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!
Second Annual Builders’ Education Summit 2024 in Around Town
Presented by the Canadian Home Builders’ Association of BC (CHBA BC) and the Building Officials’ Association of BC (BOABC), this year’s Builders’ Education Summit will be held at the Sheraton Richmond Airport Hotel on October 23rd and 24th.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note
- Courtenay: Construction begins on a new childcare centre at the North Island College.
- Comox: City is working through approvals for a new 205 unit apartment building.
- Campbell River: Approvals moving forward for 30 bare land strata lot duplex project.
Home Prices and Lower Interest Rates in Around Town
The Bank of Canada is now less concerned about home prices spiking as it lowers the benchmark interest rate to 4.5%. The next interest rate decision is set for September 4.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Comox Valley: Union Bay Estates moving forward with a wastewater treatment plant.
- Comox: Tender for the design and construction of an estimated $53 million project at 19 Wing.
- Campbell River: Proposed new high density zones along Merecroft Road to 9th Ave.
VIREB July Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide (all property types) in July. 363 single-family homes sold, down 11 per cent from July 2023. Sales of condos came in at 87 units, decreasing by nine per cent. In the row/townhouse category, 99 units sold, up 16 per cent from 2023.
(more…)A return to full issues next week.
We hope you had a great British Columbia Day! This week’s issue includes Tenders and Building Permits. The weekly issue will be condensed following the August and September long weekends, returning to full issues the week following.
Building Links Construction Reports and Statistics: The weekly #1 construction projects resource for 30 years. New and updated projects, permits, tenders, and industry connections for Vancouver Island – Central North, West Coast and Powell River. Helping you build connections so you can build communities! Where are you getting your information from? Support local trades – Subscribe Now!
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
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