Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 11, 1981, Winnipeg, Manitoba I n it i j n h t m u v11 n r n p to Winnipeg Fec september now open Baldwin piano Organ Centre see us for our Fine selection of Quality classical Home organs spinet pianos consoles grands n piano Organ Centre for selection 166 Mead Wood across from vital shopping Centre 2574128 open i housing tax break plan eyed Cabinet studying Huda proposals to Cushion interest rate crunch Ottawa up propos als for tax Breaks to make housing More affordable and to Cushion Consumers from the Impact of record High mortgage rates have been revived by the housing and Urban development association of the forwarded to members of the Federal Cabinet this is similar in intent to the mortgage interest and property tax credit plan of the former progressive conservative but it would work some what differently and would have additional options not included in the tory nation what Hudac is proposing is changes in the regulations governing registered ment savings plans or the creation of a new device to be known As the registered retirement Home equity either of these two plans would allow a Homeowner to divert funds to meet his monthly mortgage payments for principle and the funds diverted would be deductible from taxable in come and the person would Dollar slips to below 83 cents Mark Montreal up the Canadian Dollar slipped below 83 cents on foreign Exchange markets yesterday after the Bank of Canada lowered its trendsetting interest the Dollar had been gaining strength throughout the trading As High As at one but it began losing ground after the Central Banks new rates were ending the Day at More than a fifth of a cent below its previous foreign Exchange traders agreed that the narrowing spread Between interest rates in the and those in Canada was responsible for the Azim Haje of Bongard in Toronto said government borrowing on the private Market Means interest rates in that country will remain High while Cana Das move wind up paying less Federal income tax As a the new plans could also be used to help a firs time Home buyer come up with a Down payment on a the Money used for the Down payment would also be tax deductible feature not proposed by the conserva Hudac suggests that anyone should be Al Lowed to withdraw funds from an existing registered retirement savings plan without penalty for principle and interest payments or a Down payment on a the tax Breaks were put Forward As one Way of Deal with interest rates that have created a crisis in Cyril Morgan of Hudacs first vice said yesterday that Many canadians can no longer afford to buy houses because of the High monthly payments and those already living in their own Homes May be forced to give them up when their mortgages come up for renewal at rates that were unheard of As recently As last i think what were really seeing right now is a very serious housing save during our summer Selling spree at Terry Balkan p561 1980 lemans 2 dark Blue in luxury irom Pontiac with used cars d3694 80 Cadillac p535e 79 Camaro be Linetta yellow in chess sporty luxury a real head Turners 2805b 77 Corvette White with red velour fully loaded sports car includes l82 3371a 74 Camaro 2 Bright red in a rare find in immaculate with very Low mileage and Many 3695 80 Olds 98 Regency St i Usu Royal Blue in Oldsmobile finest luxury fully loaded Price is 29b5a 1980 Cougar xr7 Dove Grey in Beautiful Little personal luxury car from loaded with Low 3657b 75 Granada Silver in extras include air cond Nice family Auto at a Low a m m 79 spirit powder Blue in great Economy at an affordable a m to s40b5 Safe de Ville elegance 4 Silver this is a fully loaded prestige Auto with All p421c mho a a Tuny Luaulu 77 Cordoba Copper Brown in includes buckets 2358b 1980 Malibu 2 two tone Blue in includes stereo rally 2822b 78 transom White in this unit is equipped with 4 and All transom Stock new cars 1982 Cavalier 4 4 Power front Stabilizer sport Block radial ply am regular Price Sale Stock 1981 Chevetta 4 cloth and Vinyl engine Block 4 Speed manual electric rear window White Side Wall radial ply regular Price Sale Stock 3289 mine Ciuc 1981 Olds Delta 88 Power Power Power Power sliding roof v8 diesel fuel Economy in a luxury regular Price Sale act Clui Quiny i a Tau in Stock 1981 citation 4 two tone bucket electric rear window floor Power v6 Power rally 4 Speed manual rust regular Price Sale Stock 1981 Malibu 2 cloth and Vinyl Remote control engine