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!
Real Estate Inventory Continues to Rise on Vancouver Island in Around Town
Your Weekly Construction Briefing
Inventory in the VIREB area (north of Victoria) rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets, and some areas saw small month-over-month price reductions.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Campbell River: Jubilee Heights has submitted an application for another 52 lots.
- Oyster Bay: SRD approved rezoning for a 165-hectare rural subdivision.
- Comox: Final approval for 71 homes is expected within the next few weeks.
BCREA Economics Update In Around Town
Your Weekly Construction Briefing
BC’s May home sales declined, while starts and new listings ticked upwards modestly. Sales fell in all areas of the province except for in the Northern region, where sales were up slightly. Rental costs continue to rise and remain elevated relative to most other points since the onset of the pandemic.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Courtenay: Development Permit under review for a 41-unit condo building.
- Campbell River: Strata Subdivision under review for 85 acres.
- Campbell River: Rezoning moving forward for 100 units of mixed single and multi family.
John Hart Dam Seismic Upgrades In Around Town
Your Weekly Construction Briefing
BC Hydro has announced the companies that have submitted civil work bids for the John Hart Dam Seismic Upgrade Project.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Campbell River: July 6 public hearing for Development Permit Areas Steep Slopes
- Cumberland: Tenders released for trade contractors for the Child Care Centre.
- Courtenay: A new 4.6 hectare public park and trails proposed close to downtown.
Inventory needs to triple to balance real estate market in Around Town
Your Weekly Construction Briefing
The British Columbia Real Estate Association has released its quarterly Economics Housing Forecast report. The report identifies the economic factors affecting British Columbia and its housing markets.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Courtenay: The North Island College’s 200 unit Student Housing Project is proceeding.
- Comox: A five building industrial development is proposed near the airport.
- Campbell River: The School District is proposing seven new child care facilities.
Courtenay’s Official Community Plan Public Hearing In Around Town
Your Weekly Construction Briefing
Courtenay City Council is requesting feedback on Courtenay’s Official Community Plan Bylaw and several Zoning Amendment Bylaws. Those additional Bylaws consist of several changes including allowing secondary suites in 15 zones and adding bike parking and reducing vehicular parking for multi residential.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Tofino: Rezoning moving forward for a 20-unit multi-family housing project.
- Powell River: Construction underway for a 12 unit multi-family ocean view condominium building.
- Courtenay: Approvals proceeding for a 247-unit apartment development.
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