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Apartment Vacancy Rates on Decline The Canadian Statesman, Bowmanville, Wednesday, July 27,1994 3 Spare Change Helps Support Hospital Apartment vacancy rates across Durham are down due to improved economic stability and fewer assisted assisted rental units being built. That's the view of the Canada Mortgage and Housing Corporation in its spring rental market report. The semi-annual survey of apartment apartment owners and superintendents sets the vacancy rate for the Oshawa census metropolitan area at 4.1% in April 1994. This is moderately lower lower than the April '94 Canadian average average of 4.6%. This means that 41 out of every 1,000 units in private apartment buildings with three or more units z TOP 10 REASONS WHY YOU SHOULD HIRE A STUDENT 10. It's summer! 9. Your yard is a jungle. 8. Students are people too. 7. You're too tired to do the job. 6. Tuition is on the rise. 5. Preserve family sanity. 4. Found money in the couch. 3. Pity. 2. Parents fear t.v. addiction. 1. You were one once. Canada Employment Centre for Students Oshawa 435-4669 Pickering 831-7651 HIRE A STUDENT CanadS Development Canada were vacant and available for rent. Last fall tire vacancy rate was 4.6%. The decline is a continuation of the downward trend which started after rates reached a record high of 6.1% in October 1992. During the late 1980's, there were practically no vacancies and the vacancy rate averaged 0.4% in the Oshawa CMA. During the early 1990's, the vacancy rate increased sharply due to the economic slowdown, slowdown, reduced net migration, increased increased supplies of rental housing and movement of tenants into home ownership. The April results indicate that the rental market both in Oshawa CMA and the Durham Region is gradually recovering towards a more stable situation, the report states. The lower vacancy rate continues to affect the most popular unit types, 1 and 2 bedroom units. Higher vacancy vacancy rates were observed for both bachelor and three-bedroom units in the Oshawa CMA. At the end of the 1980's home sales consisted mainly of move-up and investment buying. Sales in the The Statesman Proofreader's Words of the Week... Â) spat - A short gaiter worn over a shoe and fastened underneath with a strap. whiffletree - A horizontal crossbar to which the ends of the traces of a harness are attached. 'Hands On Music Company • Sales • Service • Consignments • New • Used • Vintage Acoustic Guitar Workshop (Beginner - Intermediate Level) featuring Mose Scarlett Saturday, Sept. 24 from 2 to 4 p.m. . Tickets - $20.00 12 Silver Street Bowmanville, Ontario L1C 3C3 Telephone (905) 623-7474 © SfSL rltV s 1994 SENTRA 2 Door Coupes NOW SALE PRICED FROM 4 Door Sedans NOW SALE PRICED FROM 1994 MAXIMA "GXE" Loaded NOW SALE PRICED FROM SKOALS OF THE MONTH $ 10,990 $ 11,290 $ 22,990 Ask about our very special rates on 24 and 36 month leases. 1994 HARD BODY PICKUPS NOW SALE PRICED FROM SUPER SPECIAL $ 10,990* SAVE $2,000. ON ALL IN-STOCK 4X4 KING CABS 'Freight and PDE ($090), Tax os, Liconco extra MIDWAY NISSAN 1300 DUNDAS STREET EAST WHITBY 668-6828 SERVING DURHAM SINCE I960 ' 1990's, however, have been dominated dominated by first-time buyers. The percentage percentage of renters who can afford to buy a home has increased steadily since 1990. However, with recent volatility in mortgage interest rates, Report indicates available apartments have dropped to 4.1% from 4.6% a year ago home sales volume may slow over the summer months. One of the other key factors affecting affecting the rental market is new construction. construction. There have been no rental completions completions in 1994 and in previous years rental completions consisted almost solely of assisted housing. Completion of ownership units, however, showed a healthy gain. This is indicative of increased movement of tenants into the new home market. In Clarington, between January and April 1994, 279 freehold units have been completed. In all of last year there were 412 freehold units and 68 assisted rental units built for a total of 480. In 1992, there were 888 freehold units and 126 rental assisted assisted units built. So far this year there have been 174 housing starts but no rental assisted assisted units. Last year there were 512 housing starts recorded and 12 rental assisted units. In 1992 there were 731 housing starts and 116 assisted assisted rental units. With no significant job growth and only limited population growth in sight, the overall impact of the economy on the rental market will be unchanged from last year. The CMA report, however, predicts predicts a further decline in the vacancy vacancy rate over the next six months, perhaps dropping as low as 3.6% by October where it is expected to remain remain until spring. Works Department Employees Stay Injury Free for 500 Days Clarington's Public Works Department Department has completed 500 working working days without a loss of time injury. injury. Walter Evans, director of the department, department, said the best record previously previously had been 45 days. This means that in the past 500 days, no works department employee employee has been off work for a full day because of an injury sustained on the job. Evans attributes this achievement Carey Majid and Anna Strike popped into The Statesman office last week to show off the nifty spare change collector bucket Memp- rial Hospital is using in its latest fundraising drive. Anna Strike, chair of the Memorial Hospital Foundation, noted the money raised will be going towards the buying of new equipment as well as replacing old- . , er pieces of equipment. Majid has dropped off 150 bright pink buck- to extra efforts in the area ot satety ets j ntQ downtown businesses. She said business owners were more education. than happy to help Memorial Hospital with its campaign to raise A member of the staff has been $250,000 for equipment. In return for her assistance with the spare trained