' May 9, 1990 Castlégar News 87

BUT NEED
HOMES TO SELL
Ht

Cal
JORDAN WATSON
365-2166 © 365-6892

For o Free Market Evaluation
Castlegar Realty Lid. * 1761 Col. Ave.

“9

Please recycle The NEWS

Students in Selkirk College's
wildland recreation program
recently completed the
requirements for graduation
from the career /technology
rogram which includes
learning skills such as rock
climbing, canoeing, ski
touring, pork planning and

Congratulations to the
Zazoo Team!

Zazoo Beauty Centre captured 5 awards at the West
Kootenay Regional Hair Show held in Nelson April 28
& 29. :

LYNDA HANLEY
2nd Place
< Total Look
Avante Garde

s A
3rd Place

ladies
Visual Cut >

2nd Place
Sterling
Silver

ig: § may g
onto become conservation
officers, park wardens,
Interpreters and park
poosners with provincial or

leral agencies or any of o
wide range of jobs in
wilderness recreation
industry. Gathered on
campus for a class photo are
(standing, from left) Gordon
Gibson instructor, Brent
Lucas of J

john
Evdokimoff of Castlegar, Bob
Millar of Westbridge, Steve
Darling of Osoyoo: m
Postnikoff of C int Valley,
Byron Sharpe of Kaleden, Ron
on

hs of Stony
Man., and Len Dunsford
instructor. Seated (from left)
Randy Hannah of Kelowna,
Richard Zurrin of Thompson,
Man., Matt Lamb-Yorski of

Agassiz, Kevin Van Damme
of Princeton, Colin Hunter of
Nelson, Neil Lamont of
Winnipeg, Alex!

England, Heather Smith of
Salmo, Rob Thibault of
Abbotsford, Dean Rebinsky
of Kamloops, and Mark
Langford of Chilliwack. Not

Sharp of Alderg K

ig, Dennis of

Steffler i Geeonal . Tanja

pictured is Mary Jane Jojic of
i Ont.

ZELLA OZEROFF
2nd Place
Gala Evening. pB&
Make-Up

MODELS:

Teri Roberts, Ww.
Tammy Englesby,

Nita Schoonhoven,
Marnie Walsh,

Sue Ross,

Claudine Wilkins
Heather Sigsworth,
Ingaborg Thor-Larson
and Andrew Caron

2nd Place
Fantasy
=< Make-Up

Thanks to our models for
their time and cooperation.
We couldn't have done it
without you!

365-6000

Student tutors help peers

By KIM NIELSEN
Stanley Humphries
secondary school

What is peer tutoring? Surely you
have heard the word floating around.
Some people seem to have tutors,
while other don’t. How come only
Grades 9 and 10 seem to know about
them?

Peer tutors are students in Grade
12. The course is designed for senior
Students to provide one-to-onc
assistance for the junior students.
Teachers seem to think that students
relate and learn easily from someone
closer to their age. This way the
students get individual attention and a
little more encouragement.

Do students remember Jim Chap-
man coming into their English 11 class
last year? Well, he was looking for
peer tutors for this year. If students
thought that they would like to be
peer tutors, all they had to do was ap-
ply. They got to choose which teacher
they thought they would like to work
with, too. Then the teacher got to
decide which student he or she would
like to work with.

How does this work? If a tutor
teaches Science 9, that course is fitted

Mortgage buydowns can snare buyers

By ROB CARRICK
The Canadian Press

Mortgage broker Jack Ganz’s phone rings con-
stantly these days with calls from home sellers, all with
the same plea.

“They want to know if there’s anything that can
be done about high interest rates,’’ says Ganz, vice-
president of Foremost Financial Corp. in Toronto.

“There isn’t a lack of interest in buying homes

ADVICE

Attractive alternative
_ to cutting price of a house

Builders are also heavy users of buydowns, of-
fering cut-rate mortgages to lure customers into new
housing developments.

Buydowns can be arranged through a variety of
banks, trust companies and mortgage brokers.

