Whitchurch-Stouffville Newspaper Index

Stouffville Tribune (Stouffville, ON), March 13, 1969, p. 23

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the tribune thursday march 13 1969 page 9a local farm prices rose sharply during 1968 shea according to thos n shea fri prices for rural acreage rose sud denly during 1968 in all townships in york and ontario counties the unusual increase in price per acre in the stouffville area resulted largely from the acquisi tions in the uxbridge twp of approximately 7000 acres by revenue properties limited a toronto based land de velopment company the company plans to build a new town cen tury city with a proj ected population of over 100000 people within the next ten years mr shea also noted that the rise in acreage prices was associated with the prevailing ru mour of a new interna tional airport in the every wcfclv the tribune prints 7000 coriss is ji an xncbease of over 1000 copies in a tlttue over sfsa sear 4 pickering twp area to gether with the unbrid led activity and land speculators around the century city project acreage prices have risen from s500 to s600 per acre in early 1968 to 1500 to 2000 per acre at the beginning of the 1969 season a slight levelling of the market has been no ticed subsequent to the anouncement of reven ue properties that they have obtained sufficient land for their uses for 20 years and also follow ing the announcement of transport minister hel- lyer that the new air port was not going to be located in this area during 1968 the cen tral ontario region de velopment council met in the village of stouff ville to absorb local op inion regarding the four alternative goals of the metro toronto and re- g i o n transportation study mtarts the provincial government proposes to encourage land development ac cording to whichever of these goals is finally rec ommended two facts were appar ent at this meeting first that land values in the area were no longer de termined on the basis of an economic farm oper ation secondly that stouffville would parti cipate in considerable expansion no matter the worlds most versatile vehicle now available through cullough motors claremont 6492101 whitby brock f 6685231 which of the four goals were adopted according to cec hen dricks the stouffville manager of the shea company the drastically increased amount of land sales activity in the area has had an unset tling effect in the village of stouffville the amount of purely speculative land purch asing has caused re sponsible proven devel opers to retreat from the area hopefully the mas sive development of cen tury city will introduce to both stouffville and the surrounding town ships a stable land mar ket thereby encourag ing proven land devel opers to invest in our area hendricks said fat- mers moving into stouff ville noticed at the be ginning of 1968 a sub stantial rise in price in the residential resale area however this mar ket has levelled off sud denly because of the new supply of medium priced new subdivision housing this situation will pre vail as new housing starts continue in and around stouffville mr shea states that the future of the real es tate market in the aea of his company will be more predictable when the minister of munici pal affairs decides which of the mtarts goals are to be accepted and when he decides how the regional government concept will be applied to our area until that time the course of land prices appears to be subject to the activity of land spec ulators who have no par ticular interest in the or derly development of the area interested in buying complete herds and group 1 milk quota john walker phone 5197738035 loc kep jack grove 2943555 aylmer ont youve got the challenges weve got the challengers whatever your kind of farming you need the greatest tractor efficiency possible masseyferguson meets this challenge for more productivity at lower cost with the most advanced line of general- and specialpurpose tractors obtainable before making an investment in a tractor of any type take a closer look at masseyferguson you will see at once why these tractors are so accurately called the challengers we can 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