Barrie Historical Newspaper Archive

Barrie Examiner, 28 Jan 1977, p. 15

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Elly iliarriv Examiner waterom Gab uhLl si LUHHUUIHS allv thvo Friday allualy 977 gt tolesten tain foodsuppienients along him tron with lifting weights were ex tions He ucnon fifigmeiy effective in helping remind ti near weight would haseateni tary advice Whats Americar question one know vetodrom track for safe plat bicycling REALISTIC PRICES KEY TO 197 REAL ESTATE SALES The coming year will be one of opportunity for families wishing to become home owners and one in which home sellers will have to price them realistically Thats the key to the 1977 real estate market realistic prices states incoming president Harold Davis of the Barrie and District Real Estate Board With properties being placed on the market exceeding demand coupled with an unsold inventory of new homes at least the first half of 1977 will be buyers market The number of properties on the market increased by l7°o in l976 compared with 1975 for Barrie and district While prices of resale homes climbed approximately $2250 in Barrie during the first part of the year they showed signs of stabilizing during the latter part of 1976 However Mr Davis observed the resulting increase in monthly payments will be partially offset by two recent reduc tions in the bank rate by the Bank of Canada The bank rate reduction will be reflected in lower mortgage interest rates which in turn will make the cost of home ownership lower in l977 Mr James Robb President of the Canadian Real Estate Association recently released the following Despite silable reduction in the rate of inflation it is still with us Yet the average wage earner in the past year has made gains of to per cent in terms of real dollars which has given big boost to individual savings and in vestment programs Taken in aggregate factors indicate the scales at present are tipped in favor of the consumer of housing and this should continue for some months into the future The family acquiring home in l977 will have permanent hedge against inflation for the biggest single item most families acquire during their lifetimes Moreover if inflation produces further erosion of the dollar and there is every indication it will they will be paying for their homes in cheaper dollars with each passing year However Robb pointed out home ownership does not protect home owner from increases in property taxes in terest rates or oil or utility costs But these are burdens which home owners and tenants alike must bear The home owner pays them directly and knows what the actual increases are The tenant pays them indirectly through his Ian dlord and doesnt necessarily know what they are ln general Mr Davis has an optimistic outlook for the l977 Barrie and distiict real estate market When interest rates come down everyone benefits industry people in general and the country economy The essential factor in the bright outlook for 1977 will be that vendors price their homes realistically To do this they will need to rely on the ex pertise of their ieal estate agents to provide accurate market values ie basement din est of the mom th work therapy noon counseling chapel period completes the activities iseting OBrien tries to get the or the underly Barrie District Real Estate Board something iheir drintnrig naimed eattsm FRIGHT classic Kohoutek dis and vafiet to the souls It servers tast pinvachrlahtlu segtmg area style

Powered by / Alimenté par VITA Toolkit
Privacy Policy