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"VANCOUVER ( (CP) —
economic forces that cashed
B.C: real estate prices
through the roof-last year
have settled on slumbering
Canadian property markets
east af Alberta.

Investors, = trom “Van--
couver, Calgary, Hong Korig,..
the Middle East and Europe, °
are looking for better in-.
vestment deals than they can

a ees

find in the sky-high market
on the ‘West: Coast. ~

Many are making tracks :

for new jnvestment frontiers
Toranto, Montreal,

—,

‘Regina, Saskaloon and even’
an aneinic’ market like

Winnipeg to.anap up what -

they perceive to'be’ bargains,

“We've bought, bell, in the
last. two’ months 130 con-
dominiums ‘in Toronto,
Ottawa and St. Catharine’ 8,”

“turning | his’ attention east:

re Se er a rs

. says Vancouver tax-adviser’ is: the. largest residential

David Ingrarn: we - iroperty ewner in Ontario, Is
. “TE you take a Took. in Tp: getting an . increasing
ronto, : ‘you feel fike J. A, -‘mimber of inquiries from:

'- Ewing. Property 1s. selling’ Western Canadian investora,

for one-half or one-third of - mainly from Vancotiver, to
the price in Vancouver." .. Purchase part of. its” in- |

Ingram | is. not “alone in ventory of 10,000" Rousing ”
_ units, > at
‘ward: . CMHC wants to’ ‘sell “10

—Canada “Mortgage and owneroccupants, not:
Housing Corp., which as a speculators, But a Toronto.
result of mortgage defaulls ‘CMHC official worries about

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estate investors cast eyes ¢

the. ‘intoxicated perceptions

of" property *.” values”
displayed by. Western Cana-
dians,

Sadie Moranis, president -
of: thé Toronto- Real Estate
Board; has seen @ mass .
influx. of. forelgn, buyers into «

af ..the ‘Toronto: market In the

‘fast few months, particularly:
: from Hong Kong. In the past,
“Hong Keng investors ‘Kept
their. ‘money in Webtern -
~ Canae and the Western
“United States, Css, 3.

2 “saDaon’ Devslopmest
* ‘Corp, and &° Vancouver’ in-.«
- vestment, group’ ‘recently
‘purchased ‘the 47-storey
- Place Victoria Stock .Ex-
” change ‘Tower in Montreal *
“for $85. milion. -Daon-

. '¢ president Jack Poole ‘called
| it one’ of the ‘best ‘deals the

“gompany had. ever made.

moter jnvestors ‘have
firmed: | to - Winnipeg,
- Saskatoon and Regina. As,
- one ‘real estate ‘company
executive put il, “dollars will
; chase deals no matter where
the market ig.” * :

In Winnipeg, the property
“market, turnaround,
predicted for a couple of
: years, seems to have

: arrived. «: ;

“hidustry ‘observers say ‘in
“yeptors -
Canada , -are - mainly
professionals who, as in-¢
dividuals of in| investment
| groups, are chasing all types
‘a Property — commercial-

Shopping:

° dominiums and single--

~,to those in Vancouver,

_ Couves, rose an average 41.
per cent; ever the. most
, Modest home. is @ atealat ,

from Western ©
are availgble in Toronto for

centres, apartments, con-' “Nancouver are selling for
$55,000 in Toronto.
family homes, in that order. * Some industry observers

Although each city. offers |

‘portunities, the , com- which already have shown
parativelyJow prices in all- signs of nioderating — will

these markets ‘mean a low rise no more than 15 per cent ©
* initial Investment’ and: high. . this year, eastern property .

capital appreciation because ~ prices will double i in the next
. jnvestors believe {wo years.’

oper pricés will even- ~ While westerners seem to
tually climb to levels similar: .

estate prices. in ;
Lower: -Malntand, eOhich |
‘eantres: On - greater. Van-

oe residents. of

$100,000:
But figures from the Cana-

dian Real Estate Association
-ahow that. prices © in
Metropolitan Toronto rose on
average only two per cent to”.
$75,621, Greater Montreal
eight per cent to $49,382,
Winnipeg two per cent to
$50,401, Saskatoon seven per
cent to $60,309 and Regina
two per. cent to $48,622,
Laxury condominiums in
‘prime locations that would
sell for between $175 and $200
a square foot in Vancouver -

' DUTIES:

regulations -

‘general public
between $80 and $90 a square -
foot, says Peter Maddocks, a
vicepresident'of A. E.
“depare. Townhouse” units “
that nell for 120,000 “in

groups.’

the address below.

