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11 #} \t perty," said H. P. Langer of the Canadian Association ‘of Real Estate Boards. "This is the reaâ€" vices of a real estate broker are|cent for N Fut NHA morl onl ul T ks ap available usually at no cost and|gages are mt....‘xmu "u',_'“u"“ of the "House of the borrower saves both time|saig Langer. ideas" at the National Home and money," he said. w f Show. "I am speaking specifically of Lenders are holding back beâ€"| "The impact of this concept conventional first mortgages C8USe there is some doubt as t0|was so significant that, as I that can be obtained from instiâ€" what the Government intends|stood there in 1962, I said, given tutions such as trust companies,|!t¢ 40 and they can get much |the chance to do the Home Show insurance companies and banks. better retgrn.s on convention@!|nouse again, I would not use Also, I am speaking of mortâ€" °"+828®. the circle and the dome as a gages on investment properties! "There is plenty of money|focal point only, but I would rather than on homes, but the around afid almost anything can|conceive the entire house made same principles apply." ‘be mortgaged provided certain|up of these circular elements. How can a specialist help you? |conditions can be met. Lenders| â€"â€"â€"â€"â€"â€"â€"â€"â€" e e He knows the market and‘have become more credit conâ€"|(ain a mortgage, but the interest just where a mortgage can be scious not only of the borrower|:ate would reflect the risk." obtained. but also of the quality of the| "The common interest rate is ® Keeps you away from loan tenants in a property. For exâ€"|seven per cent with lower interâ€" sharks that you might unwitâ€" ample, a tenant who was just|°st for exceptional cases. For tingly become involved with. ‘new in his business could not be| isky properties the rate would C _ _ ______jregarded as a good credit risk | tart at 7% per cent and go up ENSE aierarens ces memmmmnsiunecrecmcocmecccccs | $V NU : SHHL UC DOSSIDIE 1O OD* APORR there," said Langer. "There is no reason why a borrower cannot go directly to a lender, but there is no good Let our Etobicoke experts help solve your Real Estate Problems. NHA Mortgages Are Best IF you can get one WEST END BRANCH 2991 BLOOR ST. W. RICE CONSTRUCTION CO. LTD. GL. 1â€"4212 Styled and Priced for Every Budget Visit Our Model Homes Enjoy the Best in Convenient Living BE. 3â€"1121 soys real estate exec. PRICES START AT $15,600 DOWN PAYMENTS FROM $995 RDEEHiE M OPEN DAILY 9 T0 9 P.M. BRAMPTON | "No action has been taken to attract more mortgage money from approved lenders by raisâ€" ing the National Housing Act interest rate to 6% per cent: or |6% per cent. But then again, |$180 million will be made availâ€" able for direct loans through !Cenu'al Mortgage and Housing |Corporation to fill the gap and ‘meet the spring mortgage deâ€" ‘\mand. Then there is the possiâ€" |bility that the insurance and trust companies will return to the NHA mortgage lending field as pressure builds for them to get their money invested at a good yield." "Although there will be a temporary lag in housing starts with a swort adjustment period, the market will suffer no seriâ€" ous ill effects due to the impoâ€" sition of an additional 4 per cent sales tax on building maâ€" terials," Walton believes. "The increase in the building materials tax to 8 per cent OR ® Can advise on the business aspects. in respect to taxes, growth prospects, etc., yields and returns. "Many people might ask ‘Why not get an NHA mortgage since the interest rate is lower? It is "Lenders are holding back beâ€" cause there is some doubt as to what the Government intends to do and they can get much better returns on conventionai mortgages." April 1 this year may push up the end price of the average home financed under the Naâ€" tional Housing Act another $200 to $300," Walton estimated. ‘® Can negotiate special terms for special cases that the layâ€" man would be unaware of. true that usually the convenâ€" tional mortgage is seven p*T cent compared to the 644 per. cent for