Building Links Blog
Read our blog to stay informed on the news for the construction and real estate industry for the Comox Valley, Campbell River, Comox, Port Alberni, Powell River, Tofino and Vancouver Island. Stay connected to get connected!
Vancouver Island Construction Association Courses in Around Town
The Vancouver Island Construction Association has an extensive list of professional development opportunities with many courses approved credits and CPD points.
(more…)Your Weekly North Vancouver Island Construction News
This Week’s Editor’s Note:
- Tofino: building permit submitted for Biosphere Centre
- Port Alberni: two proposed five-storey projects are for sale
- Campbell River: BC Housing replacing 48 townhomes with 264 units
Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 493 unit sales board-wide (all property types) in February, the same as one year ago. Active listings rose to 3,235 from 3,153 in February 2024.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Cumberland: School expansion trade packages expected this spring
- Comox: Request for design-build teams for $253.4 million Aircraft Maintenance Hangar
- Comox Valley: District seeking sani-dump sites
Courtenay Developer Meeting in Around Town
The City or Courtenay’s development services team is planning for another City-development community meeting with a tentative lunchtime meeting on Thursday, March 20. Staff would like to discuss: Building Code and Bylaw updates including zero carbon emissions step code and relocating buildings; findings from the infill DPA consultation; and the Downtown Vitalization Local Area Plan process.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Cumberland: proposed 29,000 sq.ft. mini-storage facility
- Campbell River: expression of interest for potential 200-unit mixed-use building on Shoppers Row
- Powell River:Â tenders for renovation and expansion of Edgehill Elementary
Demography and Demand Reports in Around Town
A recent Real Estate Institute of BC (REIBC) report projects that ages 25 to 44 will dominate the population growth on Vancouver Island over the next 15 years. Persons aged 25 to 44 will exceed all other age groups with 117K on Vancouver Island/Coast, followed by ages 64+ with 113K. This is important information given that tenant occupancy is relatively prominent in these younger age groups.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: DP approved for 76-room hotel.
- Comox Valley: Moving forward with the Union Bay Fire Hall, second Artificial Turf, and Supportive Housing Land Acquisition.
- Campbell River: Building permit issued for 8-unit townhouse project.
Interest Rate Outlook in Around Town
The Bank of Montreal (BMO) has revised its outlook for interest rates in response to the economic impact of proposed tariffs. BMO anticipates the Bank of Canada (BOC) will implement six consecutive quarter-point interest rate cuts, bringing the policy rate down to 1.5% by October.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Tofino: Request for storm drainage replacement on Olsen Road.
- Campbell River: Request for HVAC services for city facilities.
- North Island College: Request for roofing contractors for the Campbell River Campus.
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