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eerie eT on a eenemnmmmeesmmemmemeneammiieiemcachimeasesan ances cnausaeaoeaeeancannesoanaa ameter eeeenieeemnmmmientin mi ne een New Techniques | educe Costs The added cost of how gr ground wiring as compared overhead varies all the way from 1% times to as much as 20 times in the eed of 'of 4A 'THE OSHAWA TIMES, Friday, September 23, 1966 Home Ownership Hedge Against Inflation Trend Three things are certain-- death, taxes and inflation, Home ownership is the best hedge against inflation. The average price of new houses in Canada financed und- er the National Housing Act in- creased $746 or 5 per cent be- tween September 1964 and Sep- tember 1965. Contra! Mortgage and Housing Corporation, statistics show the average cost of an NHA bungalow was $16,- 682 in the third quarter of 1965 compared to $15,936 at the same time in 1964, MATERIALS UP 4.3 per cent Canada's price index of re- sidential building mater- fals (1049 equals 100) rose 4.3 er cent from 145.6 in Decem- r 1964 to 151.8 in December 1965. WAGES UP 1¢ PER CENT Average weekly wages of con- struction workers at the end of October 1965 rose 10 per cent to 108.23 compared to $98.76 a year earlier. Canada's consumer price in- dex reached 140.8 at the begin- ning of December. This was 2.9 per cent highter than the De- cember 1964 index of 136.8. These figures show the jump in house prices continues to out- pace the increase in the overall cost of living. That's why home ownership is the best protection against inflation. There is another attribute of real estate in an envestment. Whether you have a few doll: ars or thousands of dollars to invest, you can find a piece of real estate your size, one which you can wholly own, if troubled times come, and you own prop- erty, you can see it an you can analyze its needs, You are in a position to make your own de- cision: and do smething about an Real estate is more stable than the dollar. One of the ad- vantages of real estate is its non - liquidity. It's difficult to a richer, more luxurious life, both now and in the future. Few purchases represent the = and practicality 'of a © different The ANOTHER EXAMPLE phe Bai of For example, it is both pru- i dent and practical -- if you are|, But in. general, costs have young or in the middle years! dropped dramatically over the -- iv esiayisn an invesiment|eo "oes voto H program. From the day you)!" 1955, according to a sur: buy your home you have the|Vey of utility companies across cornerstone of such a plan. The| the agg lg cost 4% to 5% down payment represents your|times hi to run wires equity in the property, and as underground as overhead, Last you make the monthly payments|¥ear the average premium was just like monthly savings ac- two times. count deposits -- you increase}, Some of the trends ; which that equity at the same time costs you are enjoying your home. More than one young couple Phone who bought a home first have) 2"tenna; found that by the time their WA children are ready for college,|chase as an investment is pro- they had their home compiet-|verbial. Real estate values, ely paid for and were ready/more than any others, hold to finance that all - important| their own whether it is the day higher education, And later, af-|of the declining dollar or the ter the children were launched|era of hard money. Given the in life and retirement rolled|growing population and the around, the full equity in the|fixed supply of land, it may house could be applied on the|be said that if you choose your purchase of new quarters in the|property wisely, there is only desired part of the coungry. one long-range way for real The security of a home pur- estate value to go -- up! A Versatile new method of Heating and Air Conditioning Your Home HIGH-RISE APARTMENTS NEW ORDER OF THE DAY é aed of par cho en 12 - lla ed Arms this building from air ex- ential areas have taken Apartment in e city's h on a more metropolitan look northwest sector adjacent bm pied Boruc and with the completion of such the Oshawa Airport. Part of ms: ane reused. buildings as the above, the the heat is recovered in --Ontario Hydro Photo Oshawa Fastest Growing. City In Canada Today Built By CHRYSLER CENTRE Just Arrived! Fresh from Holland TOP SIZE Over 100 Vorieties -- Imported DUTCH BULBS @ TULIPS @ HAYCINTHS @ CROCUS @ DAFFODILS Downtown Area 'Costs Increase Underground wiring -- al- ways more costly than over- head -- is even more so in downtown areas. The Real Estate economy in Oshawa is a shining example of Canada at work. Oshawa is the prejudiced the chances for ad- equate housing through it's pol- icy of holding down the build- Ottawa where it sell real estate in times of pa- nic. This prevents real estate owners from impulsive action in costs in the area, showed that cost four to five A survey of ee @ NARCISSUS @ Many Small Bulbs "DROP IN OR CALL" Installed By 3 H 0 M a Appliances 725-5332 method of heating and air-canditinn. = <= ing of