NHA, but NHA mortâ€" gages are almost nonâ€"existent," said Langer, "Realtors are happy with Fiâ€" nance Minister Walter Gordon‘s stand pat budget as it affects their profession," R. G. Waltun, President of The Toronto Real Estate Board said. The Federal Government‘s budget announceâ€" ments are prudent in view of the unknown factors surroundâ€" ing The Royal Commission on Taxation and a current study of world tariff structures. Couple Hundred Dollars More On Homes Due To Building Tax ‘"‘Realtors are mainly conâ€" cerned with the cost of housing as it affects market demands. RIDGEHILL MANOR BRAMPTON Minutes Awey and Stoves 3â€"4 Bedrooms Attached Garages Builtâ€"in Ovens Underground All Schools | ‘"We believe in the generally accepted principle that taxes| should be higher in periods of| prosperity so that they may be lowered w hen a _ recession threatens. Our Federal: Governâ€" ‘ment is sufficiently aware that |the health of Canada‘s $8 billion construction industry is essenâ€"| Trend in 1964 tion with the mood of a foreign country provoked and stimulatâ€" ed the design. In 1962, the focal! point of the design was the cirâ€" cular livingâ€"diningâ€"kitchen area which was roofed: by the triâ€" returned to the progressive apâ€"ithe distinct functions of th e proach to architectural design. house â€"â€" namely, the children‘s In the Japaneseâ€"style house Of area, the adults‘ area, the quiet "The impact of this concept was so significant that, as I stood there in 1962, I said, given the chance to do the Home Show house again, I would not use the circle and the dome as a focal point only, but I would conceive the entire house made up of these circular elements. "Repayments on a mortgage at an interest rate oneâ€"half perâ€" cent higher than at present reâ€" presents a burden five times greater for the new house buyer than the imposition of an addiâ€" tional 4 per cent tax on buiidâ€" ing materials," Walton explainâ€" House buyers are only interestâ€"itial to assure our economic well ed in how much it costs to get being," Walton concluded. into a home (down paymMent) j«â€"=«â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€" and how much it costs to Stay there. Down payments are lowâ€" er than ever and consequently| mortgages are higher. It would| be unwise at this time to inâ€" crease the NHA mortgage interâ€" To est rate. A half per cent jump| would tack $1,275 (about $4.25 a month) onto the carrying & _‘ PREVEI costs of a $14,000 mortgage | with c amortized over 25 years." lC LAÂ¥ "The common interest rate is seven per cent with lower interâ€" «st for exceptional cases. For isky properties the rate would tart at 7%4 per cent and go uP "In the house for 1964, I have "In 1962 the articulation of day should be a recognition of 17.3 12.5 $20 ill 15 15 adults‘ quarters separate from childrens _ / l f@C ) o hm J o h: * p e k * ce =" | weelt | * /mfl!‘l-: TE || _ | omm P mc â€" o. ; E* ‘PROPERTY _ SALES â€" THROUGH > Shedll mm ennnnseil roronTO REAL ESTATE BOARD . oc °_ MULTIPLE _ LISTING _ SERVICE is BA y LIST YOUR HOUSE FOR SALE SALES RECORDS SMASHED HOUSE SALES THROUGH MULTIPLE LISTING SERVICE ARE UP 40% OVER LAST YEAR 12,000 FAMILIES WILL BUY HOMES THROUGH PHOTO MLS THIS YEAR. WULTIPLE LISTINE SERYHICE Consult A Member Of The TORONTO REAL ESTATE BOARD ©B inow! , are were fairly well defined, and linked together . with a family room as a bridge. "In 1964, I am really going farther than I did in 1962. There are three distinct areas, each housed in a circle, amnd roofed under a dome constructed in the diotetic method, without any apologies whatsoever, and withâ€" out any reliance on the flat roof or the bridged roof. _ "In ©<1964, I have carried a mild rebellion to its ultimate "In fact, the rhythm of the circle is expressed even in the swimming pool. "I have used the circle, as I did in 1962, as a rebellion against the monotony of recâ€" tangular units that has covered our country. I want this house to be an expression of the forâ€" ward â€" looking thinking of the T oronto Metropolitan Home Builders Association. JAMUARY "I feel the architecture of toâ€" APRIL IS THE MONTH TO ... 