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Lower Cost Mortgage Money Plus Availabililty of Homes At Realistic Prices in, 1977 By Mack Parliament Director of Publications Canadian Real Estate Association It is time again to look back over the past year to deter- mnine if any progresshas been made in housing and if acquiring a home is any easier than it was a year ago. An easy answer to both questions would have to be "yes". For one thing more new dwelling units were\produced in 1976 than in any year since 1973. New housing production for the year is estimated at 260,000 units. That this number more than satisfied the demand is evi- denced by the fact that in many communities there are scores of-unsold new homes and it is not expected the last of these will be sold for six to eight months if the present rate of home buying contin- ues. Condominium apartments in high-rise buildings, al- though providing the most affordable home-ownership package, have been the big- gest drag on the market, partly through overbuilding and partly through their failure to win top spot in the popularity ratings. This large inventory will have a somewhat depressing 116King St. E. Hwy. No. 2 8owmanvillie 416) 623-5050 - WILL BUY SINGLE PIECES OR COM- PLETE CONTENTS -APPRAISALS AND AUCTION SERVICE effect on the num ber of new homes built in Canada in 1977. Experts are predicting only 235,000 housing starts will be made during the next 12 months. The 1977 building programa wîll probably get off to a slow start and gather steam with each passing month à~ the unsold inventory shrinks. Meanwhile, families con- templating buying a new home will have a wide choice, both as to price range and type. Also making home purchas- ing easier in the past year bas been a decline in mortgage interest rates. It took from January' to December for tbem to decline from the il and three quarters per cent range to il per cent. Then when the Bank of Canada reduced the bank rate to 21/ per cent, the second reduction within a month, mortgage interest rates began to tum- ble. The Bank of Canada's shifting of its rate is consider- ed to be the bellwetber of Canada's financial system. Within 24 hours three char- tered banks has sliced their mortgage rates to 101/2 per cent. An even more dramatic scaling down was predicted by Blair Jackson, executive vice- president of the Canadian Real Estate Association (CREA). i "I would tbink we may be looking at 10 per cent mort- gages by spring," he com- mented, noting there is an ample supply of mortgage money waiting to be taken up. The difference between il per cent and 10 per cent mortgage money would bring savings of attractive dimen- sions to home buyers. On a $50,000 mortgage amortized over 25 years monthly pay- ments are reduced by $34.02, e voaGeu r9 RESTAURANT The Voyag eur Restaurant, Newcastle, needs you for their busy 24 hour operation. No experience isnecessairy; only an energetic person with a willingness'to Iearný FULL TIME Baker Dishwashoi Cooki PART TIMI rs Janitors Bus Girls Cooks Jounit ors CONTACT MANAGER FOR INTERVIEW AT 987-421 0 or by more than $400 a year. The third circumstance which worked to the advant- age of the home buyer in 1976 was the trend during the latter part of the year toward stabilization of prices. In fact, the-Housing and Urban Devel- opmnent Association of Canada says 'there is little indication the price of housing is about to rise, either through inflation- ary pressures, or otherwise." Fourthly, the average wage earner made a gain in income in 1976 in the order of 6 to 7 per cent in real dollars. This, in turn, provides more dispos- able income and more money for investmnents or savings. Conditions simîlar to these ln the new housing market are also in the existing or resale home market and here again prospective purchasers have a wide choice in price range and style.' The number of homes placed on the Canadian mar- ket by their owners in 1976 increased by 23 per cent over the prevîous year, ensuring buyers a diversity unequalled for a long time. This brougbt about a trend toward price stabilization, keener competition among owners and dictated realistic asking prices for homes. Individuals who want to dis- pose of their homes within a reasonable length of time latterly have been-and still are-forced to price them realistically at market value or face the prospect of a long wait for a buyer and event- ually a reduction la the asking price. 