Zurich Citizens News, 1977-01-12, Page 6Page 6
Citizens News, January 12, 1977
Canadian Real Estate Association
Predict good year for potential home- owners
The corning year will be one of
opportunity for families wishing
to become home owners and one
in which home sellers will have to
price them more realistically,
James M. Robb, president of the
44,000 -member Canadian Real
Estate Association (CREA),
predicted in a year-end
statement.
With properties being placed on
the market far exceeding
demand, coupled with a Large
unsold inventory of new homes,
at least the first half of 1977 will
be buyer's market, Robb said.
The number of properties on the
market increased by 23 per cent
in 1976, compared with 1975.
While prices of resale homes
climbed during the first part of
the year, they showed signs of
stabilizing during the latter part
of 1976, the Winnipeg real estate
executive noted.
However, he observed, the
ANTHONY HOFFMAN
At Huronview, Clinton, Ontario,
on Saturay, January 8th, 1977,
Anthony Jerome Hoffman in his
59th year. Beloved husband of
Anastasia (Denomme) Hoffman.
Dear father of Leonard S. of
Hensall, Donald G., Seaforth,
Leroy S., Hensall, Richard P.,
Zurich, Wayne J., Hensall, Mrs.
Sharon (Helen Marie) Willie, St.
Thomas and Miss Carol Hoffman
at home RR 3, Zurich. One son,
Jerome Anthony, predeceased
May 5th, 1963. Dear brother of
Albert, Zurich, Leo, RR 3, Zurich,
Brother Simon of Windsor,
Wilfred, London, Mrs. Joseph
(Rose) Traher, London, Mrs.
Reginald (Mary) Ducharme,
London, Sister Theresa, of
Bradford, Mrs. Dominic
(Doreen) Ducharme, Sarnia.
Predeceased by his parents Mr.
and Mrs Simon Hoffman and
brothers George (1924); Leonard
(1945) and Joseph Francis
(January 8, 1977). Seven grand-
children surviving. The funeral
was held Wednesday from St.
Boniface Church, Zurich with
Rev. Father Durand officiating.
The Westlake Funeral Home,
Zurich, was in charge. Tem-
porary entombent in St. Boniface
Cemetery.
JOSEPH HOFFMAN
Suddenly at his residence, RR 3,
Zurich, on Saturday, January 8,
1977, Joseph Francis Hoffman, in
his 61st year. Dear brother of
Albert, Zurich', Leo, RR 3, Zurich,
Brother Simon of Windsor,
Wilfred, London, Mrs. Joseph
(Rose) Traher, London, Mrs,
Reginald (Mary) Ducharme,
London, Sister Theresa, of
Bradford, Mrs. Dominic
(Doreen) Ducharme, Sarnia.
Predeceased by his parents, Mr.
and Mrs. Simon Hoffman and
brothers, George (1924), Leonard
-(1945) and Anthony Jerome
(January 8, 1977). The funeral
was held Wednesday from St.
Boniface Church, Zurich, with
Rev. Father Durand officiating.
Westlake Funeral Home, Zurich
was in charge. Temporary en-
tombent in St. Boniface
Cemetery.
DELBERT GEIGER
Delbert Laird. In South Huron
Hospital, Exeter, on Wednesday,
January 5, 1977, Delbert Laird
Geiger, in his 64th year. Beloved
husband of Beatrice (Hess)
Geiger, and the late Gladys Pearl
Elder (September 25, 1972). Dear
father of Donald and Ralph, RR2,
Zurich, Mrs. Donald (Mary)
Scafe, RR 4, Parkhill, Mrs.
Kenneth (Norma) Gemmell, RR
2, Kippen, Mrs. James (Ruth)
Rowe, RR 3, Ailsa Craig, Mrs.
David (Margaret) Steers,
London. Dear son of Mrs. Melizza
Geiger, Clinton. Dear brother of
Clair, RR 2, Zurich and Mrs. John
(Romayne)McClinchey, Clinton.
Ten grandchildren also survive.
