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!
Vancouver Island Real Estate Market Update In Around Town
Last month’s housing market was calmer than expected, with 291 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, down 22 per cent from March 2023. Sales of condos came in at 84 units, increasing by 27 per cent from 2023. In the row/townhouse category, 82 units sold, up by 9 per cent from 2023.
The board-wide benchmark price (MLS® Home Price Index) of a single-family increased 5% year-over-year up to $765,600 in March 2024; apartment’s 2% to $395,000; and townhomes 1% to $545,200.
| SF MLS ® | Average Sale $ | $ Change |
| Comox Valley | $947,555 | +11% last March |
| Campbell River | $766,992 | +13% last March |
| Port Alberni/West | $583,496 | -0.6% last March |
| Powell River | $636,083 | -4% last March |
Comparing March 2023 and March 2024, the number of single family units sold in Campbell River decreased from 44 to 24 with a benchmark price of $677,500; Comox Valley decreased from 75 to 48 with a benchmark price of $856,300; Port Alberni-West Coast decreased from 29 to 27 with a benchmark price of $528,800; and Powell River decreased from 30 to 23.
Source: VIREB and PRSCREB Market Stats
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!
Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: zoning approved for five storey 25-unit condo building
- Comox Valley: information session for proposed mandatory septic regulatory program
- Port Hardy: district providing land for up to 24 unit housing project
$15 million Apprenticeship Program Completed in Around Town
The British Columbia Construction Association (BCCA) has announced completion of the Apprenticeship Services program, funded by the Canadian Apprenticeship Strategy. The program closed on March 31st, 2024.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: New 40-unit affordable housing project.
- Courtenay: New 60 unit supportive housing and 40 bed permanent overnight shelter.
- Lund: District is seeking a Design-Builder for extending the Community Recreation Centre.
BC Housing Relatively Calm Heading into Spring in Around Town
The BC Real Estate Association reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® systems in February 2024, an increase of 15.3 per cent from February 2023.
(more…)Your Weekly North Vancouver Island Construction News
We hope you had a wonderful Easter weekend.
This week’s issue includes recently released Tenders and Building Permits.
The weekly issue will be condensed following the Easter and July, August and September long weekends, returning to full issues the week following.
See you next week!
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!
Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Powell River: Airport runway rehabilitation awarded to Upland Contracting Ltd.
- Campbell River: Urban Containment Boundary extension for proposed 350+ units.
- Quadra Island: Changes to the Tsa-Kwa-Luten Lodge for a Treatment Centre.
Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note
- Ucluelet: Design and Construction Management Services tender for the Lost Shoe Creek Water Treatment Plant
- Union Bay: Detailed Design tender for new Fire Hall.
- Campbell River: Services Design and Costing tender for unserviced Airport lots.
VIREB Real Estate Market Update in Around Town
Last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 per cent from February 2023. Sales of condos came in at 68 units, increasing by 11 per cent from 2023. In the row/townhouse category, 59 units sold, up by 18 per cent from 2023. However, active listings are down in comparison to February 2023.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note
- Port Alberni: Referendum to decide future of the Echo Aquatic Centre.
- Courtenay: Bill Moore Park upgrades for a new local amateur baseball team.
- Campbell River: City and BC Housing to create 40 temporary housing units.
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