1 "Taken in aggregate factors indicate the scales at present are tipped ln favor of the consumer of housing and this should continue for some months 'into the future," commented CREA President James M. Robb, of Winnipeg. "The family acquiring a home in 1977 will have a permanent hedge against in- flation for the biggest single item most familles acquire during their lifetimes. More- over," hie observed, "if infla- tion produces a further ero- sion of the dollar-and there is every indication it will-they will be paying for their homes la cheaper dollars with each passing year. " So looking backwards there have been imrprovements in the housiing jpicture from the standpoînit of the famnily or individual wishing to move into the home ownersbîp category. To do so would be to join the ranks of the 62.5 per cent of Canadians who are already owaers of one of the 6,918,000 housing units la the country. In addition to revealing that more families are becoming homeowners, a recent survey found that Canadians have also made material gains la other areas. Within a year the number of households with color tele- vision sets increased from 50.4 per cent to 60.6 per cent. Households, with more than two cars increased to 24.4 perj cent from 23 and those with electric disbwashers rose to 18.6 per cent from 15.2. But the popularity of vaca- tion homes declined. The nunrber of families with vacation homes dropped to 6.9 per cent from 7M per cent. L ADIES BOWLING January 9thi, 1977 Top tea. averages-Sharlene Dehart 273, Nancy Welsh 251, Vickie Terry 240, Thelma Forrester 236, Helen Depew 231, June Baker 228, Cecile Bowers 223, Jackie Braybrook 223, Doreen Park 221, Donna Harness 218. Team standings-Helen. De- pew 5 points, Nancy Evans 5, Donna Harness 4, Jackie Braybrook 3, Wendy Maynard 3, Dot Bridger 3, Marilyn Flintoff 3, Onie Etcher 3, Shirley Davis 3, Jean Allen 2, July Bragg 1, Sharlene Dehart 1. High triple-Nancy Welsh 750. Higb single-Donna Harai- ess 336. Local Company Pain ted Super-Graphîics on, CN Tower Lindec Co. Ltd., the comp- painting contracts for cus- When they were awarded any contracted to above paint tomers as banks, govern- the contract to complete the the super-graphics for the CN ments, school boards and super graphics for the CN Tower, cornes from Bowman- retail stores. Schat and Hart Tower, they were faced with a ville.. The president, Fred have backgrounds as painters most unusual challenge. Schat and one of the other while Hoîkema worked as a Painted wîth tbermoplastic owners-Peter Hoikema-are carpenter. The company now materials the graphic depicts both local residents. Along contracts paint work of a wide a history of trains, the old Har fornToont, ariety but takes special 'black steam engine, the wit Adyinterest in supergraphics de- powerful red diesel followed these mÏen formed Lindec, signed either by architects or by the bright yellow Turbo. several years ago and have thernselves. Their local phone The graphic covers approxi- since completed many fine number is 723-2005. mately 6000 sq. ft, along the Cruîing I Luxury Travel ..~c *Aarîeor-UsAll Eacb winter as we struggle witb the cold and knee deep snow our subconscious whis- pers "Let's go south!" Our rninds eye visions sunny white sand beaches, bikinis, ouled tanning bodies sprawled lux- uriously, sipping a rurn punch... What is the first destination that cornes to mmnd: Florida? an island in the Caribbean? MVexico? Th1-eue reut a ïfew of the fuîcîhol;iday hiewaS no' doubt .. .but haeyou ever considered the alternative. .A CRUISE! A week long, (Or two week long) cruise away. A floatîng world of it's own design and rnaking. A coin-, plete centre of comfort, lux- ury, and entertainment. Looking initially at the cost of a cruise, one shivers with a winter chili. But wait, dissect that cost and compare it to your island holiday.. Lets take a fly-cruise pro- gram and compare it to a week la the caribbean: Both include the following basics: return air transportation, transfers from airport to hotel or ship retura, baggage hand- -ling, accomodation for dura- tion of stay and of course to any holiday vacation price we have to add airport taxes and your cancellation insurance. Comparing further. on island holidays your meals and entertalament are usually add ons, as well as local trans- portation costs. High import- ation makes this an expensive proposition. Expect to pay $30-$35 a, day. On your cruise (le. 7 days) you are served daily a full breakfast either la your cabin or in the dining room. Full lunch and mid rnorning and mid afternoon teas are next on the menu, followed by a multi-couse jinner. After dinner you have