Resting at the. Westlake Funeral
Home, Zurich, until Friday,
January 7, where funeral service
was held at 3 p.m. Rev. Bruce
Guy officiated. Interment was
made in Emmanuel United
Church Cemetery. Pallbearers
were Charles Erb, Keith Horner,
Wayne Horner, Larry McClin-
chey, Elgin Hendrick, Herb
Klopp. Mr. Geiger was a member
of the Zurich Lions Club and the
Huronia Choir.
JEAN MckINLEY
Mrs. Jean (Jane Campbell)
McKinley passed away January
10, 1977 at the Maitland Manor
Nursing Home in Goderich. She
was in her 102 year. The wife of
the late Robert McKinley, she is
survived by one son, Campbell,
RR 1, Zurich, one daughter
(Margaret) Mrs. Jack Scot-
chmer, RR 3, Bayfield, four
grandchildren and 11 great-
grandchildren. Funeral services
will be held at the Westlake
Funeral Home Thursday,
January 13, at 2 p.m. with Rev.
Reddoch officiating. Burial will
be in Bayfield Cemetery.
Support the Haws
OHA
Jr. `D'
Hockey
Thamesford
VS
Exeter
8:00 p.m.
Sunday, Jan. 16
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uiry St're
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resulting increase in monthly
payments will be partially offset
by two reductions in the bank
rate by the Bank of Canada
within a month. The bank rate
reduction will be reflected in
lower mortgage interest rates,
which in turn, will make' the cost
of home ownership lower in the
new year,
Average mortgage interest
rates have dropped from the 1134
per cent range at the beginning of
the year to 11 per cent and less.
Robb predicted a further decline
of 12 to 34 of 1 per cent in the first
quarter, followed by stabilization
and then an upward movement in
the Last half of the year as
demand for mortgage loans
escalates.
"Despite a sizeable reduction
in the rate of inflation, it is still
with us. Yet the average wage
earner in the past year has made
gains of 6 to 7 per cent in terms of
real dollars, which has given a
big boost to individual savings
and investment programs," the
president commented.
"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 a home
in 1977 will have a permanent
hedge against inflation for the
biggest single item most families
acquire during their lifetimes,
Moreover, if inflation produces a
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
a home owner from increases in
property taxes, interest 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 in-
creases are. The tenant pays
them indirectly through his
landlord and doesn't necessarily
know what they are,
A new round of oil price in-
creases has already. been
established and, based on the
previous performance of
municipal councils, no relief can
be expected from this quarter in
1977, Robb said. At the same time
he recommended councils and
other levels of government
practise the same degree of
restraint individuals and in-
dustries have been asked to
practise in the fight against in-
flation in the coming year.
The Canadian Real Estate
Association is an organization of
96 real estate boards and 10
provincial associations across
the nation and others, who have a
direct interest and involvement
in the real estate vocation in
Canada. It represents ap-
proximately 87 per cent of the
real estatebrokers and salesmen
in the country and is the national
voice to the real estate vocation
in Canada.
VANASTRA
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CENTRE
R.R. #5, CLINTON
BINGO
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at 8 p.m.
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Door prizes and many other
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Admission restricted to
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Our Sewing Machine Expert
Technician
EARL BERSCHT
will be at our store for demonstrations and
Repairs -
FRIDAY, JAN, 14
6 p.m. - 9 p.m.
SATURDAY, JAN. 15
10 a.m. - 5 p.m.
We Have
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SEWING
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By Bernina, Necchi
Morse, Universal, Brother,
Top Allowance Given to
Trade -Ins of Singer
Treadle -Machine
We now, have a large
Quantity Of Used
Fully -Reconditioned, Guaranteed
by
WHITE - ELNA - SINGER - HUSQVARNA
from
$79
Sewing Machine Stands
and Cabinets $59 UP
"The Stare that Saves You More"
on
MEN'S -BOYS -LADIES --GIRLS &
BABY WEAR YARD GOODS -
FURNITURE -MATTRESSES-
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APPLIANCES- LAMPS
HOLIDAY HOURS:
Thursday, Dec. 30 - 10 a.m.-9 p.m.
Friday, Dec. 31 - 10 a.m. . 5 p.m.
CLOSED JANUARY 1
Monday, Jan. 3 - Regular Hours
10 a.m. - 5:30 p.m.; Fridays 'til 9
p.m: