: EXPOSED TO THE WEATH ER. v ‘With the number of First Responder calls growing, cold _. ‘weather earlier this weak caused some concern for. aging Rescue 01. The city will be ‘going -to tander Soon on a replacement emergency vehicle for the fire .department.' The concern then will be finding a warm, dry place to park the new vehicie when. tt isn't being used. Realtors happy with 5% solution — Canadians who. want to buy _ many - families in the Terrace ‘area who are now paying high rents and could easily afford | Mortgage payments but haven't. "a home can now get it with only five percent down. A new. policy ; announced last week by Canada, Mortgage . and: ‘Housing will allow the low down payment.on a federally-insured mortgage for first-time home buyers... The program also involves payment of an insurance fee and, for Terrace and other arcas outside inflated real estate mar- kets, a purchase price ceiling of $125,000. . Gordon Hamilton, president of the Northwest Real Estate board, says it’s: ‘good news for . both buyers and. the real estate ‘market. "It’s a great thing for young people," he said. . Hamilton believes there are bought because they can’t save enough for a down payment. The _ previous minimum down pay- ment under CMHC terms was 10 percent. In announcing the new policy, CMHC estimated that it ‘will enable 200,000 ‘Canadian families to buy homes instead of renting. | A government-insured mort- | gage for five percent down has been. available for about three _years through the B.C. MAP (Mortgage Assistance Program) initiative, but Hamilton points out that it requires the buyer to take out a second mortgage through the provincial. govern- ment in addition to the federally- ' insured. CMHC first mortgage: ° ‘The new. program allows the entire transaction to be done- through a first mortgage. “Hamilton said the lower down: “payment” “policy,” owhich* will be in effect for two years, should be good for the local real estate market. He: noted, how- ever, that the market already is strong but there aren’t enough houses to go around — realtors, ‘ are short of listings, and quality property that goes on the market is sold almost immediately. ~ FEBRUARY 12th TO 15th 1 0% OF F EVERYTHING IN STOCK ONLY Show them You Really Core WithaGiftfrom a i =". Lehmann Jewellers Ltd. - .. | a > SERVING YOU FOR 25 YEARS © Skeena Mall _ Phone 635-5616 ' now included in. the first draft of _ Terrace Review. — Wednesday, February 12, 1992 3 draft of . First draft budgets. are fick|e _ things, filled with much promise ‘but ultimately some disappoint- ment. For this reason, no one should begin. applauding city. on the back may help encourage long overdue positive action on a few traffic problems in. town. ‘Terrace’ city - council’ has adopted almost intact-the Tour- ism and Economic Advisory Commission _. recommendations finalized two weéks ago. Items - the city’s capital budget include _ a sidewalk on-the north side of Keith Ave. from the Greyhound bus. -depot fo Sande Overpass, and a pedestrian. controlled . crosswalk at Kalum St. and Loen | Ave, © Even without the pedestrian- _ traffic contro! signal at Kalum. . “and Loen, another measure to improve safety in that part of town is already under way. The city has already approved the ‘installation, of street lights. on: “nearly” every pole on. Kalun' : . between Lakelse. Ave; and Tuck ing the lights later this week, a B.C, Hydro spokesman said. A few other items that are. not council just yet. But a gentle. pat. Ave. B.C. Hydro will be install-" ; ol traffic concerns | ‘dominate first | budget. could soon be Pr tei at one, Ho tions. * Lazelle and Kalum, making -Kalum more of a secondary route in and out of the down. town core, may be preferable to removing sections of sidewalk: to: : ‘provide right turn lanes “of Lakelse. Another. TEAC proposal was. the upgrading .of all streets, ‘sidewalks and ditches in town. ° Council has sent that idea. ‘to . their Committee of the Whole: ‘to - . be discussed soon with the pro- posed 25-year city paving. pro- ‘gram. Public questionnaires ° ‘on that proposal mayb be in the mail. - soon. And finally; one other city intersection of concern may soon . be.addressed. Council has sug-: gested talks with the Ministry of . Highways. to discuss the merits of realigning: Tetrault St. with’ ‘Sande Overpass. It may not be.a new idea, but most people hav- ing - io use the Tetrault-Keith. intersection would likely agree i's one that’s long overdue. :