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!
Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Ucluelet: 112 units on a 12.7 acre lot proposed on Marine Drive.
- Comox Valley: Funding approved for two affordable housing projects with a total of 92 units.
- Campbell River: Approvals moving forward for a new five-storey, 70 unit building.
New mortgage stress test in Around Town
Your Weekly Construction Briefing
Starting June 1, Canadian homebuyers will face tougher mortgage stress test rules that will decrease the buying power of most borrowers. The new stress test increased the previous 4.79 per cent qualifing rate to 5.25 percent.
Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Campbell River: Council has given first and second reading to a Zoning Amendment Bylaw for a new five storey, 60 unit building.
- Courtenay: Paving work is underway Crown Isle’s newest subdivision with 54 single-family lots.
- Tofino: Construction of a 14 unit affordable rental complex is underway.
Province takes over Home Owner Grant Applications in Around Town
Your Weekly Construction Briefing
Residents in municipalities no longer apply for the home owner grant through their municipality. Applications are now processed online or by phone directly through the province.
Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Comox: Kinetic has been chosen to build the new Marine Services Building.
- Courtenay: Sub Contractors required for new 24-unit residential and 7-unit commercial building.
- Port Alberni: OCP amendment approved for a new Aboriginal Mothers Centre.
BC Construction Association releases survey in Around Town
According to an industry wide survey released in April 2021, BC’s construction industry continues to be the number one employer in BC’s goods sector, with more than 219,500 people relying directly on construction for a paycheque.
Your Weekly Construction Briefing
Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Comox: A tender has been released for multiple Kitchen and Bathroom Renovations at CFB Comox.
- Courtenay: A DP has been submitted for the first building in a 104 unit multi-residential development.
- Port Alberni: Approvals are proceeding for a 5-storey, 102 unit seniors home.
VIREB April market update in Around Town
Your Weekly Construction Briefing
According to the Vancouver Island Real Estate Board’s (VIREB) April statistics, inventory on single family homes and condo apartments rose eight and 16 per cent, respectively, but active listings of townhouses dropped by eight per cent. April saw sales of 590 single-family detached properties compared to 567 the previous month.
(more…)Your Weekly North Vancouver Island Construction News
In this Week’s Issue of Building Links
- Courtenay: A 34 unit six-storey residential-commercial development proposed for downtown.
- Campbell River: DP approved for a 49-unit, 4-storey apartment building.
- Black Creek: 168 site RV Campground proposed near Saratoga Speedway.
Campbell River dam safety upgrades meeting in Around Town
Your Weekly Construction Briefing
On May 6, join BC Hydro’s Stephen Watson, and Campbell River & District Chamber of Commerce’s Mary Ruth Snyder, for an exclusive online project update on the upcoming proposed dam safety upgrades within the Campbell River hydroelectric system. Work may start in 2023.
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