Building Links 2013, Issue #24

June 19, 2013

Editor’s Note:

Silverado Land Corp. has submitted plans to the City of Courtenay to construct a new residential subdivision behind Costco. This new part of the Crown Isle Community is located across Ryan Road from rest of the residential community. They plan to build 60 new lots in this area, which will include a berm and a greenway alongside the new subdivision. Homes will be built starting at 1,250 square feet. and the lot prices are expected to range from approximately $149,000 to $169,000.

The contract to build Powell River’s new residential complex care facility, Willingdon Creek Village, has been awarded to Lark Group of Surrey, BC; the $26.5 million project is expected to be completed in early 2015. Willingdon Creek Village will replace the existing 81-bed Olive The new facility will be located on the grounds of Powell River General Hospital and will accommodate 102 beds in six separate structures. Construction is expected to begin by the end of June.

The City of Campbell River has awarded the tender for the Downtown Revitalization Project to Upland Excavating Ltd. in the amount of $3,551,465. This project involves upgrading underground services including sewer, water and storm drain with above ground improvements to roads, sidewalks, streetlights, landscaping, and public areas.

Canadian Home Sales Rise in April

According to statistics released by the Canadian Real Estate Association (CREA), national home sales edged up slightly on a month-over-month basis in April 2013. Activity has generally held to within short reach of current levels for the past nine months. The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged 0.6 per cent higher on a month-over-month basis in April 2013. Home sales improved in more than half of all local markets from March to April, led by gains in Greater
Toronto, Winnipeg, Calgary, and Victoria.
A few highlights include:
• National home sales rose0.6% from March to April, 2013
• The number of newly listed homes fell 0.9% from March to April, 2013
• The national average sale price rose 1.3% on a year over-year basis in April.
Excerpted from The Rennie Review – May 2013 Edition