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!
BC Home Sales Continue at Below Average Pace in Around Town
The BC Multiple Listing Service® (MLS® ) recorded 19% less residential sales in June 2024 compared to June 2023. For Vancouver Island (north of Victoria), active listings were up from 2,973 in June 2023 to 3,999 this June, with 18% sold, compared to 28% in June 2023. For Powell River, active listings were up from 178 to 214, with 11% sold, compared to 17% in June 2023.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note
- Tofino: Island Health is seeking three separate engineering firms for a three storey building.
- Comox: Expanding town boundary for 35 duplex lots.
- Campbell River: Urban Containment Boundary expanded to include 120 acres for residential development.
Second Quarter Building Permit Statistics in Around Town
This week’s Building Links report includes the year to day building permit statistics. The $201,292,112 total permit value for 2024 is 8% lower than January to June 2023. Courtenay is down 61% due primarily to five multi-storey buildings started in June 2023 that are now wrapping up construction. Campbell River is up 108%, due primarily to a March 2024 permit for $45 million for renovations to the Strathcona Recreation Centre.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Courtenay: moving forward with the $6.6+ million 6th Street Pedestrian Bridge project
- Powell River: the first of two apartments buildings is complete, 141 total units
- Campbell River: Construction Management Services requests for a 45 unit apartment building and a childcare building
VICA Offering Concrete Flatworks Seminar in Around Town
On August 8, VICA and Herold Engineering are hosting a virtual and in-person seminar on addressing scaling issues for concrete flatwork.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Bamfield: referendum for $18 million sewer connection
- Cumberland and Comox: $47 million expansions at two schools
- Powell River: proposed 54 residential lots with up-to 4 dwelling units each
Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide (all property types) in June. 359 single-family homes sold, down 15 per cent from June 2023. Sales of condos came in at 82 units, decreasing by 24 per cent. In the row/townhouse category, 91 units sold, down eight per cent from 2023.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni, Comox Valley, and Campbell River: Tenders for North Island College Construction Services under $200,000
- Courtenay: proposed 104 unit rental building
- Comox: over 750 apartments, condos and townhomes units proposed on three properties
Procurement Fairness Clause Removed in Around Town
The BC Construction Association has issued an alert following the confirmation of cases of removal of “Contract A” from the procurement process on many taxpayer-funded projects. Examples include some municipalities, school districts, universities, and crown corporations.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Comox: Public hearing for a 270 unit multi-family development.
- Cortes Island: Funding to construct road access for the proposed Rainbow Ridge Housing project.
- Port Hardy: NI Seniors Housing Foundation and Rotary Seniors Housing looking at new housing options.
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