Ontario Community Newspapers

Oakville Beaver, 4 May 1994, p. 53

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Construction of singleâ€" detached dwellings rose mainly in Ontario and Quebec, recoverâ€" ing from the extreme cold of the beginning of the year," said "The drop in multiple units can be traced to lower starts of condominium units in Alberta and of government assisted rental apartments in Ontario, following strong February results. Construction of multiple units fell 25% to 55,600 units SAAR in March from a strong level of 74,500 units in February. The decline of multiples was partialâ€" ly offset by single starts rising 15% to 63,000 units SAAR up from 54,700 units in February. otal national housing starts fell 6.9% in March, losing the ground gained n February and returning to heir low January level, reported Canada Mortgage and Housing Corporation. Total starts stood at a seasonally adjusted annual rate (SAAR) of 142,200 units comâ€" pared to the February rate of 152,800 units. Westoak ow March housing starts reverse earlier gains ve U 5 T 6S|=$ Mondayâ€" Thursday â€" 12:00 pm â€" 8:00 pm Friday â€" Closed Weekends Holidays â€" 11:00am â€" 6:00 pm In Ontario, urban starts fell to 34,100 units (SAAR) in March from 41,900 units the month before. The rise in singleâ€" detached construction was not sufficient to offset the drop in multiples originating from lower starts of government assisted units. British Columbia urban starts fell to 37,100 units (SAAR) "The outlook for housing clouded over in March after three waves of mortgage rate increases. The resulting higher cost may speed up some buying in the next few months. However, it may put a damper on activity for the second half of the year," Proulx added. Quebec urban centres showed the best regional improvement in March, with starts jumping to 29,000 units (SAAR), up from a cold depressed 18,800 units in February. Both the single and multiple dwelling sectors posted better results. Gilles Proulx, chief economist at CMHC‘s Market Analysis Centre. TOWNKHOMES BY THE PARK SALES OFFICE HOURS $145,900 ABBFY PRICES SUBJECT TO CHANGE WITHOUT NOTICE. E.80.€ Urban starts rose slightly to 4,400 units (SAAR) in the Atlantic region, from 4,000 units the month before. Starts rose in Nova Scotia (to 2,900 units) and Prince Edward Island (to 200 units), while they fell in New Brunswick (to 1,100 units) and Newfoundland (to 200 units). Starts also fell in Manitoba, to 1,200 units (SAAR) from 2,900 the month before. Activity was up in Saskatchewan with 900 units (SAAR) compared to 400 units in February. In the Prairie region, urban starts tumbled to a rate of 14,000 units (SAAR) in March, down from 22,700 units in February. Alberta starts fell to 11,900 units (SAAR) from 19,400 in February; the condoâ€" minium sector saw the largest drop, but the correction also extended to singleâ€"detached conâ€" struction. from 41,800 units, mainly due to a drop in condominium conâ€" struction. Starts of singleâ€" detached edged up. Overall marâ€" ket activity remains strong. _ from condoâ€" largest n also OLD C OUR COMPLIMENTS... To Rob and Andrew Anderson, Bryan Coleman and Bob Welch for a fine project in which we were proud to work with them. This type of quality in craftsmanship and management is truly rare today. We also extend our thanks to our CUSTOMERS who have made CHESTâ€" NUT ROW their new home. We look forward to your next project, in Oakville Yours Truly rooms with ensuites â€" ideal for nanny or inlaws. qgfigflc INVIDIATA $329 ’900 Recent renovation and addition by ‘Gren Weis‘ make this a sprawling bungalow with a spacious and bright open concept. Kitchen has glazed Mexican tile floor, ceramic counter and backsplash, pantry and is open to an extendâ€" ed eating area with vaulted ceilings and skylights. Finished lower level. 3+1 bedrooms. 3FP‘s. Private, wooded lot sides onto parkland. CHRISTOPHER G. INVIDIATA $599,000 Sales Representative GORGEOUS RAVINE PROPERTY GLEN ABBEY â€" Georgian built home with numerous upgrades â€" marble foyer, hardwood in living room, french doors. Eatâ€"in kitchen open to family room with gas fireplace. Double door entry to large master suite with sitting area and 5 piece ensuite. Second ensuite bathroom. Professionally finished lower level with recreation room and two bedâ€" CHRISTOPHER G. INVIDIATA Sales Representative PRIME EAST LOCATION CUSTOM RENOVATION ce .1 + € 0 A\(Cl A TRADITION IN LIVING BELFORD Sales Representative

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