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

ItrAl September 1987 Page Five year mortgage rates are increasing While were sitting the the news on television and bragging how our dollar was our in rales down I dollar in and raised the rcrl Jose behind was the bloated II trade delicti These two have with markets forcing up the cost of money One bank rused its rotes by a quarter of a point on Senders said that w is rait Bankers borrow on the wholesale market mar it up and lend it to consumers the markup hem too thin they Indeed bankers in having to pay almost is much lor as they are lor gate loans per cent the rate is as high us it has been since February 1986 Thnt when the dollar first and ell Your Business turopi the lime it as il the dollar would till even further So the ink stepped in and cranked up interest rates interest rates tend to offset thrtol of currency in the of foreign iru The rate jumped two full percentage points from December to 1986 By Mnv it had returned to per cent The sudden jump shows how much cur markets cm hurt homeowners It also shows how these disruptions can be lime in three years The discount rite is the the bank role The point increase appeared to have little fleet on Canadian rates at the time Units we keep a eonfortablc cushion between our rates theirs ours ire always Hut the damage was being dune behind the scenes on bond money and currency markets iround the world Now fears that the trade will worsen sparine investors out of ir dollars hive punctured our interest rati tush ion The will be revealed Sept 10 The US will release its July trade numbers IF shortfall has not improved substantial from last months billion US high in lerest rates will If the monthly deficit is less linn billion thine could Sherry Atkinson chief economist at Bums 1 a Investment dealer better indt numbers will not be enough to stem the dollar s decline The red will need to use rhetoric ind half point mere ise in in teres ites Or is eould be in fori The big question now is how will it lasf Wh it stifled out as i temper blip in interest rites hai lasled six weeks and some bankers say there isnotndinsiRhl Bui tht sixth of hive aire piloted licmilh the surf ice the US lr dtlltll has li of in economic liw know is tit J trade numbers worse In dollar lirms et belter when is realigned rhe volume of exports i offset their lower dollar value So if reversal is not ap parent it will show up next month or month alter In the meantime peoplt with money to luck iwny in or guaranteed investment live rites The lesson in ill this is sir m eel exempt for Irom the tint our neighbors r liter will hit us too often divislingfont Realtor Housing market at a transition stage Business Mortgage rate increases art worrisome because there it magic number which people will stop buying houses No one knows whal it is Usually Its measured the rate though few people irnj that term Somi siy people stop buying when the live ir rate rciches per others it per cent If the 12 per cent tamp is the re estate market may soon grind to hilt Last several big lenders raised the live year rate to 11 5 per cent it bis been since Sales already hive begun to slow lieMix In lornatioml real estate report that homes sales slowed in the quarter In every provinti but Allwrtn is recover the second big economic slump In five years caused by loal year drop in oil prices He Max measures how many days it lakes home to sell Meanwhile builders are building like never before Work on new homes in was busiest It has been since 137B Cinada Mortgage Housing Corp soys Most of these homes have ilrcidy Iwen sold Builders who have not presold their nouses could be forced lo trim their prices Builders also Wary thai with so much activity this year they may be left with little lo do In Housing starts could slump alter this year big boom in southern The carried Toronto house prices to is burst but the is slill Outside the tin mitres s slow n The in i 1- si ill ills I in irk 1 in vh it is rnlly hiiipeninL ir i Hut I rr veil the er mi pinev cities w isti live in Toronto The ivtrajt house in Toronto is Inly Thus comparts with in Montreal a by comparison Winnipeg also looks like a good deil with an average house price of Vctorla is nictlv priced at J 107 ind Vancouver its warm is i reasonable Prices arc highest in the Hills of Toronto where house prices eisilv surpass IteMax reports In too it is to find a house or less then Let Me Show You How To Build Up That Nest Egg a CONFIDENTIAL NO OBLIGATION PERSONAL FINANCIAL ANALYSIS IF in latent mm you IF prices Mom ftlFyourpayclwclidoeanlseemtuflicieni IF you to Know WHAT CAN I AFFORD In comfort your own home or In my office Contact me at any time for this service l GLENDA HUGHES Guftlph St Gtonjilown 8775296 or 8778402 MAIN ST SOUTH GEORGETOWN 8779500 JOHN EDGAR 8779915 SWITZER 8773133 REG COOPER 8779458 TORONTO LINE YOULL BE GLAD YOU CALLED US FIRST EXCELLENT BUY SUPER LOCATION IN GEORGETOWN Unlet new root I He to Mi For JOHN A EDGAR It 2300 IN MOORE PARK in hipping wilting t J bedroom room dining room tit In lie hen mam time hi ri mod under pool double ginge nd bench lot A mull la tee For hid till JOHN A AH it B77 n Li 25 GOULD CT ACTON SUN SEPT 1 to Mill Wail lurn right on Wrlgtit Foe full call ILA SWITZER WHAT A VIEW OF THE COUNTRY SIDE Beautiful In 4 wnnilbumlng In muter bedroom 1800 iquirt led brick cat gauge evergreen planted lew lor haute Midi to be JOHN A HI COMMUTERS Jmt 10 ntartti Itrgt ail In tou f roam ftrtputt fniv mm utut IUSltnticlilt77tSIOat4UZBIW CTB2 2 BEDROOM ONLY urge Ml chin walk la down town Why pay rent whin yen cm Inn roar own For Hi or A VERY SPECIAL HOME J w a 3 bum mi Mrto nn wry knfflag mm it S171 CM M tar M MOBILE HOME 2 bedroom living room kitchen lug piece balh nMge stove air tight outside porch Trailer Is Priced to Trailer has to be moved Its preient location For lull details call John A at or