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!
BCCA Releases Stat Pack Spring 2024 in Around Town
The BC Construction Association has released the quarterly statistics in the construction industry for the Spring of 2024. The BC Construction Stat Packs is a summary of the key statistics and trends from the BC construction sector.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Courtenay: Proposed $6.5+ million pedestrian bridge
- Saratoga Beach: Rezoning application denied for over 400 lots.
- Campbell River: General contractor announced for BC Hydro’s Ladore Spillway Seismic Upgrade Project
Real Estate Market Update in Around Town
Vancouver Island Real Estate Board (VIREB) recorded 741 unit sales board-wide (all property types) in April. 376 single-family homes sold, down 2 per cent from April 2023. Sales of condos came in at 75 units, dropping by one per cent. In the row/townhouse category, 83 units sold, down 2 per cent from 2023.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: 7.9 acres housing project for the Tseshaht First Nation
- Courtenay: College seeking General Contractor for new childcare centre.
- Powell River: New rezoning application to increase from 35 lots to 55-unit townhomes.
Asbestos Disposal Options in Comox-Strathcona in Around Town
Asbestos disposal at the Campbell River Waste Management Centre is unavailable until further notice. Until further notice, residents and licensed waste haulers will need to travel to Nanaimo’s solid waste facilities.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Comox Valley: $9.8 million for five transit exchanges
- Campbell River: Island Health moving forward with $85 million Long Term Care Home
- North Island: 2 all-day planned power outages at the end of May
Building Permits Quarterly Statistics In Around Town
The Comox Valley to Campbell River building permit total values for the first quarter of 2024 have increased by 51% compared to the first quarter in 2023. However, that is due to a $45,000,000 permit for renovations to the Strathcona Recreation Centre in Campbell River. Without that permit, total values for the first quarter would have decreased by 16%.
(more…)Your Weekly North Vancouver Island Construction News
In this week’s Editor’s Note:
- Port Alberni: Construction starts for 35 unit housing project.
- Courtenay: Over 110 new units now renting for three projects.
- Campbell River: Construction starts for 40 unit upscale apartment building.
- Building Permits: First quarter statistics for the Comox Valley and Campbell River.
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
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