ca Castlégar News erie 1987

REAL ESTATE ONE OF BEST INVESTMENTS

By SHAWN McCARTHY Canedian Press

You've got some money that you want to invest, and your what your dfather always told you: buy land.

So you consider land with a building on it ~ real estate, a solid performer and traditional hedge against inflation.

“Most people feel that real estate is one of the beat forms of investment over the long term,” says Toronto lawyer Alan Silverstein, a frequent writer on real estate

issues. “['m disti hi

between i! and specula- tion, because you can get burned in the short run. But if you've ee staying power, you should do well with real estate.”

In Vancouver's speculative market of the early 1980s, for example, the average price of a single-family home tumbled to $116,500 in 1982 from a high of $164,500 in 1981, a 29-per-cent plunge. The average price in the first three months of 1987 was $139,000.

Still, “history has shown that real estate will prove over 10 or 15 years to be equal to or better than almost any other investment,”

MAJOR ASSET

Real estate is one of the most common investments Canadians make. Sixty per cent of households own their own homes, and for many the equity is their major asset.

You can make that equity work for you, even while you're still living in the home, by refinancing — bumping up the mortgage. The money could be used as a down payment on a second house or a cottage, which could be rented out for part of the year.

The rental income subsidizes the mortgage pay- ments on the second property, while any costs associated with the investment can be deducted against taxable income. Deductible expenses include interest paid on funds borrowed to buy or improve the rental home, taxes, insurance, maintenance and repair, and even auto costs if you can prove you use your car to manage the investment.

If you increase your mortgage on your home to get a down payment on another one, you can even deduct the additional interest payments.

However, you'll need a letter from the bank showing you used the money for a capital investment, says Keith Laushway, a senior taxation manager for Peat Marwick Mitchell and Co. chartered accountants.

AVOID TRAP

Laushway also warns of a trap. Some people remortgage their old house — which they intend to keep as a rental property — for a down payment on a new, perhaps bigger, home in which they'll live.

In that case, the tax benefits don't apply because Revenue Canada does not allow a deduction for interest paid on a principal residence.

To avoid that problem, the accountant says, you have to sell the old house and use the proceeds as down payment on your new home and your rental property.

Another tax advantage is the $500,000 capital gains exemption which, in most cases, will shelter money you make on the increasing value of the rental house.

Again, there's a catch. Revenue Canada won't allow the exemption if assessors believe you bought the property just to make a profit by flipping it.

There are two criteria Revenue Canada uses to judge: your intention at the time of purchase and how long you hold on to the property.

WHAT'S A FLIP?

If you advertise for renters, set up an account book, perhaps do some improvements, then get an offer you can't refuse three months after buying, your profits may well be exempt, says Lyman MacInnis, a partner in Touche Ross chartered accountants. “If you hold on to it for a year, you're probably OK.”

A third tax break involves setting up a self-directed Registered Retirement Savings Plan with property as your investment. In such an arrangement, all rental income is tax-exempt, while the deductions still apply.

There is, of course, the underside of investing in property. Rental income rarely covers all the expenses, including the mortgage, so buyers must be prepared to put more money into their investment than just a down payment, Higgins says.

But after you've built up some equity, income should cover your costs.

says David Higgins, vice-presi- . realtor: —

ARENA UPGRADING . . . Front end loader removes old blacktop in front of Pioneer Arena in preparation for first phase of a beautification program. City plans

to improve access to main entrance, pave some of the area and landscape the front of the arena. Total cost of the first phase of the project will be $11,000.

CasNews Photo by Sut) Ration

From.G., &L. Farms Grand Forks will be across trom Oglow Building Monday, Wednesday & Friday Fresh Strawberries $1.00 Per Lb.

* Derriramnes ote osded batten oe 8095

r

HOMEGOODS

FURNITURE WAREHOUSE

Tues.-Sat., 9:30-5:30 China Creek

“Drive a Little to Save a Lot”

BE A HOST FAMILY

A select group of E speaking

Europe, ; ‘America will arrive in Cenada this Augu:

Tooking ‘Beward to Tsing h ily for @ high

lish-

@ Canadian tom school year.

YOU could be one of these families!

Your local EF Foundation Area Representative is interviewing prospective families now. families are able to

the student bes! suited

ROBERT WESTHOFF

Ingrid from Norway (604) 365-3478

Educational Foundation for roreien 4 Study or call toll-free 1-800-44-S!

