Ontario Community Newspapers

Whitby Free Press, 5 Jan 1983, p. 14

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PAGE 14, WEDPNESDAY, JANUARY 5>,1983, WHITBY FREE PRESS REAL ESTATENEWS w Real Estate Board optimistie about 1983 buyers The upturn in the real estate market with began in September has grown into a healthy market. November MLS sales were up 51 per cent over November 1981. Moreover the 338 listings sold represent the best month for sales since Mav 1981. "We have reached a time when falling inter- est rates, stable housing prices and government programs are producing ideal market condi- tions", says George Van Dyk, President of the Oshawa and District Real Estate Board. "There will Dròbably OPEN. never be a better time to buy a home". MLS dollar volume for November 1982is up by seven million dollars over the same month last year. Yet house prices have come down to a more realistic level. "After a boom such as the one we had in the spring of 1981" says George Van Dyk, "Ven- dor expectations be- came unrealistic. We have gone through a period of re-education to the realities of the market," In today's market, price is the biggest sin- gle factor in determin- ing a property's sale- ability. Properties which have a realistic price in terms of the s GRANT .Au W .qeT' SALES POSITION 1 presently have a position available for a Sales Associate in the Whitby area. I of- fer an excellent cóm- mission split, main street office location with ample parking and no restrictions on territory. If you are considering a move - call me for a com- pletely confidential talk. JACK GRANT 668-4000 HOUSE Frank, Mary & Terry Kroekenstoel of Faria Farms Cordially invite you to inspect their new FREE STALL DAIRY FARM on County Road No. 23 just North of Hwy. No. 2 Townline Whitby Tuesday, January 11, 1983 10 a.m. - 4 p.m. I market are selling going. This produced an quickly. Overpriced list- unparalleled feeling of ings are not selling well uncertainty about the at all. future. While sensibly priced "Now we can look at homes are the biggest interest rates 0f 121/2 to factor attracting pur- 14'/2per cent depending chasers into the housing on the term of the mort- market, present interest gage and the company rates are having almost involved", according to as important an effect George Van Dyk. "Buy- on buyer confidence. ers are gaining confi- The Government's dence". former policy of high in- Naturally the end of terest rates created uncertainty about a con- havoc in the housing tract at GM which market. Not only were plagued Oshawa last people faced with summer bas also meant record high interest a greater willingness to rates, but equally im- make long-range com- portant, no one knew mitments about the from one week to the future. next where rates were December 31 bas be- Four4Whiptby w for 25 year I come a very significant date for many people as they make these long- range plans. Last spring when Federal and Provincial Govern- ments finally realized housing was in a serious slump, both levels of government made money available to home buyers. In both cases the government programs were scheduled to ex- pire on the last day of this year. Although the Federal grant on new homes has been extend- ed, the money for all re- sale home and the Provincial loan for new An increased number of homes in West Lynde were attractively and tastefully decorated for market homes ends on Dec. 31. People are hurrying to take advantage of government assistance while it is available. "The effect of these programs has been really remarkable", says George Van Dyk. Ordinarily the only house a first-time buyer could afford was a re- sale unit. But now by using the total $8,000 in assistance a qualified buyer can consider a modestly priced new home that has suddenly become competitively priced with a re-sale "starter home". omen honoured es of service this year's competition making the judge's ultimate selection ex- tremely difficult. Conse- quently, prizes were awarded in three cate- gories. The winners were: Outdoor Trees: First prize 320 Annes St., second prize 18 Cardiff Ct. House Fronts: First prize 32 Glenmount Ct., second prize 30 Banner- man Ct. Decorated Windows: First prize 21 Barberry Ct., second prize 25 Jer- myn St. The Christmas ham- per was won by Andrea and Edward Zak of Bar- berry Court. E.&-L E PAG E WHITBY:6661333 AJAXIPICKERING: 686-1979 ASHBURN •-JUST OUTSIDE BROOKLIN - Immaculate 4 bdrm country home, mature treed ¾ acres, 10/ % mort., m/f fam. room with stone f/p, large eat-in kit., dollar saving heat pump. $128,700. Brian or Jackle Wright. When these four women were hired by Croven Ltd. in 1959, Whitby had a population of 4,000 and the com- pany employed only 25 people. Now, 25 years later, the town and the company have grown to 10 times that size. Receiving gifts for 25 years of service are left to right, switchboard operator Muriel McGahey, frequency plater Mary Drzewiecki, expeditor Grace Skelton, and group leader Dorothy Thompson. Whitby homes sparkle BRIAN DEEGAN DENTURE THERAPY HARWOOD AVENUE SOUTH AJAX, ONTARIO 683-6074 PEACOCK LUMBE RLD. IN-STOCK Over 1,000,000 feet of kin dried Hardwoods Softwoods Dry Kilns Dressing Facilities WHOLESALE - RETAIL 328 Ritson Rd. N. Oshawa 725.4744 We coq glue quick &«Wce in su»WRg mwom mode m" siomps-at 64«4d -Mon prmm Drop in and teU as whai Wm -1

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