a multitude of choice for your evenings entertalament. Bingo, movi ,es, a quiet louage, athrobbing disco, a moody waltz or a hrisk walk on the promenade deck. There, with jour dinner worn off, we're ready for our midnight buffet. All meals are varied,,there is ittle if no repetition in menu's luring your week of gourmet lining and the choice is yours! If alI this activity still leaves you hungry, from your cabin at 3:00 arn. order a ham sandwich and milk and watch how it quickly arrives. Your lays are easily -occupied on board your luxurlous cruise ship. You can play shuffle- board, do sorne skeet shooting, read in the, library. study a foreiga language, take danc- ing lessons, swim, play cards or just lie on your deck chair in the salty breezes. Drinks. are very inexpensive and if you're 50 inclined shop in the Luty free archade, take a sauna and massage, or -get your hair done in aay one of the professional shops on board. Not only are you fully engaged on board or sitting with your feet on the rails, but t each port of caîl you can isembark and spend suany àours exploring local habitats. 'Port taxes are additional as syour choice of exploring on àguided tour or your own).1 )ne looks wt.this grand list o extras provided as readily as your noon t ea and wonders, How cap the ceost compare?" But check itý yourself, it does! r f e E a v s y a d h a y d Oh yes, a small reminder for those who like to dress up: dinners are casual to formal.. preferred jacket> and tie. but you can corne as you like if your hare feet and bikini are covered. (Tuxes are NOT necessary.) Only the captains cocktail dinner is regulated formial. P.S. For those who get qucasy a t the sight or sound of C7!ruîg, n-eyer fear, for tLhere î;is a tained medical staff and exceýllent, medical facilities on board!. Join us as we cruise this season ... Choose an inside cabin wîth shower and toilet or an outside with window too, if you need the reassurance of daylight. There is a wîde choice of itineraries departing from New York or Miami and they výary from one to five ports-of-call. Don't wait, look into a winter or spring cruise' now and compare. You'll find the cost of your cruise matches well to your, island holiday and your cruise gives you the best of two types of holiday! 1 week Caribbean Holiday- Air Fare $359.00, Meals $25.00 per day, Entertalament $S0.00 per wveel<, Sîgitfseeing $30.00 per week, Lliuor $2,50 a drink. Total is $630.00 approximate- ly.> 31s Cruise-Air Fare $650.00, Accomodation ,inc'luded, Meals included, Entertain- ment iacluded, Sightseeing $25.00 per week, Liquor .90 cents a drink. Total is $698.00 approximately. PROVINCIAL COURT Januar' Judge Crawfl sided with Asý Attorney G. ,Wr couursel D. Bai Roger David Oshawa, was ch 3th with ha possession mai local parking lot checked a car. probation curfe E.R. Lovekir prosecutor. Mr. 'guilty'. Hev suspended seat counts. Edward J. E( Beaconsfield,' charged Septen drive whilst ab paired by alcohc 'guilty'. Const. vestîgated errat highway 2.' A1 reading showec grams of alcohol $200 and costs, License suspensi Christopher Bi ery St. N. B pleaded 'guilty' report a collisic lOth. He was snowrnobile and a parked car. driver's license Const. Smith i The fine was $50; days. Glen Allan Fa St.W. NewcastlE charges rend ou 7th he was e failing to remaî of an accident arý time with failli the road. This w. sion Rond 5 inC ship. He pleaded fine on each cha: and costs, in dei concurrent. H guilty' to a S( pr7RTCIPEfl Fit.ss. In your heart yù ,y 11, 1977 charge of causing a disturb- ford Guest pre- ance by-swearing. He was put sistant Crown on probation for 3 months to 7rigbt and duty report to officer as often as rber. necessary. J Down, R.R,4, Ronald Ingram, Enniskil- riarged October len, was charged November 21 aving la his 'with baving care and control arijuana at a after consuming over .08. He t. Const. Logan pleaded 'guilty'. Const. Laton 1He was on a found hlm lying down on the ew at the time. driver's seat at the 35 ramp ri was crown and highway 401. He pleaded ,Down pleaded 'guilty'. Tests were .12. The was given a fine was $100 and costs or 7 tence on both days. Given one month to pay. - Wendy Ingram, 17, was ednarz, 45, 14 charged November 28 with Toronto, was consuming while being under mber l2th did age of 18. She pleaded 'guilty'. bility was im- She admitted to Const.. Wood iol. He pleaded that she had 2 beers. She was ,Foremnan in- placed on suspended sentence. tic driving on Robert Jones, 17, R.R. 1 blood sample Bowrnanville was, charged da .310 milli- December 3 with having care 1. The fine was and control after consuming 3or 7 days. over .08. He pleaded 'guilty'. sion 3 months. Const. McDonald investigated ickle, 110 Lib- after Jones went into the east Bowmanville, ditch on regional road 57. 