Professional Champ! STIHL: OG4

Delivers the competition a new. 1-2 combintation, MORE

POWER with LESS WEIGHT! The’ new Stihl Oo packs more

pong with a powerful BSc. ¢. engine but weighs in at on easy a

a ns Columbia Saws

SALE: School bus seats. Ideal for patios or — Phone 365-3780

GARDENING

FOR RENT

EVERYTHING 1S

AVAILABLE NOW TROWELEX

Call 365-3315

199 Columbia Ave.,

TOP SOIL, 6-yard 0; yond TOPSOIL, loads, ert ey

359-7926/365- ran

FORCES EDUCATION

OPPORTUNITY.

A University Education and a Career for the Future

For more information on plans, entry require-

ments and opportunities, visit the recruiting centre nearest you or call collect — we're in the

.. yellow pages under “Recruiting” (ig) It’s your choice, your future.

Sp

THE CANADIAN ARMED FORCES

Canada

Times Sure Have Changed

CAMPBELL RIVER:

COMOX

Air Canada Connector

MEMBER OF ALLIANCE OF CANADIAN TRAVEL ASSOCIATIONS DRI 13006

t AirBC, we built our reputation

by providing superior service to communities and cities throughout British Columbia. We've since extended our service to Seattle and Alberta. Today, AirBC is your Air Canada Connector, linking Western communities to Air Canada’s world. Across Canada and around the world.

Our synchronized schedules permit quick, easy, convenient connections with Air Canada in Vancouver, Calgary and Edmonton. To save you even more time, we offer check-in and seat selection to Air Canada connecting flights. And through baggage check-in to your final destination

As an added reward, every AirBC flight is worth a minimum of 800 Aeroplan miles toward free airfare, hotel accommodations and car rentals. Best of all, the full range and scope of our services are yours with one ticket, one call. Call your Travel Agent, Air Canada, or AirBC today.

You Can Count On Us

MairBc

Usison Ar Canada

RADIATOR REPAIRS — Aute — Truck — Industrial New & Used Ports

Arrow Auto Wrecking Kncteteger = 365-5161 TASCAM 246 4-track recorder, 3s: ae ‘maintained, $1 oa 352-5)

BLACK SANDY LOAM TOPSOIL

Call 365-3315

‘A Classy Salon

in the Suburb" * Advanced Hair Design,

perm and color techniques

© Our Workmanship is Guaranteed

365-3077 . Service

HANNAS SEEDS LIMITED on 49 Lacombe, atbore TOC 168 Toll Free | ALFALFAS © clOveRs, GRASSES * CANOLA Lerge Discounts Available!

CLASSIFIED INFORMATION

road and cement ro

KENMORE SEWING MACHINE with cabinet, $150; dining table. A-choies, $159: insulated canopy _

| CARS |

YOUR BUSINESS

PLUG INTO THE CLASSIFIEDS

This Space is Available . . . For More Information Call Display Dept. 365-5210

June 24,1987 OF

3 BORM. house, Broodwater Rd., ‘on acreage. $275/month. rd 3163.

as ‘ond 3 BORM. ToWROUSES.

by Lynn Johnston

FLATIERING. | THINK = Look

SURE! ITS VERY

Terriric /

fse)

MUCH FOR HONESTY IN MARRIAGE.

view in/47 , 1 ”, BRIGHT, seers T bdrm. syite; in new home; . tr loun- dry fociites, wate driveway. den spac eacres ocrea. month Utilities included. 153. ttn/40

Two ly call 365-9848 oF 365-3110._Hfn/

uni lots of ber Foals

pia ag available. Small

welcome on approval.

| open 2-4 Wedr

message. 365-2677

eT THAN YOU ARE TODAY!

Lite insurance Investment Funds ashs, Raita, ReSPs

JACK L. PARKIN: Bus. 365-6664 © Res. 365-2694

“ed Nig! FOUR SUMMER Lada tires in very geod condition. With inner

bes, $30 each. Phone 365-7266 or apply ot Castlegar News.

Mutual Life of Canada Mutual Investco.

____ttn/46

CRESTON TURF

“A Pertect Lawn in

FULL PR GE. REPRODUCTIONS

the t page, or

(such 8 @ sports. p peas), ot the Castlega Great ideo for

197 Columbia Ave. t#n/32

pioaualb compu’ "WATER ANALYSIS SYSTE!

CALL GARY 365-7389

eRizeo

For all your pool maintenance needs, call the litters, heaters, motors, pum

© 706 Centre Ave.,

BioGuard Swimming Pool Chemicals

‘and more. ull line of chemicals.

siosverry Creek

POLAR BEAR Model 6C, home water distiller, like new. 2605. 3/49

a SWEEPING BEAUTY CLEANING SERVICE “Yes, We Do Windows!” Fest & Thorough Cleening

PHONE 365-5196 OR 365.