Ki oF ier |

- predict that while Vancouver ,
different investment op: realestate price increases —

AGENT 8
EMPLOYMENT & MMNIGRATION

ANADA -
: CANADA EMPLOYMENT ce TRE
| TERRACE, B.C...”

This compeftition Is opan'fo both men’ “and womeri who:
_ Terrace: ane. », tocality.

" SALARY: S166 - 2101 per annum tvheder review)"

Interviews clatinants te” daiertiine’ "thelr
entitlement to benefits under. the Unemployment In-
surance program: provides information; counselling EB
andassistance to individuals experiencing problems in.
obtaining Income maintenance andor employment,
controls entry of claimants: Into Unamployment In. ff
sursnce maintenance - ; Program: : and ~adludicates,
contentious claims. te . :, .

: QUALIFICATIONS: Conipfétion of Secaiidary * DOT
or equivalency. combined with experience. ta? ‘
‘program administrationi.or “equivalent reer

- analysis and application: of laginintive acts or. -

- exchanging - la-dapth « toformation, with: ‘the a

° Knowledge of, English In eiierital
” Addittohat J0b- Information is available oy writing to.

“F “s ‘

v4 Toute informaticn retativesac ce poncours seat ‘disponible _
an antes peut are gbtenve er scrivent @ adresse

Send your siplieation foem andor: resume, . pot,
. Jo Reference Number #1-V-CEIC.023-BD, before 5 March, : -
> 198} fo: W.G: Duncen,“Public Setyiée Commission of! *-
: ‘ec aas 313- 1STSW. Georgia St Street, Vancouver, B.C. mf

“ sgeF

Tee Maral Tracy Februcry 26; 1981, Pag 3 ty

ote ato reaming tat,
‘eaitern property, ‘is under-(.

valued, easterners have long

Jooked ‘to the west for in-

veatment opportunities,
. "A great many easterners

are looking west,” Says,
“viee- oT
- president of A. E: LePage in. ww

Larry Gamble, .

Toronto, ‘The grass always:
seems greener on’ the other .
nide of the fence,” Lo

> FonctioA yubhqu

- Nalsing effectively. with qovarimest ottictals,. om |
employers and’ Fepresantatives of: ames

rag AEE

ia

Ed McEwen

‘ x

im McEwan

‘Al Westbrook Ben Laforest

We'll all
be here |
to help you

- Terrace, B.C.

“You probably don't realize it,
but your doctor spends an average of
three working hours a day on the

There are >some dl vi 1g
your medical plan
f.

deserve, but the economic pressures
created by too little time and too
“many expenses are makingit increas: :

esnt pay

ve 7

# "Help ushelp you.

m4

‘telephone consulting with patients, —_in, agly diffi cult
phoning in prescriptions, che _ The doctors of British Columbia. -
test results and conferring with. are asking the government to _,
doctors. on specific cases, * adjust the Medical Services Plan
These telephone calls and other fee scale to make-Plan payments -
professional duties aren't.cévered . °. ‘more equitable with increased
by the Medical Services Plan of British care costs.
Columbia, yet. they demiand in- - It will mean better care foryou.
"creasing amounts of your doctor's And after dll, thats >.
time andenery.' |g? what counts. °°. oh
‘Your doctor wants) = The doctors of British ue
“to give you the time‘and set Columbia, Help us
“medial attention you help you. 3 oy

My

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