The Royal Bank of Canada, the country’s largest

right now, but there. is a lack of interest in paying
today’s mortgage rates.**

Ganz has good news for his callers. To snare a
buyer, he suggests sellers spend some money to lower
their mortgage rate below what the banks and trust
companies offer.

In_real_ estate circles, it’s called a mortgage
buydown.

“Hf rates are too high, then the seller offers the
buyer ani ive,” sa V
lawyer Alan Silverstein. ‘‘It’s like what the car dealers
are doing.””—

leader, recently announced a
Program in Ontario under which sellers can buy down
a mortgage interest rate by as much as three percentage
points for a term of up to five years.

“A buyd ean be an to
cutting the price on a house,’’ says Winston Kassim,
the Royal’s manager of personal lending products for
Ontario. ‘

To arrange a buydown, the seller must first decide
how many percentage points to lower the mortgage
Tate and for what term.

He then makes a lump-sum payment to his mor-
tgage lender to cover the difference in interest charges

between the rate on the existing mortgage and the
bought-down rate. . ¥

For example, the mortgage on a house for sale
might be 14 per cent. The seller decides to entice
buyers by lowering the rate to 12 per cent fora one-
year term.

Doing this will cost $17.60 per $1,000 of the mor-
tgage. If the mortgage is for $100,000, amortized over
25" years, then “the ‘buydown would cost $1,760
assuming there are no commissions or fees.

“It’s really a legitimized sleight of hand,"’ Silver-
stein says. ‘*The seller can even try to get back the cost
of the buydown in the price of the house.””

For this and other reasons, he says, home buyers.
should be cautious with buydowns.

Buyers must be aware, for example, that once the
bought-down mortgage expires, their monthly
payments will skyrocket unless interest rates have
come down.

Because of this, Silverstein says, mortgage lenders
generally ask that buyers qualify for the standard
market mortgage rate instead of the bought-down rate.

Lenders might be willing to qualify buyers at a
lower rate if the bought-down mortgage term is three
years or longer, Ganz says.

That's because a customer's income is often likely
to rise enough as the years pass for them to be able to
afford the higher payments, he says.

Sellers, on the other hand, should be aware there
are options available for the financing of buydowns,
‘says mortgage broker Dieter Peschmann:

“It depends on the inventiveness of the real estate
agent to dispose of the buydown cost,” says Pesch-
mann, head of Renaissance Funding Corp. in Toronto
“The seller and the agent might even split the cost S0-
50.""

Buydowns were popular in the early 1980s when
housing sales were mauled by the recession, and he
believes buyers can expect to see a lot more of them in
the coming months.

“A lot of sellers are getting frustrated,’’ Pesch-
mann says. ‘They're cutting prices two to three
times, but rates are too high.

“I recommend to home buyers they push for
buydowns.”’

Tories reject Ul amendments

OTTAWA (CP) — The Conser-
vative government has once again
rejected the bulk of Senate amen-
dments to its unemployment insuran-

ce legislation.

sisting doing so would infringe on the
House of Commons privilege to im-
plement money bills.

“We cannot take a plan which is in-
tended to be responsive to changing

McDougall questioned the Senate’s
power to change the thrust of the 1989
badget, which the Commons ap-
proved, by insisting the government
maintain half its contributions to the

Employment Minister Barbara
McDougall refused Monday to budge
on the major financial recommen-
dations of the upper chamber, in-

economic needs and force it into the
kind of straightjacket that’s been
fashioned by the (Senate),’’ she said
in the Commons.

unemployment insurance fund.
“With this message, the Liberals in

the Senate want us to increase those

expenditures by approximately $1.75

billion a year.

**On what basis, on what authority,
can they make this claim?’’ she asked.

The government maintains it must
cut its more than $3 billion-a-year
contribution to the fund to reduce the
deficit. The government’s proposal is
to have the fund financed by em-
ployers and employees.

HELPING OTHER STUDENTS LEARN... 10 Sentey Hompiartes secondary students have

become peer tutors this year. Back row, from |

lett; teach:

into a slot in his or her It
becomes a credit course for the
student.