STRAWBERRIES,

1699 Highway 3A, Thrums. 399-4 °

WOODWORK D

& DOORS CABINETS

© CUSTOM FURNITURE

~SERVING CASTLEGAR |

Rates

First 10 Words $3.75 Additional Words 20¢

3 Insertions for Price of 2

7 insertions for Price of 4 Special Reduced Rates for

13x, 18x, 26x, 52x, 104x

ore Also

Special Rates or Consecutive Insertions Word: “blanket

Attention Getters

community ne:

25¢ for each time ad appears (Minimum charge 75¢.)

Legal Ads

Word ads: 20¢ per word tor ‘one insertion; 15¢ per word for subsequent consecutive insertions. Minimum charge is for 20 words. Legal boxed ads. 64¢ per agate line for one in sertion, 48¢ per agote line tor subsequent consecutive inser tions

365-2212 for details. tin/87

Seamless Gutters

4" of 5" heavy gouge painted aluminum

5-year leak proof guarantee. Payment may be made by

Poy ec heaee of Vise ond] | Call Mr. Gutter MosterCard credit cards. It is

not advisable fo send. cash 365-3240 through the mail. Classified Ads may be char;

bilfing, charge wail

Ang cnet cald lor seven doy ofter it first appeors (This $1 charge does NOT ap: ply to Visa and MasterCard

Payment Policy

WOOOCRAFT solid stain, onl $8/per gallon lor Color: chamois. 368

more than 920,000 homes. Your Action Ad will appear in over 80

more than 2.75 ‘milion + recent

And there is a $10 discount for cash. Call our Action 4d number

Rossland. 1-362-51

$24 ttn/42

& AREA FOR 44 YEARS!

WEEKEND WORK NO EXTRA CHARGE FREE ESTIMATES SENIORS & CASH DISCOUNTS

Loading & Hauling

Back Hoe Work

Road Gravel

Concrete Gravel an:

Drain Rock

Top Soil

Thanki for Your Patronage

KINNAIRD TRANSFER wu.

Ph. 365-7124

GRAHAM READ

365-346 ' 222 - \02nd Ave.. cicniger

JOHNNY'S Buy of the Week Tomatoes 8. torge te. 956 Cucumbers tong Engish... 00. 8%

FIREWOOD, birch, fir, larch. 365- 6108. 3/50

Two-Gallon

PAILS

an Need cleaning. $1.50 each

CASTLEGAR NEWS 197 Columbia Ave. Castlegar

Grand Forks, Order Now te. 956 ‘Summer Hours — 8 o.m.- 9pm. Doily on, B.C. 365-7941 WHITE fridge and stove. Good working condition, $400. 0.b.o. 365-7687 3/50

1b 1545 Columbia ® e 365-4 6624

Castlegar (trailer court near Biverop)

USED USED COLEMAN ‘air-conditioner W U, $500. 365-5741. 3/48

3-WAY desee,, oPropane, stove.

ellent ‘50

USED GUNS bought and sold. Cash or trade. Wises wordy n ttn /9S

PROVINCE-WIDE CLASSIFIED

charges.)

RUSSELL AUCTION HOUSE

New & Used Furniture for Sale

Phone 399-4793

$10 DISCOUNT FOR CASH! Coll us for details! Clessitied Ads

368 2212

“Word Ads” WEDNESDAY CASNEWS a 12 Noon Tuesday SUNDAY CASNEWS 11a.m. Friday

Classified Display Ads Deadline “Boxed Ads” WEDNESDAY CASNEWS

Jam. Tues

u y SUNDAY CASNEWS

0.0.m. Friday

Order by Mail Print your Action Ad on o separate piece of paper and

mail to:

Action Ads

x 3007

CASTIEGAR, B.C sH4 The Castlegar News reserves the right to classify ads under appropriate headings ond to determine page location

Humen Rights Act

All advertisements such as Help Wanted must comply with the British Columbia Human Rights Act. This Act states no advertisement may

limitation, or specification, on

the basis of an applicant's | ROLAND JUNO 106

BEDDING J He aoe Dit. ferent var 819 Highway.

SS

WATERBEDS. For all your water. bed js and supplies 7 i]

SEAMLESS 5" Heavy gauge

GUTTERS

aluminum, con.

tinuos 5-year leakproof guaran | MAr.

Free estimates. Cal! 40.

