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su tribune april 26 1989 a3 real estate has budget jitters by bruce stapley stouffville- the number 6f stouffville area homes on real estate hold would seem to in- jdieate a return to a buyers jnarket and while there are concerns over a decrease in potential resales town agents and brokers 3gree some semblence of sanity has returned at midapril there were 114 houses on the stouffville resale market with additional for sale signs going up daily j however the consensus is if a house is priced fairly it will sell but it will take a little longer were busy says john i walley manager of farquharson irealty stouffville the markets still good but volume is down its a case of supply and de mand explains walley when there are more houses on the market prices are lower walley sees the stabalizing of prices as a positive trend itheyre prices simply levell- fing off which is good he states spring is a natural time of town market levels off year to sell says tom stephen son of home life town living many want their deals to close by the end of the school term in june also he claims speculations enters in if my neighbor received x dollars for his house then im go ing to try is a natural tendancy he claims high interest rates and the up coming federal budget are other factors he notes buyers are hesitant right now stephenson states there are no more houses coming on stream its just that theyre staying longer the same homes last year would have gone quickly when interest rates were ten and eleven per cent homes priced realistically e most vendors will stand pat by bruce staple y i as of midapril there were 114 jstouffville area homes on the market why the sudden surge to find out i went directly to the vendors and posed this ques tion why are you selling your jhouse out of 20 people queried seven vosaid they wanted to take advan- rtage of an inflationary market or vished to reduce their debt load fef said doug benedict of iron- rwood crescent i was able to purchase a larger home in cam bridge and remain almost mortgagefree i can drive to jwork in toronto as easily from cambridge as from stouffville most in the group of seven said selling of their properties wasnt i absolutely necessary x the kids are gone were look- i ing for something smaller replied paul roney ninth line north we may move a little further north and obtan j something cheaper but we dont have to sell i several are retired or semi- iretired just testing the market i two purchased homes on speculation and are now renting them out hoping to capitalize on the boom that characterized the real estate market earlier this year six of the twenty are leaving town because of business transfers four require homes that better suit their needs of the remaining three one is leaving the country another is retiring to florida and the other is the result of a marriage break up while reasons for moving vary a common thread exists this spells bad news for those in a hurry to sell the three day on- themarket offthemarket sales spree has come to an end at least for now eleven of the 20 homes surveyed have been listed at least two months and six over one month two have been on the market two weeks or less eleven vendors have been forc ed to reduce their prices those with homes on spec are holding firm all claim volume of traffic is slow concluded stephen welbourn of millard street we cut our price due to higher interest rates people seem reluctant to buy at this time editors mail are moving he says kathy clulow manager of family trust agrees for a house to sell on todays market it must be priced fairly prices at the beginning of the year were skyhigh she notes then more and more people put their homes up for sale because they saw what other people were getting many wouldbe buyers are holding off she says in anticipa tion of price drops theyre also worried about the budget she claims ross gallo of gallo real estate at ringwood feels a higher interest rate was the governments way of putting a lid on real estate prices that had gone skyhigh ottawas trying to slow things down and its working prices have dropped ten to twelve thou sand dollars in the last three weeks houses that back in january and february were on the market three days are now waiting two months he points out gallo claims real estate had gone too high in sept of 1985 you could buy a fairgate home for 94900 now theyre over 260000 sharron brazier of farquhar son realty shuns panic buying a few months ago it was almost impossible to find a house for a wouldbe purchaser she said she sees a lower sale volume as a positive thing recently she recalled atten ding 16 open houses in a single day there sure werent 16 sold signs to make up for new homes on the market she noted the reasonably priced homes are selling states loretta laveil of remax imperial theres no one saying if you dont buy this house two others are waiting its a more stable market today john whytall of countrye tyme realty believes high in terest rates and budget uncer tainties are hoding purchasers back no one wants to commit himself to further hardship he says many people he claims feel they can still get a good dollar for their homes there then head north were propertys cheaper the consensus is for the time- being at least the goose has taken a respite from laying her