Learning how to be a peer tutor
begins with a four-week training
period of approximately 12 hours.

Wanjott and Kim Nie!
jodi E ko and J
Bake:
This year there are 10 peer tutors.
Marillee Papau is the lucky teacher

involved.
Here is the list (class-teacher in

Beautiful
Hanging Baskets!

Fuschia Hanging Baskets
Mixed Hanging Baskets
lvy-Geranium Hanging Baskets

ALL ON SPECIAL
FOR MOTHER’S DAY!

SALE PRICES IN EFFECT WED., MAY 9 TO SUN., MAY 13

106

ALASKA FISH

FERTILIZER
~ $8.39

ALL PURPOSE

MIX SOIL
$5.99

Great Selection
of Geraniums and
Fuschia in 4’’ Pots
at Special Prices!

ALL
EVERGREENS
AND SHRUBS

CHICKEN

MANURE

BONE MEAL

ROSE BUSHES
54.99

SALE AT...

PLANTER BOX

MIX SOIL
$6.49

BLOOD AND

BONE MEAL

Good, Selection
of High
Quality

Bedding Plants!

Columbia Valley Greenhouses

OPEN 7 DAYS A WEEK
NEXT TO CASTLEGAR MOHAWK

Hours: 9:30 a.m.-6:30 p.m.

WHILE STOCK LASTS!

Sunny Baker — Math 9 (Harry
Plotnikoff).

Dodi Evanenko — Math 10C
(Frank Perehudoff)

Willow Docherty —
(Wendy Voykin).

Kim Nielsen — French 10 (Kirsten

French 9

WHAT'S A BOY TO DOT . . . Eight-year-old Robbie Bosse
stepdad ro

Front row, from k
y

Not p

Apel).

Deanne Rourke — Science 9 (Doug
Matthews).

James Welychko — Science 9R
(Adrian Rollins).

Jarrod Isfeld — Science 10 (Gerry
Brown).

Taresa- Vanjoff — Russian 9/10
(Wendy Voykin).

Angela Lalonde — IDP II
(Marlene Wallace).

Traci Nolan — Special Education

Bon s store on A
shopping. it makes you think Robbie's done this once or twice before.

+ Angela Lalonde; Deanne Rourke, Taresa
jaritiee Papau, Willow Docherty,
nt are Traci Nolan, Jarrod Isfeld and Sunn:

*
(Bill Lunn).

Peer tutors for French and Russian
are available during the tunch hour.
The tutors are paid $5°an hour, fun-
ded_by the Castlegar school board.
Tutors for other subjects are available
as well, but are funded by the tutees
(that's you).

Sound interesting? Well, it is. It’s a
good learning experience for all in-
volved. And fun too!

seems to have the answe: he
while waiting for mom to finish, sits

CasNews photo by Ed Mitts

ONT?!
BEST Soe 0 bunren®

‘* LEADERS IN CANADIAN PEST
CONTROL SINCE 1952

* COMPLETE RANGE OF PEST
CONTROL SERVICES BY OUR
CERTIFIED TECHNICIANS FOR
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P C O Services Inc. Ask About Our Guarantee

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eo

“Where You Belong”

© Fruitvale * Salmo
© Waneta Plaza ° Trail
* South Slocan ¢ Castlegar
° New Denver ¢ Kaslo
© Nakusp

Trail for Silver City Days

EVENTS SCHEDULE

SPORTS / SPORTS / SPORTS
JET BOAT RACE — Saturday & Sunday 10:00 & 1:00 starts
BRIDGE DASH — Between the bridges 3.00 p.m. Saturday
SOCCER TOURNAMENT — Throughout the weekend at Sunningdale,
Butler, Glenmerry and Pople Parks
SILVER CITY CLASSIC BIKE RACE — Throughout the Weekend

SILVER CITY GOLF TOURNAMENT — Birchbank Course

5k/10k Run/5k Walk — Gyro Park — Sunday 9:00 Start
WAITERS’ RACE — Gyro Park to Terra Nova 1:00 p.m. Start

FRIDAY, MAY 11
Silver City Queen's Pageant & Ball — Riverbelle, Refreshments 5:45 p.m.
Italian Dinner & Dance.