1 to failing to Tests were .18. 'The fine was ion December $200 or 7 days. G:iven one operating a montb to pay. [ collided w7itb Carol Anne Lott, 17, R.R.2 He had no Oshawa pleaded 'guilty' to a or insurance. November 28 charge of drink- investigated. ing wbile under age. She and costs or 5 admitted to officer of having about 6 beers. She was placed iris, 335 King on suspended sentence for 4 e, had three months and to report to ut. On August probation officer as often as hargea with required.11 n at the scene Sidney Roberts, R.R. 2 nd at the same Bowmanville, pleaded 'guilty' 9to share haîf to loaning bis license plates on îas on Conces- November 20. The fine was $50 Clarke Town- and costs, la default 5 days. a 'guilty'. The Jeffrey Robinson, R.R.2 4rge was $100 Oshawa pleaded 'guilty' to two fault 10 days charges laid November 2tb. -Le pleaded Const.* Laton saw a car at ieptember 27y Trulîs Rond going at a high rate of speed, fail to stop for a siga. He was cbarged wîth driving5 after consùmiýing over WSÀGÀtp .08 ad failing to stop. Tests were .17 and .16. The first fine was $150 and costs or 7 days. The second charge was $50 and costse or 1 days. Given one month to pay. .Sam Salemi, 4 Hetherington or., Bowmanville, received a $200 fine or 30 days for failing to remit sum of $1,600 to Recelver General of Canada for mones collected from employees. He pleaded 'guilty'. E.R. Lovekin prose- r cuted. you"ko it riht Brian C. Walker, 17, R,.R.1 ouknw lsrihr Bowmanville was fined $50 north side of the tower's exterior base. The locomotive is as higb as a tbree story bouse and the wbole project is about 400 feet long. Three painters worked on the project for about 2 months witb more men brougbt la at certain times. Those looking for the train, can see it from Front Street- look twice because you rnay mistake it for the real thing. and costs or 10 days for consuming while under age. The charge was laid Decem- ber 3rd. Roy Woodcock, R.R.1 Bow- manville, was charged November' 20, 'âid damage without excuse to the lef t door of a car at the OPP parking lot. He pleaded 'guilty'. Restitution has been made. He was put on probation for three months, to report once a ýweek and if he behaves during this period a conditional discharge will be given. William Grant Ruskstuhl, 17, Darlington Township, pleaded 'guilty' to break and enter and theft at a residence, Decemnber 18. Lt was investi- The Canadian Statesman, Bowmanville-, January 12, 1977 3 gated by Const. MacKay. The judge told him house breaking was one of the îtiost serious crimée ýv1e -aëacd--o probation for 2 years, to report once a week and if he finds you are behaving, you can report less. Th is sort of charge lemands a long jail sentence but on account of your age, you are given a chance to prove yourself. 1Lewis O'Halloran, 32, 737 Kenora St. Oshawa, charged Aprîl 2 with having care and control after consumning over .08 pleaded 'guilty'. Tests were .16. He was investigated by Const. Logan and Smith on Martin Road S. sitting in the driver's seat. He had a previous driving record. He failed to appear in court on two occasions following the above charge and pleaded 'guilty'. He.was sentenced to jail for 7 days, in addition a fine of $100. or 7 days. He was given 7 days on each count of failing to appear to run consecutive. Following he will be on probation for 1 year, to reportonce a week and more if necessary. He is to attend Pinewood Clinic for treatment 30 KING ST. WESTMISGZEGR BOWMANVILLE DISES G IGLERICAN PHONE 623-4477 IPNIGOTCAS Phone 623-7312 UNISEX Tricho-Analysis Facials and Make-up Redken Hair and Skin Products %-Dky CQeaekg C c~e "It've had my oye on you for some time, miss" said -Fancy thatll ýotcycle-o-p. *"-,- l--.e was the alry reply. "And I thought you were arresting me for speeding.11 CLOTHES CARE HINT: Moth Damage wiII flot occur to yourclothes if they are cleaned regulfarly.- Neyer put soi led clothing away. HAPPY DAZE REVIEW by St. Paul's Church, at Solina CommunitY Hail January 14at8 p.m. CleaersLtd. ,i,84 King St 1. W. 623-5520 I "We Specialize in Shirt WoolSale ODDYE LOTS DISCONTINUED UNES RICKABY'S LIM ITE D e, .~#'ri~eee * tix/of~4tc/o &JaJeMCt6',4'érraé ~ ~6oo4yowee /977 wi1b4 ~ 2 ~ 1177 CA~?f~~~f) C?,~~on..e ~ J 4 Lef4 %~M*~( ^The Red Huct of Nos pitaityà" the I£rrotj,