Page6 Sidney Area Has Surplus Of Houses For Sale Sidney realtors agree in principle with statements made by Eric Charman, B.C. Real Estate Association President when he warned that people looking for excessive profits in the current market should “think again’’. He said that there are more homes offered for sale at present, than at the same time last year, even though total number of sales is up 15.2 per cent from last year. Last year’s sales were to the value of $80 million whereas this year’s are $93 million. Charman said many sellers are still trying for huge profits and as a result their houses are not selling until they move toa ’ more realistic level. Mr. John Bruce of Sidney Realty agreed there were more houses available in Sidney than at this time last year but pointed out the situation here is vastly different from Vic- toria. For example there are almost no rental apartments ‘availablein Sidney. Looking in the columns of the Review verifies this. Rental accommodation is unavailable because of the - |RarsabA toh asm dndban Pakistan gets its name from the parts-that make it up: P-Punjab, A-Afghan border states, K-Kashmir, S-Sind, . and Tan for Baluchistan. Mr. and Mrs. Barry Bickford with Brian, Joanne and Sandra | tember Ist by air, for a month’s holiday visiting many friends returned to their home on Wallace Drive recently after spending 3 weeks holidaying in Southern California. They visited Disneyland and spent some time with friends in Canoga Park and also took side trips to Mexico and Las Vegas. . * bd Mrs. E.G. Woodward of 949 Grilse Lane has returned from a six weeks’ trip she made with her brother and sister-in-law-to Fairbanks, Alaska, where they stayed with her nephew and his wife. Their return trip took them to Dawson City, Dawson _ Creek, B.C., Edmonton, and then south to Calgary where they. stayed with relatives-at Arrowwood, south of Calgary; and they enjoyed a short stay at Banff before returning to the + coast. i ' * * Mrs. Eileen Vanderzwaal, West Saanich Road, entertained in honour of Jessie Barlow and Mary Thomas who leave on Sep- 6 DOOR PRIZES Don’t forget to enter your name. 7 y' one Open 9:30 a.m. to 5:30 p.m. MONDAY TO SATURDAY PHONE 652-5612 APPLAUSE DRESS PANTS PULSE PANTS HANDBAGS JEWELLERY THE REVIEW Wednesday, August 11, 1976 area’s water shortage. Therefore no sub-divisions have been allowed in past few years. Bob Gibbs of the Sidney Water Works has some 700 applications for water con- nections at this time. Mr. Bruce felt this situation would change dramatically if and when a Peninsula Water Board is set up to expand existing facilities. Mr. Karl Drost of Saanich Peninsula Properties said the average Sidney house is priced at $55,000 and that to rent it an owner would have to charge $550 per month to get a 10 per cent return on his investment. ‘So it is less trouble to leave the money in the bank to gain the 10 per cent.”’ As for the surplus of houses for sale in Sidney right now both men partially blamed it on high mortgage rates. Building a new home, however, is no less costly. “*If we estimate that building costs are $32 a square foot, a 1,000 foot house would cost $32,000, plus the cost of the lot. The average 55 foot lot here costs about $23,000 so there you have a total cost of $54,000,’’ said Mr. Bruce. “And how many people build a house as small as 1,000 square feet?’’ . : Bruce said that Sidney was a very favoured area. ‘‘We are not as susceptible as Victoria. Not so many ups and downs because so many stable, retired people come to live here. SIDNEY CRAFTS 2384 Beacon 656-5773 will be closed for holidays from August 23rd until August 31st. When Sidney Crafts re-open after holidays. they will have new business hours Tues. - Sat. 10:00 a.m. to 6:00 p.m. CLOSED MONDAYS BEEF SAUSAGES BREAKFAST SAUSAGES | SIDE BACON SLICED BABY BEEF LIVER HIND GRADE ‘A’ QUARTERS OF BEEF is. CUT, WRAPPED & FROZEN GRADE ‘A’ SIDES OF BEEF Where meats are a specialty, not a sideline .FOR SERVICE & QUALITY Local Butchers _ Open Daily 8:00 a.m. to 5:30 pm SPECIALIZING IN FRESH CUT MEATS: AND HOME FREEZING SUPPLIES ». 99° $409] 49 wl | vw 19° $y19 Graceful swans in Roberts Bay captured by Review photographer Gail Wallace. Right now, most homeowners on the Penin- sula are reading this paper. That’s why our Review classified advertisers find it so easy to sell anything from real estate to kitchen sinks. Inexpensively, too. Businessmen and women know that classified ads are a great way to let the area know about their services. PENINSULA PEOPLE made by the Barlows, when they lived in various cities which | include Paris, Prague, Budapest, Rome, Athens and Istanbul. ' .° Check our prices before you buy or sell anything SEE THE PROFESSIONALS IEY 9817 meeps Resthaven * * — USED FURNITURE — T.V.’S APPLIANCES — ~ TOOLS — WHAT HAVE YOU FOR PROMPT FREE ESTIMATES PHONE 682-1711 * . * lt's our Birthday : S\i) and we're having a A clearance of all summer sportswear dresses and bathing suits. Up to J of off «=©0—0- EVEN MORE ON SOME ITEMS © | LOOK FOR UNADVERTISED SPECIALS! Pulse | ] 5 % “OFF Denim Jumpers Back to School Specials Page 1 Stretch Denim Pant Suits 35.050 Reg. ‘58 only 32 Jump Suits Pantman Pant Suits Wrap Around Skirts $9500 Reg. *67” only Tennis Dresses Reg. *24™ to 527” only 515% New Fall Stock!!! $ 5 Dresses Reg. £23" — only 13° . $1 6995 Canvas Pants Reg. *18" only 12 ca inthe Spooner S Ladies Wear “Brentwood Shopping Plaza”. Corner W. Saanich and Verdier Ave.