPH SNELGROVE 842â€"7000. TRUE RAVINE â€" NEWLY DECORATED 3 bdrm, 2â€"storey, 3 baths, F/P, W/O to trees ravine, garage, immed. poss. $169,000. RALPH SNELGROVE 842â€"7000. RIVER OAKS 2â€"storey. Library off master bdrm., F/R, double garage, $259,000. RALPH SNELGROVE 842â€"7000. walkout basement. C/air fireplace, 7 1/4% _ RALPH s Sm Om en 4. up e se en 79