TheReview

Dear Residents of the Saanich Peninsula,

Oh — what a start in 1990! We’ve seen high interest rates, the death of
Meech Lake, recession in Toronto, the opening of Port Sidney, Sidney
beautification, and much, much more.

Through it all the Real Estate market has been taking interesting turns.
The rapid increase of prices and a slight decline in sales in the second
quarter of the year.

Lately we have seen vendors become more realistic when selling their
homes, in other words, not assuming a 50% increase per year in the
value of their home.

We have also seen a major decline in interest rates. The Bank of Canada
Tate is under 13%, prime bank rates of 14%, and mortgages back down
in the 12-13% range.

The last two months have been extremely busy; with a lot of people who
had been putting off purchasing — now back in the market. We are
seeing well priced and well marketed homes and properties selling very
quickly.

The outlook for the next three to four months is an increase in the
number of sales with prices expected to remain stable from the early part
of the year. Also, interest rates are expected to continue to ease slightly
over the next few months.

If you have been thinking of buying and have been putting it off — then
maybe now is the time. |

If you are interested in selling — then maybe you should give me a call.
Together, we can come up with a current market price on your property
and, if it is agreeable, I will then show you how I can successfully market

your property.
Or, if you just want to talk about what is happening in the market and

have some questions that need answering, then give me a call and I will
see if I can help you.

I look forward to hearing from you soon.

Sincerely, |

Ron Kubek, C.C.I.M.

President

NRS Peninsula Properties Ltd.
652-5171

Good People — Good Service