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LOOKING BACK: CMHC housing and rental predictions

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Herb Mathisen/NNSL photo 1405hok3.jpg Sub: Sniffing out a bargain Cutline: Ed Henderson, with pal Rocky draped over his shoulder, hunt for bargains in the Ecole St. Joseph School parking lot. Yellowknife Minor Hockey was putting on the sale to raise funds for a trip to Europe this summer. Kim Schofield, one of the trip organizers, is hoping to accompany a peewee, bantam and atom team to Italy, Germany, Austria and the Czech Republic, for some exhibition games and a tournament in Prague. This would be the third such trip put on by the group.

40 years ago

Territorial Bakery Ltd. was putting up a new shop on Franklin Ave. across 53rd Street from Northern United Place.

The bakery would also include a small retail outlet and a possible second and third floor for commercial offices.

10 years ago
Ed Henderson, with his pal Rocky draped over his shoulder, hunted for bargains at the Yellowknife Minor Hockey team garage sale that was held to raise funds for a trip to Europe. Kim Schofield, one of the trip organizers, was hoping to accompany a peewee, bantam and atom team to Italy, Germany, Austria and the Czech Republic for some exhibition games and a tournament in Prague. This was the third such trip put on by the group.

Demolition work was to begin on the site with the removal of a garage and a shack on the property but shortly after demolition was approved, the house on the lot was gutted by fire in what the fire department suspected was arson.

Chief Bob Oscroft said structure had been almost completely consumed by flames by the time firefighters arrived at about 2:30 a.m.

“It looked like someone took a torch to it,” he said.

30 years ago

Sport North received $266,000 from the GNWT during the organizations annual general meeting in Yellowknife.

The funding provided for a portion of Sport North's administrative budget and sports programs such as coaching and officiating clinics, the Canada Games and the Arctic Winter Games.

Proceeds from the Western Canada Lottery were used to supplement the organizations administration and programs such as player development, competition travel, scholarships, awards, summer sports assistance and the Northstars competition.

20 years ago

The Canada Mortgage and Housing Corporation (CMHC) predicted that only eight homes would be built in Yellowknife that year. That was down from 81 in 1997 and 75 in 1996. The CMHC also predicted the average resale price for a Yellowknife home would be $143,643 in 1998, a drop of four per cent from the average resale price in 1997, which was $149,628.

In the rental market Yellowknife had a 4.4 per cent vacancy rate in 1997 – the CMHC predicted that it would increase to seven per cent in 1998. Rents had declined slightly. The corporation predicted an average two bedroom apartment in Yellowknife would rent for $1,033 in 1998 compared to $1,038 in 1997 and $1.050 in 1996.