4234 DUNDAS ST. W. PICKETTS NURSERY PREVENT CRAB GRASS with Greenfield TRIPLE ACTION CRAB GRASS KILLER Safe to use. Extremely effective. A work saver! Kills WHITE GRUBS. Kills CRAB GRASS as it sprouts. 10â€"55 FERTILIZER â€" longâ€"lasting, nonâ€"burning. 10 ths. for 1,000 o 56 ._........ . $4.95 25 Ibs. for 2,500 19. ft. _ 59 95 Eâ€"{i M 4 y Al!liiil e A s M the architecture of the past, with such refinements as can be efâ€" fective as a result of study, exâ€" perimentation, testing and prov ing of new products. Since the Home Show of 1962, I have put into effect the triodetic dome in a number of commercial strucâ€" tures which have stood the test of time and the ravages of temâ€" perature and climate. "It is pleasing to me to noâ€" tice, in aerial photographs of the New York World‘s Fair, the number of cireular and dome buildings. There can be very litâ€" tle doubt now in the minds of our critics that we at the Home Show were forerunners in the popular acceptance of this meâ€" thod of roofing an enclosure for human use. "The trick this year was to use this beautiful and elemenâ€" tary form of geometry in a patâ€" tern which would be original and different. And here is the pattern, in four circles connectâ€" ed by links, three of them enâ€" closed for living in and the fourth for outdoor swimming and recreation. "I have in this house finally emancipated the adult from the child, the child from the adult, in the optimum manner. I have created in one circle the adult house â€" their bedroom, their den, their dressing area and their bathroom. And I have creâ€" ated in another circle, the chilâ€" dren‘s home â€" their dressing rooms, â€" their bathroom, . their bedrooms and their play area. PH. 233â€"5641 "In keeping with the Home Show tradition, I have once again conceived of a house that can be built in Canada with maâ€" terials available in Canada. There are no impossible materâ€" ials in this house. It has in it materials that are presently beâ€" ing used by all of the members of the Toronto Metropolitan Home Builders Association, even in their most conventional houses. Both of these satellites are linkâ€" such as brick and block are it is c to the heart of the home in|highly adaptable to this preject| "W "In a sense these satellite buildings, This limitation preâ€" imeas offer you a chance to eat Yents us from properly exploit our cake and have it, too. They ing the warmth and romance of »rovide complete | separation of brick that could make the house unctions, yet with high tenâ€" an even greater building than sile connections by virtue of the mm corridors, ' $ e "The use of masonry elements YORK LUMBER %. 4x8 PANELS...2.89 «l hm u on * saike 3f * 4”4” CE &‘x7‘ BIRCH â€" MAPLE § 2 YORK LUMBER %%“ ‘fig'_f ,:::’:’y'; & Fa AZ on i ACi io zts | 7. l i ',5. { 32 ,‘.[ PLYWOOD OPEN DAILY 5.30 P.M.â€"SAT. TO 4 OPEN FRIDAY EVENINGS Louvre Panel Doors seeciar *« PLYWOOD x +s 2020 JANE ST. UST SoUTH OF HWY. 401 CH. 7â€"6644 SHELVING 1{onr Utility Pine 4 12 f _ m 29 Quality ARBORITE â€" FORMICA POPLAR s8.49 ABOVE IN 20 SHEET LOTS â€" LESSER ADD 20e SHEET. Each 99: 16‘ lengths. 10â€"pc. lots (Blackthorn) CEILING PANELS 3â€"PC. LOTS â€" LESSER, ADD 50e PER SHEET. THE ADVERTISER â€" Thursday, April 9, 1964 â€" C 33 Lloyd George s12.95 MAHOGANY J. H. CHILDS & SONS BUILDING CONTRACTOR RESIDENTIAL â€" COMMERCIAL BRICKWORK â€" MASONRY CEMENT WORK ALTERATIONS and REPAIRS from 29c F4 Choice $mail sizes; ft. ARBORITE FORMICA Larger sizes 19c eac1oR NORTH FROM 1680 ST. CLAIR W. l Viny! Asbestos 1st grade | _ #â€"carton lots Eaxch 8 | HARDBOARD FLOOR TILE Lesser Pak lots add 1c RO. 7â€"1191 OPEN DAILY TO 5 P.M. SATURDAY THLL 3 P.M. at large the challenge that we in Metro are, not only in step with the most progressive think» ing in home design in the counâ€" try and the world, but are, in fact, shead of any other single Vac s13.95 BIRCH axt s1 .59 a18‘s1.19 cloor'%' Showreom (10â€"sheet lota) KITCHEN CABINETS (Jane Branch) CL. 1â€"3561 .59