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 Editor’s Note
- Tofino’s Multi-Modal Transportation Plan recommends approximately $10 million in improvements.
- A 27 unit rental housing project in Campbell River is moving forward.
- This week’s issue includes 10 new and previously published tenders.
Around Town VIREB April Market Update
According to the Vancouver Island Real Estate Board’s (VIREB) April Statistics, while demand has been decreasing, prices in the VIREB area are still rising. VIREB REALTORS® are seeing price reductions on higher-priced homes while demand is still relatively strong for houses in the $400,000 to $550,000 range. For all VIREB regions (Duncan to North Island) the total unit sales decreased by 13%, while Port Alberni was the only area to report an increase at 15%.
Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- The Base Mini Storage in Comox is expanding.
- The Campbell River Transition Society proposing four-storey residential building.
- School District 70 Alberni issues tender for Air Handling Units Replacements for four schools.
Around Town CMHC Construction Report
The Canadian Mortgage Housing Corporation (CMHC) offers access to multiple publications and data on housing construction, the rental market, populations and housing stock for multiple cities.
Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- Coal Valley Estates in Cumberland moving ahead with 60 lots in Phases 8 and 9.
- Development permit for Campbell River’s newest 70-unit rental apartment approved.
- Construction underway for new sawmill in Port Alberni.
Around Town Climate change updates for Canada’s building code
As reported by CBC News, Canada’s building rules are being rewritten to address climate change. If no changes are made to the way we build, it’s estimated that infrastructure failures linked to climate change could cost Canada $300 billion over the next decade.
Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
- The Ocean Front Senior’s Village in Courtenay hopes to begin construction in August.
- Brown’s Bay Resort is proceeding with resort expansions to add additional lots.
- BC Hydro continues to review project upgrades estimated to exceed $300 million.
Around Town Vancouver Island leads BC in construction start values
B.C.’s average construction start value for projects over $50 million fell 30.7 per cent to $197 million in 2018 from $284.9 million in 2014, according to data on Business in Vancouver’s list of the biggest B.C. construction starts in 2018.
Your Weekly North Vancouver Island Construction News
In This Week’s Editor’s Note
We feature the first quarter construction statistics for 2019 in this week’s issue. There has been an increase of 20% in overall construction values in the Comox Valley and Campbell River areas in 2019 compared to 2018. Total construction values for the first quarter of 2019 total $71,624,688 compared to $59,623,110 in 2018. The rise of construction in all categories for Courtenay has been a driving factor for the increase.
(more…)Around Town Construction Industry Statistics
The BC Construction Association (BCCA) and industry partners launched BC Construction Month with the release of key construction sector statistics and the results of a province-wide survey that highlight the value of the sector to the provincial economy and the key issues facing employers and workers.
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