SATURDAY, MAY 12
Elk's Pancake Breakfast — Cedar Ave., Mall 8:00-11:00 a.m.
Trail Firefighter's Parade — Downtown area — 11:00 a.m. start
Trail Flying Club — Fly Past/Fly In — 10:45 a.m. Downtown area
Htalian Sidewalk Cafe — Cominco Arean — 12:00 noon start
© Italian Cafe food, entertainment and fund
© Great Grape Stomp 2:00 p.m.
© Spaghetti Eating Contest 3:30 p.m.
Crusaders Rod Run — Esplanade — start 12:00-4:00 p.m.
Kiddies Capers — Cominco Arena Gymnasium — 12:00-4:00 p.m.
Craft Fair — Cominco Arena Trophy Hall area 11:00-4:00 p.m.
Ronald McDonald Show — Trail Community Center 4:00 p.m.
Pick up your FREE PASSES at McDonald's on Waneta Hwy.
Canadian 44th Field Engitf@er Squadron — Armoured Vehicle Display
* Pacific Militia Area Band Esplanade area
Children's Bonfire & Free Wiener Roast — Esplanade 6:00 p.m.
Lion's Super Bingo — Champion Bingo Hall — Early Birds 6:00 p.m.
Silver City Teen Dance — Cominco Arena 8:00-midnight. “Much Music’.
13-18 Years old only/$5.00 at the door. 7
The Loonies & Tunes Family Dance — Local 480 Hall, 7-9 sponsored by WINS.
Fireworks Display — Esplanade lot — Trail Firefighters. As soon as it gets
dark enough.

SUNDAY, MAY 13

5K, 10K, Run & 5K Walk — Gyro Park 9:00 a.m. start

Family Days — Gyro Park — Start 12:00 noon. Petting zoo, entertainment
races, SuperValu barbecue, municipal bocce tournament, boat display and
awards... lots, lots more. COME AND ENJOY A DAY IN THE PARK.
Waiter Race — Gyro Park to Terra Nova — 1:00 p.m.

Family Church Service — 6:00 p.m.

INFORMATION BOOTH — Cedar Ave., Mall by United Way of Trail
ABC ANSWERING SERVICE — 364-2545
CEAC — 364-099

CORRECTION

Page 25 of Zeller's Great Outdoors Sale May 9-13.
The Mono Block Chairs. Reg. $9.99. Sale $7.94 are not
available.

We apologize for the inconvenience.

““A Wide Selection
of .
Products Available

Huge Inventory”

Please enjoy yourselves
at Silver City Days!

SCHNEIDER'S
BUILDING SUPPLIES LTD.

Your Tim-Br-Mart Dealer
Waneta Junction, Trail 368-6466

Welcome to
Silver City Days!

We at SuperValu's two locations in
Trail (downtown and Waneta Plaza)
are proud of our association with our
progressive community.

We are proud to contribute to our
deanel

The Friendly Staff at

LAUENER BROS. JEWELLERS

TA RCET AUTOR ODY Welcome
you to
(1981) ‘LTD. SILVER
nn > city
DAYS!
“Your
collison

city's growth and Pp as
“the Home of Champions.”

gE Siper\el

Visit us in Rossland, too!

FREE ESTIMATES
CALL LARRY KUCHER OR DAVE BROUGHTON

PAUL sus SUSAN

° /
+) 364-1 81 3 Remember Us for Father's Day & Graduation
“We've Got the Gifts of Love”

HIGHWAY 38, TRAIL, B.C. (ROCK ISLAND PLACE)
% MILE BEFORE WANE TA PLAZA

LAUENER BROS. JEWELLERS
1385 Coder

Avenue — Telephone 368-9533

is "Pro
tobea
of the
Queens “Pageant

an
Kiddies Capers
for

Silver

Ci
Days

yponsor