JUNO 106 synthe: 4-trock JBL K140's etc 6547

Castlegar r News

367 104/46

104/23 zer, TEAC 144 Jon Er

REJECT DOORS rtm 94S

1-3/8 in. SY T

Sevier"... OOF ARROW BUILDING

GIBSON 5-speed portable dish-

CREAM colored bathroom sink, $35. 365-6415. wv. FOUR border collie cross pups, 4 weeks old, $10 each. 359-7501 34d

DISASSEMBLED 305 Chev motor, $40. 365-6791 3/48 ONE USED window with frame $25. storm window same size, -6490. 3/48 bi YEAR-OLD Teddy Bear hom ster with cage, $5. 365-3674 3/48

perts! We install je also carry a

= 2 ae

7-4 BDRM. mobile home, deck, Robson: 365-3353.

FURNISHED bachelor suite, tur nished one bdrm, suite, close in. 365-8132.

large tin/44

2 BDRMS. up, 2 bdrms near hospital and Available July 1, $350. 399.

7 BORM. house: fridge, sto large yord, trees. 365 ani, 365-689). /49

LARGE 3 bdrm. trailer i rh hang voi ites from ‘bus. i,

4 tORM. “house, cloee 1s down:

town. Ges Pea Coll Brad 365-

2166 de 365-8054eves. 3/48

ONE oa HOUSE in Thrums.

Fridge, stove. Preter female 3.

ss som house ms. No pets, 447-8479 after ar m ae

14’ WIDE a eden: trailer in co son. 365-2

2 BORM. Eoeamect nate furnished utilities

HEATED furnished 2 bdrm. - tment: one bedrom mobile home. Centrally located. 365- 7883.

or

and cable included, laundry facilities available. 365-5044

tin/48

ISHI ‘apt. on

bork of Columbia "River by

Mohowk $225 per month. 365-

- tin/48

$240/month

3/48

BEAUTIFUL view lot. Quiet area. ont

Large South Castlegar July 15, 965-5255. Ask

3/48

2 BDRM. trailer on Ta ivate fenced lot, in Robson; k from Gttice ond bus stop. 365: ante

ter 6 p.m.

baths, Downtown a: F 365-2166. 3/

2 BDRM. trailer with tri stove, ‘gas heat, Robson. wii rent with option to 7188. PY inf D

PORT OFFICE TRAILERS Delivered to Site DA v

2 BORM. dow Bort, garden area, $350, June 30. 77/43 FURNISHED one bdrm. sui utilities ond washer/dryer in, eS See m4 a.m. 10

s m., 6 p.m. tin/43,

“CALL 365- 3338

TRAILER PAD on private lot in Brilliant. 365-5044. ttn/32 NICE 3 bdrm. dup! $250 in- clu “ery A oe tove. Jordan, 7/45

3 aoa semi-| ee ahad mobile home. Lipo eens east, Castlegar. 399-4494. 3/50 2 BDRM. suite, semi-turnished, ion Ave., Close to town, utilities included. $225. 352-3290/365- 6692 7/50

‘4 both, elec-

house, 1 lobson. $250/month. 0

2 BORM. tric heat, Re 365-

clgAN CORT bm, opr. #1

trie laundry faciliti 5250.

house, Robson, fu

bsmt., no pets. 365-5119. tn/50

gy GAS BAREGUE: oboe oyus. $75. BBQ. $10. Chest or Sonn: ‘Zs 365-6602. 3/49 SE BALES of Fay For rden use or dry sock. $1.2 Nate. 399 725. 53 BALES of hay for garden use = dry stock. $1.25/bale. 399. 4725. aad

1 & 2 bedroom units Fridge and Range Very clean & Homey Would Furnish on Request

Ask for more intor- mation on Senior Citizens retiring plan

PH: 365-6213

cn TIRE and rim from 198) ota Tercel, 145x13-inch new canaiion ae 365-3973. 3/50

washer $250. 0.b.0. 180 sq.

amic tile, c/w ue ‘ond $200. 20° color TV dition, $100. 365.

TRACTOR, implements. $1.00/bale, pre-cut lumber 2x4/narrower. 365-6241 KENMORE

type, excel

fition. 365-3011

KAPRICORN

face, religion, colour, marital Status. ancestry, place of origin, age, sex (unless the matter relates to the main tenance of public decency AND prior approval has been ‘obtained through the Human Rights Branch)

Tapco mixer etc TWO Roleigh Gran Prix dition, Phone 365-788

GARDEN STORAGE SHEL 8, $495, 365-6156

excellent condition, $900. JBL 15s

space echo, TEAC por Jon 7/45

bicycles 12-speeds, $160 each, con 22

, 6x8, 3/48

&

Protaconyng]

DESIGNS

>; ~ Kel Print Stationery

The Courtyerd Downtown Squere 45-4385

Peotrick Nok! Call 365-2309 ofter 6 p.m.