houses this year. At the present rate 140,000 units will be started compared to last year's record of 166,000. Can- ada's house builders need to) build at least 250,000 a year) to keep pace with demand. It| is time the Government rec- ognizes responsibility towards housing as a subject deserving the highest priority in national | BIG CUTBACK boomingest city in Canada to- day, quoted Donald B. Kirkup, Public Relations and Research Director of the 37 » member Toronto Real Estate Board in April of this year. It is the opin- jon of many that Oshawa still is. moments of economic upheaval. Many elderly couples are living comfortably today upon the in- come from property they were unable to sell in the depression of the thirties, Owning a home is like having your candy and eating it too, Nothing offers the potential of times as much to go under- ground in new subdivisions, the premium rose to ten times in downtown locations. Easing the added cost, how- ever, is the possibility of favor- able financing terms under the urban renewal porvisions - of the National Housing Act. Van Belle Gardens "Your Friendly Garden Centre" 5 MINUTES EAST OF OSHAWA 623-5757 TE | On Highway No. 2 Oshawa the fastest growing city in Ontario with. a popula- tion growth rate more than double all the metropolitan and major urban areas of Canada. With an annual rate of popula- tion growth of 5.1 per cent between 1956 and 1961, the Osh-|tight money policy is creating awa census area housed 81,000/inflation rather than controlling people in 1961 and now con-!,, Wiau wot 90 Simcoe Street North ha The Federal Government's The drastic cuiback in Nat- mest sencatianal ional Housing Act mortgage fi-| nancing for residential const- | tuction has created a shortage) of new homes in most major| urban areas across the country) and Oshawa will be no accept: | fon with the shortage appearing before the year is out. The rate of new house build-| ing in Canada has dropped to the lowest level in 13 years. COLORED PATIO pagid Wi Tocresncd. demas WALK SLABS wards, als increasing the price DRIVEWAY CURB of resaies. | PARKING BUMPERS T. iains D0Te 100,566 citi- : zens, * Oshawa has the highest rate of home owner occupancy of any industrialized city in North America - 77.4 per cent accord- ing to the 1961 Census compar- ed to 66.0 per cent for Canada as a whole, Eighty per cent of the buy- ers of houses financed under the National Housing Act in Oshawa had annual incomes between $5,000.00 and $8,000.00 more in this income range than any other Canadian city. While Oshawa is a city with a present, it is also the city of the future. It has tremen- dous natural advantages - an unlimited supply of water. The Kawarthas and _ Haliburton, within an hour's commuting time, provide recreational and resort facilities unsurpassed in convenient proximity to a great ; ; 2 : : " creases in marriages, immigra- industrial city, which will have}tion and net family formation a population of 300,000 in less|This mounting demand, unless than 35 years. |satisfied, will send prices even The Federal Government has 'higher. ing your home. is an important part of all building projects. Oshawa district con- tractors same time and are always assured of consistent quality with these precast concrete products -- © DURA STEPS ® RAILINGS @ WELL TILE © CATCH BASINS © CUSTOM PRECASTING SEPTIC TANKS Central Mortgage and Housing} Corporation statistics show the| average cost of an NHA bung-) months of last year. The present policy is failing to take into consideration in- | Does this Truck deliver Fuel Oil to your Home ? Big, clean, dark green and yellow Lander-Stark Fuel Oil Delivery trucks like this should be calling at your home -this-Fall. That's the way you'll make sure you're getting top quality fuel oil for maximum output from your heat- ing unit at minimum cost. No time like the present to make sure -- just sign up with Lander-Stark for Automatic Fuel Oil Deliveries for the winter, You won't have to phone for oil; your tank will be filled automaticaliy, as it needs it. Lander-Stark residential customers on Automatic Delivery qualify, too, for Free Annual Furnace Care and Free Emergency Service throughout the heating season. And remember, your furnace will be in the competent hands of Lander's own staff of heating technicians. All service is guaranteed. Sign up with Lander-Stark today -- just dial 725-3581 Pictured above is one of Kassinger Construction Homes in Beau Valley on al Verbena Court where a heat pump has been installed, Above is the new Medical Building on Bond and Division Sts. which is having the amazing new Air Temp Heat Pumps installed. Set It! and Forget It! That's all you have to do, Set it! and. Forget it! This electric heat Unit will maintain the same temperature all year around, at low cost, dependable electric heat. LOOK INTO AIR TEMP HEAT PUMPS! LOOK INTO ¥ HOME APPLIANCES 90 Simcoe St. S. (Oshawa) 725-5332 "<=" STARK OIL LIMITED, 43 King St. West, OSHAWA 725-3581