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The Independent, Canadian Statesman Weekender, Bowmanville, Saturday, July 2,1994 21 Vancouver has Canada's Highest-Priced Houses Vancouver's average price for a new single home will hit a record of $480,000 in 1994, almost six times higher than the nation's lowest average average price of $81,000 in Chicoutimi. The forecast of average house prices was released today as part of Canada Mortgage and Housing Corporation's Corporation's Canadian Housing Markets, which reports on the housing markets in Canada's larger urban centres. For resale homes, the highest average average price will also be in Vancouver, Vancouver, $368,000 versus the lowest average average price of $73,500 in Troi- Riveréres. The 1994 forecast of major markets markets also shows most centres will continue to struggle to pull out of the downturn which started in the early 1990's. "Sales of existing homes will recover only two per cent after dropping dropping eight per cent in 1993," says Daniel Guerrette, Senior Market Analyst Analyst for Local Markets at CMHC's Market Analysis Centre. Guerrette added that housing starts will continue to slip across ma jor urban markets, although they will decline by only one per cent this year, compared to eight per cent in 1993. This differs from CMHC's National National Housing Outlook (NHO), which forecasts a one per cent upturn in starts nationally, due to faster growth in smaller towns and cities. Starts will decline in the major centres because of a drop in rental construction. The bulk of the decline i is in urban centres west of Regina which will see a combined drop of 11 percent. Meanwhile, resale activity will rise as a result of increased demand in many mid-sized central Canada markets. Stronger demand resulting from faster employment growth is the key factor in the following markets: Sherbrooke (resale to rise 18 per cent), Sudbury (13 per cent), and Windsor (8 per cent). In Toronto, starts will rise 10 per cent after falling 25 per cent in 1993. The upturn in Toronto and other centres centres is being moderated by the recent rise in interest rates. THE EDUCATED BUYER Today's home buyer is no slouch! He spends a great deal of time comparison shopping and rarely ever purchases the first home that he sees or likes. The purchase of a home is a huge investment for most people and_they simply cannot afford to be nonchalant about it. If your home is overpriced, most educated buyers will discard it from their lists even though they may like it very much. Contrary to popular belief, 'most serious purchasers WILL NOT come to view an overpriced listing and WILL NOT "try an offer" simply because they don't care to be rejected and they don't want to waste their time, your time or the Realtor's. They WILL however, try an offer on a home which their research tells them is realistically priced and in their range. So to avoid disappointment, frustration and eventual failure, contact a knowledgeable Local Realtor when selling your home. He or she will price it realistically from the start by using documented statistics relating to comparable home sales in your area as well as current market trends. Call me for details on our 1994 Pontiac Grand Am sweepstakes. You could be a winner by listing or purchasing through me before December 15, 1994. I can be reached at Family Realty 2000 Ltd., 1 King Street West, Bowmanville, 623-2000 (24 Hour Pager). (g PnovidiNq OuAliiy ClEANÎNq Services For Boik REsidENTÎAl & Commercial Locations SpEciAlized Servîces iNcludE * GeneraI Interîor PAÎNTÎNq * Carpet Care * WÎNdoW ClEANÎNq Ask Us Àboui Ouu Sknîor Dîscounts Also À Créai Gifi IcIea Hockin Ken Hockin Real Estate Ltd. Realtor 123 King Street E., Bowmanville 22 TRUDEAU DR., BOWMANVILLE $126,500. Pat Marjerrison - 623-2478 (905) 623-4115 6 TAUNUS CRT., BOXMANVILLE $349,900. Al Beard - 987-4035 21 JANE ST., BOWMANVILLE $128,500. Pat Marjerrison - 623-2478 60 RUTHERFORD DR., ' NEWCASTLE $174,990. Al Beard - 987-4035 g 62 FIRWOODAVE., COURTICE $189,900. ' Marg Bain-623-2661 26 KINTYRE ST., COURTICE $164,900. Brad Hockin - 623-0398 2228 NASH RD., BOWMANVILLE $289,000. George Wallace - 697-3165 STRAWBERRIES Expected to start June 27 ufsanUhrms proudly presents our i # 25th ANNIVERSARY r Y ,ck Strawberry Festival ^ Friday, July 1st and Sunday, July 3rd FARM MARKET NOW OPEN 9 - 7:30 Daily Bring along the whole family. Enjoy a wagon ride. Kids can play at our creative playground, watch our magician, visit the rabbits, calves and sheep at our Petting Zoo. See if you can find your way through our STRAW MAZE. • Strawberry Shortcake • Chocolate Covered Strawberries Proceeds from July 1 st donated to the local "Big Sisters" and on July 3rd proceeds go to the "Girl Guides". OUAUf Y FARM FRESH PRODUCE 'atson 'Farms R.R. #2, Bowmanville CROP REPORT 24 hours 623-7252 U-PICK HOURS Sun. to Fri. 8:30 to 8:30 Saturday 8:30 to 5:30 MARKET HOURS 9 to 7:30 Daily WE ALSO OFFER: • Peas > Beans > Raspberries • Broccoli • Rhubarb