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!
November Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 566 unit sales board-wide (all property types) in November. 267 single-family homes sold, up 14 per cent from November 2023. Sales of condos came in at 62 units, increasing by 13 per cent. In the row/townhouse category, 76 units sold, up 58 per cent from 2023.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Cumberland: Proposed 34 unit apartment for affordable housing.
- Courtenay: Tender for the 6th Street Pedestrian and Cycling Bridge
- Campbell River: Proposed 34 unit apartment building.
CMHC’s Fall 2024 Housing Supply Report focuses on Canada’s Metropolitan Areas
Adding to last week’s Around Town, the CMHC Fall 2024 Housing Supply Report reported multi-unit housing starts in Vancouver fell in the first half of 2024 as development, land, and financing costs negatively impacted project profitability.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Powell River: 9 lot subdivision proposed for up to 36 units.
- Comox: DP approved for six storey mixed use building with 205 units.
- Campbell River: Proposed redevelopment of four downtown lots for multi storey mixed use.
Housing Starts down in Vancouver in this week’s Around Town
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September, with seven percent in multi-unit starts. The Prairies, Quebec and Atlantic provinces have seen higher activity this year, while Ontario and B.C. recorded declines.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Tofino: Construction Manager required for a new Island Health two storey modular building.
- Courtenay: Tender to be released soon for the $1.65 million Lake Trail Multi-Use Pathway.
- Comox: Rezoning application under review for three apartments with 228 units.
BCCA Releases Stat Pack Fall 2024 in Around Town
The BC Construction Association (BCCA) has released their quarterly industry statistics for the Fall of 2024.
(more…)Your Weekly North Vancouver Island Construction News
- Tofino: proposed mixed-use building with 25 apartments and three commercial units
- Union Bay: open house for the proposed FireHall and funding options
- Campbell River: new zoning proposed to prohibit business and service types near downtown
Quarterly Building Permit Statistics in Around Town
Comparing the year-to-date 2023 and 2024 building permits for the Comox Valley and Campbell River, the number of permits for single and secondary family decreased by only 2% with decreases in Comox and Cumberland offset by increases in Campbell River and Courtenay.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: tender released for hospital elevator replacement
- Campbell River: proposed 65 unit, six storey mixed-use building
- Campbell River: asbestos disposal resumes
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