golden eggs this is good news for those purchasers whod come to see the stouffville real estate market as riding a runaway train need bicycle path dear editor the migration of colorful icyclists has returned to ninth xine north spring most certain- jly has arrived ive read that the resurfacing of the ninth from millard street to bloomington is imminent con sideration by council for the sharing of the roadway by both motorists and bicyclists is probable its been said that if a bicycle route is to be built in the future between bloomington and stouff ville it will likely be called the bob lewis memorial path hopefully this year if york region returns some of our tax dollars in the form of road im provements it will consider the imminent population increase in bloomington and further con sider the feasibility of adding 18 inches of resurfacing to either side of the travelled portion of the road the additional 18 inches would be marked by a solid white line and thus provide some degree of guidance to both the motorist and the cyclist and minimize the chance of future conflict between these two modes of transportation sincerely bob lewis rr 2 stouffville grown library receives feasibility study grant in an effort to plan the future of whitchurch- stouffvilles public library a feasibility study costing 11300 has been approved by the pro vincial ctoveroment on friday durham- york mpp bill ballinger presented a cheque in tht amount of 5650 to board chairperson monica van maris covering 50 per cent of the expense jim thomas the pending wilson budget and higher in terest rates have prompted a levelling off of real estate activity in stouffviue homes that previously sold in two or three days are now on the market five to six weeks while some ven dors have lowered prices most are hanging on a tribune survey reveals late alice lapeer memorial service held a memorial service was held last saturday april 22 at 11 am from metropolitan united church toronto for mrs alice lapeer following her passing march 5 in toronto luncheon stouffville parkview home auxiliary is holding a spr ing luncheon fri may 5 the location is parkview home auditorium rupert avenue serving time is 1145 am to 2 pm the menu includes home made soup a make-your-own- sandwich and salad bar and homemade pie this is an auxiliary fund raiser support of the community will be appreciated mrs lapeer a highly- respected lady had been a resi dent for a number of years at parkview home stouffville she was 90 born at brougham alice liscombe later married wakefield lapeer who predeceased his wife mrs lapeer once operated a boarding house in toronto some of her tenants remained with her more than 25 years she moved to parkview in the mid70s then to toronto so she could be closer to members of her family she was a member in the con gregation of metropolitan united church surviving are two sons leonard lapeer of ottawa bruce lapeer of toronto two daughters helen twilley of lon don and evelyn king of newmarket two adopted children margaret may and aarnett rowlison 14 grand children and several great grandchildren while living at parkview she was loved and respected by all residents and staff musical the silver jubilee club has ar ranged for a bus to leave stouff ville for newmarket on thurs day may 11 at 645 pm seniors will see the variety show musical cocktail 89 the cost is 9 per person there are still some seats available for reservations or additional information call elva boyd at 6405060 tops in marketing student heads class stouffville seventeen- yearold kevin akey valley road musselmans lake is a grade 11 student attending stouf fville dist secondary school recently he took his first step into the field of business he plac ed first in general merchandis ing master employee level in a competition held at the sheraton centre toronto the program sponsored by marketing education clubs of canada association included students from all across ontario kevin was honored at an awards banquet that concluded the seminar he received an engraved medal for his accomplishment hell now advance to the eastern seaboard champion ships in orlando florida with funding provided through york region board of education two other stouffville students cathy shinners and mike pongracz also did exceptionally well kevin is hoping for a career in business management hes vice- president of a 16member business management club at sdss headed by ted stonehouse the subject teacher is lillian ing kevins hopeful of additional competitions in the future itll look good on my resume he concluded seventeenyearold kevin akey valley road musselmans lake placed first in a provincewide general merchandising com- petition held at the sheraton centre toronto this qualifies him to participate in the eastern seaboard championships atorlandoj florida jim thomasf j v 1 earn extra money become a carrier today call 2948244 6402100 attention flyer advertisers vfe can deliver your flyers for as htle as 3vt cents apiece so tar this year we have deivered 856632 fivers doortodoor in markham unonvie mbken stouhvie uxbridge and sur rounding rural routes we can deliver your flyers on the day you wani in the area vou want anv quantity from 500010 35000 call advertising at 29422006402100 or distribution at 29482446402100 inserts for wed april 26th89 shoppers drug mart unionvie rsh market