to instruct fellow-employees change project, the Memorial Hospital Foundation will be making, a in skills such as the safe operation donation to Carey Majid to help her travel to Guyana where she will of a chainsaw and truck and back- be doing volunteer work for health clinics and also environmental hoe safety. projects. A SHARE program operated by the department also ensures that safety programs, information and videos can be shared among local municipalities. Student Employment Centre Closing Office for Summer Bowmanville's Employment Centre for Students closes tomorrow (Thursday, July 28th) but youths seeking summer work can still scan the job boards at the Oshawa job office. office. "Any job postings in Bowmanville Bowmanville will be transferred to Oshawa and Oshawa will have its own listings listings along with that," says Daniel Munns, Summer Employment Officer. Officer. The Oshawa office relocated last Friday to the first floor of 78 Richmond Richmond Street West. Mr. Munns notes it's easiest for visitors to enter from the rear of the building. As of Tuesday, positions for restaurant restaurant staff, and positions at a gardening gardening centre and at a construction site were still available through the Bowmanville office on King Street. Daniel Munns plans on using his last few days at the local employ ment office making calls to potential employers. In the weeks to come, he will follow follow up with SEED (Summer Employment Employment Experience Development) employers and employees. He'll prepare a report for the federal federal Human Resources Development Office about the value of various promotional events and he will include include suggestions on how service can be improved for next season. "We now have a data base compiled compiled of all employers who hired during the summer of '94 so the Employment Officer next year can pull up information on which companies companies hired and when, what position position were offered, and whether they were government funded." To contact the Oshawa Canada Employment Centre for Students, phone 435-4669, extension 2050. with Elizabeth Belanger-Linkletter CTC A cruise is a high value vacation vacation buy! That is a statement which is never going to change. We are all aware of the current current problems with our economy. economy. But at a time when many of us are cutting our spending, cruise bookings have reached record levels. The reason for this of course is value for your dollar. Service, variety, entertainment, appealing appealing destinations and high satisfaction satisfaction ... a cruise vacation provides it all. A cruise is an all inclusive vacation package and can fit into the vacation budget of anyone. Cruise vacations now come in lifestyles. A cruise offers something for everyone and you can also shape a cruise to fit your vacation desire. Pre and post cruise land packages are also available and can be paid for in Canadian dollars. From Carnivals "FUN SHIPS" to Princess cruises "LOVE BOATS" we have a cruise with your name on it. Drop down and borrow a video, it may help you make up your mind or at the very least it may start your thought process. If you have travel tips that you want to share in this column, column, call Blessings Travel Centre. almost every imaginable size and shape and for all tastes and Remember, when you think of Travel, Think of Blessings Travel Centre Vanstone Mill 623-0005 z o -tn DC UJ Q DUNDAS ST. E 2jl HWY.401 o] 1 ■ ■■ DURHAM REGION NOTICE TO THE RATEPAYERS OF THE CORPORATION OF THE REGIONAL MUNICIPALITY OF DURHAM The Audited Financial Statements of the Corporation of the Regional Municipality of Durham for the year ended December 31,1993 are available from the Regional Finance Department. Anyone interested in obtaining a copy of these statements should write to the Finance Department of the Regional Municipality of Durham, 60 Bond Street West, P.O. Box 618, Oshawa, Ontario L1H 8B6. The following financial highlights reflect the operations, assets and liabilities of the Regional Municipality of Durham including the waterworks, sanitary sewage and waste disposal systems and the Durham Region Police Services Board. COMPARISON OF CONSOLIDATED REVENUES AND EXPENDITURES (All amounts in thousands of dollars) CONSOLIDATED BALANCE SHEET (All amounts in thousands of dollars) WHERE THE MONEY CAME FROM: 1993 $ 1992 $ Requisition on Area Municipalities 104,295 98,852 Ontario Grants 161,753 158,607 User Charges 85,947 81,489 Other Revenue 22,372 22,784 Proceeds from the issue of Long-Term Liabilities 6,690 -- 381,057 361,732 WHAT THE MONEY WAS SPENT FOR: General Government 8,576 8,232 Protection to Persons and Property 55,391 56,970 Transportation Services 33,590 30,903 Waterworks Operation 35,529 37,087 Sanitary Sewage System 55,447 42,726 Waste Disposal 11,494 13,419 Health Services 8,442 8,222 Social Services 118,822 113,405 Senior Citizen Services 37,497 32,170 Day Nurseries 8,101 7,380 Family and Children Services 2,397 2,466 Planning and Development 3,896 3.988 379,182 356,968 Excess of Financing Over Expenditures 1,875 4,764 Fund Balances, Boginning of Year 144,701 139,937 Fund Balancos, End of Year .146,576 144,701 ASSETS Cash and Short Term Investments Accounts Receivable Other Current Assets Restricted Assets Capital Outlay Financed by Long-Term Liabilities and to be Recovered in Future Years LIABILITIES Accounts Payable and Accrued Liabilities Current Portion of Ontario Housing Action Program Loans Other Current Liabilities and Deferred Revenue Net Long-Term Liabilities Other Long-Term Liabilities FUND BALANCES Reserves and Reserve Funds To be used to offset taxation or user charges Unexpended Capital Financing Trust Funds Administered by Region 1993 1992 $ $ 60,650 54,506 35,144 34,861 8,427 7,752 87,757 85,360 14,597 11,878 206,575 194,357 35,484 34,073 1,483 1,278 4,585 2,427 14,597 11,878 3,850 -- 59,999 49,656 117,487 113,522 5,954 3,971 23,135 27,208 146,576 144,701 206,575 194,357 2,132 2,146 ©