Ontario Community Newspapers

Whitby Free Press, 30 Jan 1991, p. 5

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WBY~~ FJIP O D46y; JA1NUARY 30 IPPAGe 5 Recent activity il housing ,market leneouraîn >By 1<k. Kowiuki Recent.activityi the housing market has' encouraged the new: Srsdnt of the Oshawa and s18tcReal Estate Board. Min Briscos is cautiously opti- misticthe problema whxch have plagued her industi for the past year may finally beabating. «I feel there is a definite sens. of exitement, i the market. Interest rates -have modified su!- ficiently ta give people hopee" said Briscoe. A Pickermng-based realtor Brisco. recently replaceêl Whitby's John Coulter as pre sident of theý 1,20-memr board, Although she will hot know sales figure for the 'board'. entire area until later this month, Briscoe said it s hould b. uovie if activity.in west Dur- amm on in any indication. Since Pickering and ALax are included in the Metro Toronto Real Estate Boardls coverage, area, Briscos has had the benefit' of that organization's up-to-date statistica. "For the first time ini 22 months' the* daily. number of houses sold ini Toronto is a plus," said Brimeap- 'January 15 i when it hp pened, sales have been increas- mg smce thon." >Although Briscoe is hesitant té cail on. weeks activity a trend, she said business in her area has picked up., "Lasàt weekend in our office we had fiveë separate, transaction.. There' even been two offers on a a ¶lproperty, we haven't seen Havhfig been in the. real estate field for 23 'years, Briso has experienced markÇet siumps on three previous occasions -- 1967, 1974 and 1981. In each instance. the road te recovery was similar. 9t starts in the Toronto area House prices down 20%o Houa. pries in Whitby -have fallen by as much as 20 per cent in the past yemar, acording te a Roai Lage rosi estate survey. Te average price of an- execu- tive. detached two-torey, home (2,000 sq. ft., four bedrooms, 2. bathrooms, two-car garage) in Whitby is $195,000 down 20.4 pr cent from tAÉe average $245,000 a year ago. A standard twu-stereay home (1,500 sq. fi., three-bedrom, detached- garage) averages *165,000 down 19.5 per cent from $20b,000 a year ago. The average price for a tewn- ho'use according te the survey, has ~opd20 r cent te $140,000fro $175,000O a year Teaverage price of a dota- ched bungalow (1,200 sq.')fi., thre-bedoomshige-storey)1 $170 000 a dece of1771 per cent kom' *205,000 a year ago. A senior executive home (3,000 sq. ft. or more four or five bedrooms, tIre. Lathrooms, two fireplaces, atrium or library) isa estimatedt have a valus o! $250,000. The- survey reflects Royal LePag'. estimate cf fair miet~ value of certain housing types. and moves east. Busine'ss is already increasing i thi end,» said Brisco. Up until the. end of December, every region I the, Oshawa board was down said, Brisoce, and until Jan. 19f the sanie was true for Metro. But ève-ry day since hashbeen a plus for the Metro board, she added. According te the Oshawa a nd DititReal EstateBoard, r hai Reffion realters sold 3,837 homes Iast -ye'ar, down 26pr cent froni 1989. The'average price of.a, home sold in 1990 was $165 380 com- pared to $186,000 îÈe year Inî December, 239-residential units were sold,adrpo eight per cent from 259 in December, 1989. Members o! the WVhitby Seniors' Activity Ceitre have now raised, $89,600- toward con- struction. of a new soeniors centre. Lastyer Town council voted' te build a new 15 000 sa. fi ,centre, in Bradley L &ak btit wilI b. a few m àore years befori construction begins. LYNDA CORNEAL (seated)- and Martha Moore. have joined the Addiction Research 'Foundation, Central East -Region$ as program consultants. Corneal wiil work iii the area of. treatment 'ser- vices and Moore, in helhPromotion ini the Whitby area office, Suie' 0 of the Lang Tower West, Whitby MaIL Both can be contacted at 576-277. 0fr!. Boy!, photo H OU E F R SA E g conues Congratulations and thank-you HOUS FORSALEfor your supportl e * s FEATURES INCLUDE: .4 bedrooms * Main floor Iaundry room *One 4 po. batliroom * Finished roc. room *Sunken living room * Broadloom throughout *FuIty reriovated e018 minutes east of Oshawa Holwood-stle Wkithe *Eleoblo baseboard heating * SPCIALFEAURES ?~CALL TODAY FOR A-EBEE NO-OBLIGATION-CONSULTATION sBASEMENT I-AS FACIUllES FOR A SEPARATE APARIMENT * G. ARPOOIN AAILBL I TH AEAWHITBY OSHAWA AJAX/PICKERING BOWMAN VILLE £1101- Brook St. S& P45 Simcoe St. S. 1450 Kingston Rd. 98 King St. W. USTED AT ONLY $1560900.00!!I 6.70 7351 2.306386 CAIE etBA.A2iME Exclu" vof NurUSystM food Aihiaevaltiation whlch are addkblcomcat Pardcfpulng contre only. New clh o* Exp4mF91>7 M. A*brWendyat 1 499-2855 EXT. 2173 BUSINESS ............ .. 416 76267RESIDENCE Te oe r oe te Walp* erCetr in Ohaw, Aax Sc :boseg 1 nutri/system"ý'j

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