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r4 thetribune thursday may 15 1975 hiconomyv slows v pace of building- snapping centres shopping centres in operation sunder construction or on the planning boards in canada at the end of 1974 totalled 1157 an increase of 216 per cent over the previous year j the comparable figure for the united- states was 17725 up 673 per cent from the previous year according to i the i national research bureau burlington iowav j the bureaus shopping center directory to be published may 1 indicates no radical change in the continued penetration into the x small and medium sized metropolitan areas by retauersand developers m in these economically challenging times shopping centres are still being planned and built but at a slower pace commented miltonpaulethe bureaus vicepresident wellplanned welllocated and well- managed centres with strbngretail tenants will become increasingly important in existing markets v the members of the york region real estate board recently elected the following at their annual meeting held at the aurora highlands golf club bottom row jaite haight douglas meharg f r i past president donald bill burd grace burd estate properties commanding high prices gerry meharg reports that the demand for homes on small acreages within commuting distance of toronto is continually increasing l ft- zt f the increased demand for acreages and smam farms j has beencaused by the introduction of the jontario speculation tax a persons maindwellingandten acres is exempt from thetax as is a persons j recreational property and twenty acres i i h mr meharg reports that the staff has ust completed c st3 an in depthcourse oncapitagainswhich be of 9 assistance to theirclients f l i r r- ba recent ad in the toronto paper advertisingatwo- v vr bedroom home with ten acres af3underland- for t 00 brought fortyseven caljs the property r si was sold within 3 days l v- v l the demand for properties extends io the beaverton r sunderland lindsayand pbftperry 3 sr gerrvmeharg tv j earl dowswell young president gino matrundola first vice president robert daviesf r i second vice president top row stuart symington donald glass jdhit dencli f rl it keith e rose r case f r i neil johansen broker says 1 y crisis predicted for housing scene vin coming year if near crisis- housing conditions in canada are to improve by the end of 1975 government leaders must temper their views and reconsider their actions states the chief executive-of- canadas largest diversified real estate brokerage company gordon c gray president of a e lepage limited said there are- basic dilemmas and questions that canadians are faced with the questions need answers but currently there are none tc- i- monarticular mr gray said the extent and timing t government action to prime the economic pump the effect of arab petrodollars jbn western- economy and the uncertain long term effects of a recessionary cycle with uncontrolled inflation are questions that- inhibit accurate forecasting- of the futureof ttieiwestern world as weknow mr graysaid governmentsiihould continue to rely on the free enterprise system sy as a means of regulating and stabilizing the market place the market systemis one of the most democratic instruments for mat- ching up peoples needs regarding quality and pricewithin this system there is room for certain legislative control mechanisms and protection in order that the economy does not become a free-for-all- butthe market should not be used to fulfill the function of redistribution of in- 1 come he warned when this happens we have builtin rigidities which result in inef- cficiencjes and increased costs thereare now iso many areas of government ihterfererice v that the system is no longer functioning properly c v as long as our government fails to deal with this fundamental disorder by confronting it directly at policy level it will continue to malfunction the lepage executive predicted ks ia government cannot recognize the need for productivity reduce incentive to a low level priorityand stillsayit fosters afree enterprise economy hesaid 7 tjhe pointed to a housing shortage as one of canadas most pressing problems j the problem lies eritirelyin uiejcreation of siipply while- governments have repeatedly acknowledged their awarenis of the pending shortage it is strange to note that every piece of legislation whichfaffects housing ahdexisting attitudes whichare in- tended to be translated into legislation have had a directly- adverse and restrictive effect j6irnew supplies mrgray noted il because of the high mortgage ratesrid eicalating housing pricestmany of the home buyers that once looked to single family dwellings are forced to temper their goals and v must now look to multiple family housing fc j