Block am bucket electric rear window radial wow rust regular Price Safe Stock 3286 1981 Camaro z28 350 v8 4 lilt Power regular Price Power Stock 3040 1981 Monte Carlo cloth rear window Block automatic am floor sport v6 radial ply rust regular Price Safe Stock 3221 1981 Cutlass supreme tinted floor rear window sport v8 super Stock am sport wow rust regular Price Sale Stock 03801 1981 Omega 4 Power v6 radial wow cloth electric rear window automatic regular Price Sale new trucks 1981 Nev ton 1981 ton Dema 305 v8 heavy camper Silver and Cheyenne zssasm804 of Tara 312 Sale i i f v i 1m1 Chev ton Silver v8 Springs and Battery and 1981 Chev 1 ton 1981 1 ton Chev cab and Long 4 with Stock w3406 1981 Chev Buzer 4x4 big Woolley with 350 Black air Power locks and Silver coolers to air and and Stock Stock 3615 list m used trucks 1973 Ford ton with Small 4 excellent Stock 1971 scout traveller 4x4 v8 excellent 1977 Jimmy 4x4 new 1978 Nev Van v8 dark Stock 3107a 4w 197c dome club cab Tutone new v8 Stock w3241a 1976 done Van Stock Terry Balkan 180 main Street 9431471 he said in a Telephone inter Hudac has not calculated the Cost of the tax Breaks to the Federal and officials of the association say the program is Only one of a variety of options put Forward for further study by housing minister Paul Cosgrove has yet to com ment on these or most of the other the liberals had stoutly opposed the conservative tax credit plan before the defeat of Joe Clarks the other proposals in clude a program of Federal subsidies that would have the effect of reducing Mort Gage More incentives for investors in apartment blocks and expansion of the Cosgrove no word existing registered Home ownership savings Only known As Bank of Canada drops loan rate Montreal up the Royal Bank of Canada yesterday said it is lowering its prime lending levied on its most creditworthy corporate to per cent from per cent effective mortgage renewal rates at the Royal also fell half a percentage effective the announcement came just after the Bank of Canada dropped its trendsetting rate More than half a percentage Point to per cent from per cent the Bank of Canada rate is that charged to the country chartered Banks for infrequent Loans from the Central a Royal spokesman stressed that the lower Mort Gage rate is available Only to homeowners renewing their Loans and not to new oneyear mortgage renewals will Cost per Down from per while three year Money will Cost per Down from per the Bank does not currently offer five year Mort Rural municipality of Ritchot Public notice under the planning act re bylaw 2681 the Council of the Rural municipality of Ritchot under the authority of the planning act will hold a Public meeting in the Council 344 main on october at at which time and place Council will receive representations from any persons who wish to make them in respect to bylaw 2681 to Amend bylaw 190 being a bylaw to adopt the Ritchot planning scheme 1966b which regu lates and restricts the use of land and location of buildings and a copy of the above bylaw 2681 and supporting materials May be inspected Between and at the municipal monday through the general intent of the above bylaw is to Amend Section 8a a40 Rural District of the Ritchot planning scheme 1966b by adding under Section 1 As a permitted use auction dated at Adolphe on the 2nd Day of september Joseph Brodeur Secretary treasurer of Ritchot by Wachniak Public auction Sale household furnishings 12 4x8 Pool table balls new High Back colonial sofa Rocker in Nylon velvet elec Tro Home console color 7 Freezer older set of Chest of bed cloth Recliner 5 Dinette set 3 Dinette set s dressers desks chests of cof fee end tables floor table lamps pictures cabinets rugs sewing machine stereo swag lamps chairs Beds hampers sofa Cook or hard rec Garden Coffee and Many other interesting Mot mini sales Wak noose w we w we 288 King we buy for Cash or sell on consignment serving since 1930 c anon photo copies National cameras Hill concourse store Portage 4 main 319 Donald beside Capitol theatre 639 Portage at Sherbrook windows insulated sealed special More Thau 9v off regular Price my for Nam to in Stock now 21x60 Tri All sales final these prices Good Only while Stock phone 3389393 ask for Helen or Barb for More sizes available or drop into Westmacott Glass Ltd 2110 main 3389393 from w Keld com antique collector car auction at the Wuhu Uwar you on in Bently convertibles tiros Cadillac Mustangs Vin taif auctions we 9 i 7752330 ;