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!
Supply Increasing in Around Town
Over the past five years, one of the factors playing havoc with the market was low inventory. This continues to be an issue in most of the Condominium sectors in the Comox Valley, but especially in Campbell River.
(more…)Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Powell River: $16 million – 72 unit independent seniors housing
- Port Hardy: $11.5 million – 24 to 48 unit senior housing complex
- Courtenay: Tender for Water and Sanitary Servicing
VIREB July Market Update in Around Town
According to the Vancouver Island Real Estate Board’s (VIREB) July Statistics, 453 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 406 the previous month and 438 in July 2018.
(more…)Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Development permit approved for Kensington Union Bay’s Discovery Centre.
- Two new mixed-use buildings Courtenay under construction near the hospital.
- North Island College Comox Valley proceeding with $28 million student housing project.
Seller’s market: 34 Island hotspots in Around Town
In B.C.’s currently lukewarm real estate sector, it’s easy to read the headlines and imagine it’s becoming a buyer’s market. But that’s not true of all areas. A REW.ca study of real estate activity from February to May 2019 looked at the sales-to-active-listings ratio (SAR) in each individual Vancouver Island neighbourhood, for all property types combined. A figure over 20 per cent indicates a seller’s market.
(more…)Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Comox: 28 new residential lots for K’omoks First Nation
- Powell River: BC Housings proceeds with a 42-unit development
- Comox Valley: Construction of $126 million water treatment system begins this fall
City of Campbell River Development Applications in this week’s Around Town
As of July 29, the City of Campbell River is requiring all developers to meet with the city planners when submitting development applications.
(more…)Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Port Alberni: 150 units in four new five-storey buildings
- Powell River: 225 mixed residential units on 38 acres
- Campbell River: 51 unit four-storey building approved
Year to Date Building Statistics in Around Town
Compared to 2018, the 2019 year-to-date construction values for the Comox Valley and Campbell River has decreased by 2.75%. Cumberland and Comox experienced a decline in single family and secondary dwellings with 41 and 46% respectively, while Campbell River was the only municipality to record an increase from 59 to 62 units (5%).
(more…)Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Comox Valley and Campbell River Year to Date Building Statistics.
- A new Comox development proposes 200 rental units.
- The Powell River Aviation Industrial Park development is moving forward.
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