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 Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 434 unit sales board-wide (all property types) in January. 205 single-family homes (SF) sold, up 36 per cent from January 2024. Sales of condos came in at 46 units, the same as in January 2024. In the row/townhouse category, 43 units sold, up 10 per cent from 2024.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Mount Washington: District is moving forward with new Fire Services project.
- Cumberland: DP approved for 15-lot industrial subdivision
- Courtenay: Council is reconsidering the 6th Street Pedestrian and Cycling Bridge.
Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Tofino: Trades Tender expected in April for daycare and 4 unit staff accommodation project.
- Hornby Island: Construction underway for 26 unit housing project.
- Courtenay: Funding application proceeding for $1.129 million Anderton Dike Remediation project.
2024 Building Permit Statistics – Comox Valley and Campbell River
Compared to 2023, total building permit values in 2024 decreased last year by 16% from $391 to $328 million and the total number of permits decreased by 7.5% from 803 in 2023 to 743 in 2024. As a further comparison, there were 852 permits issued in 2022.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: proposed 76-room hotel
- Comox: Design-Build RFP for $18 million facility at 19 Wing
- Courtenay: Developers meeting scheduled for February 5
- This week’s issue includes the 2024 Building Permit Statistics
Comox Subdivision and Development Servicing Bylaw In Around Town
The Town of Comox is updating its Subdivision and Development Servicing Bylaw. A developer forum was held on January 13 and the Town is now seeking feedback from the development community.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Tofino: February trade fair for the Clayoquot Sound Biosphere Centre.
- Cumberland: Second public information meeting for a 180+ unit mixed-use project.
- Courtenay: Over $12 million 3-year budget for community and neighborhood parks.
Vancouver Island Real Estate Board says 2024 ends with a balanced market
The Vancouver Island Real Estate Board (VIREB) recorded 7,489 unit sales (all property types) in 2024 compared to 7,297 in 2023 and 7,810 in 2022. December 2024 saw unit sales of 443 (all property types) and 2,883 active listings with increased sales in all categories from December 2023.
(more…)Your Weekly North Vancouver Construction News
In this week’s Editor’s Note:
- Comox Valley: DP approved for 46 site RV Park in Fanny Bay
- Comox: Vampire Pavilion work is underway
- Campbell River: Wind energy project proposed northeast of the City
2025 Vancouver Island Property Assessments in Around Town
BC Assessment has released the updated property assessments, which reflect market value as of July 1, 2024.
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