FOU mag wheels iG x13), Shvatlott Fox

3084. - one ‘and mattress. good dition, $35. 365-2510

SINGER sewing machine $9,

aa aaa we Erm or bedroom. $30. 365-5558. 3/50 VENUS Color TV Toaster oven, excellent dition, $20. 365-223)

$20 con 3/50

PUREBRED Basset hounds

weeks, $40 each. Calls to 368 48

3267

New Concept In Feeding Now Available SELF FEEDING BLOCKS

eve nm from GROGMING TO Bape TO REPTILES AND FISH AT FANCY FUR oft! FEATHERS |

PRIVATE TRANER (EAD big yard, Robsor

MARANATHA COURT

Large one, two and three bedroom apartments, own en- trance. Very quiet. Children welcome. Some with private backyards. Adjacent to three schools. One month free rent on one yeor lease. Family at- mosphere.

PH. 365-7161

PANASONIC air-conditioner 11,000 BTU. $200. 365: 3/48 , trailer hitch, iE 3/48 100 BALES of hay 9 ot $2/bole. Un. der shed. 365. SENIOR armen may adve: items for sale in this column tree Please call 365-2212

We will run your od for three issues, three items only, limit $200 tor three items The price of each item must be stated. tin/07

GARBAGE burner, suitob!

2 Y BORN fully So eihed ‘op Raspberry Village. Available June 21, $250/month. 365-: $940,

CASTLEGAR 2 ‘bedroom 2 laundry room, carport, big yord near school, 368 368 aso

tment, tri jo" th, “Aveiable immediately "365.

one “BORM. furnished suite, in-

cluding utilities. Centrally

focated. 365-3848 or 365-2480 1#n/32

Le 1525 sq. ft. Fully carpeted, fridge & stove, covered parking. ditioned, 544 ist 1

balcony, esis un $395 month. PI

RENOVATED ed. furnished

These accommodati

private spacious location.

Ideal tor students,

‘ond the retired. Monthly rent ot $275 includes bistw to wall cor. peting, heat, light and cable finen ond towels on request 365-3727, 365-5030, 365-3250, weekdays atter 4 p.m. please Weekends anytime tin/1 3 BDRM. HOUSE ond 2 bdrm. . Ro steps and one bdrm. Rent negotiable. 365-6509 atter 8 p.m 7/45 TWO BEDROOM suite. Treplece. included

viet rounds

ila mediately. 365-7446 alter 7 p.m (as TWO BEDROOM suite in arises in Blueberry. $195/month. Call Bord 365.2166 days, 365-8054

evenings _ 7745

cottag 3 duties cable eeport No pe = 882 48

for it. Cl location of Twin Rivers Motel 900: i

je tin/48

DOWNT. tment. Fri $295/mont! med

‘opar

IN FLOOR, 3 bdrm. duplex Nocth Castlegar. View, quiet

le sogking on top. $175 or offers 365-5396. 3/50 BUNK BEDS with 6 “large

hone for more details

SINGLE BED. $75, 0.b.0 outomatic washer, ‘good working

inion, $75, kitchen table 4 chairs with leat, $50, 365-660:

place ‘Avaliable, irm: 2758. 8

walk to schools, shopping. 359- ttn /4i

7586.

SELKIRK MANOR 275. Quiet wi

ATTRACTIVE well-built, 2 bdrm

home at Brilliant on jorge lot Lignd, 2) Bedroom, epariments Asking $38,000 268 508" ais

starting ot

cored for building: Fridge, stove

inclu

eRGOUS @ = ‘bdrm. home, in Robson tars Ph. 365,

OFFICE oF 7 8q.41. Large win

IScotion on Columbia Ave. Reply

to Box 3007U, Costlegor News.

WaT

ttn/80 mobile

oil space. "5300

HOME FOR SALE

Robson.

7 BDRM. trailer

as heat, partly furnished, 5 minutes FOR SALE or will toke 14° wide me os

from bus. $210. 365-7188. tin/47 on large

2 BDRM. mobile ho orivete lot Robson, gas heat,

tly foodtioned! 3275. 365. 0155/369.

BRIGHT ond spacious, 2 partment in Ootischenia.

$580 ‘month. 365-3520 evenings ina

Robson, air-conditioned, gor

heat, $310/month. 365-3155 ttn/47

mobile port

i 1 Owner retiri 1s minutes

Costl je $708

359-7885. Terr Terms ao ‘avollable. tin 32