Building Links Updates from the Vancouver Island Business Examiner

Posted on Oct 26, 2016

The Comox Mall, located on Comox Avenue and Port Augusta Street will be getting a makeover. A development permit application has been submitted to the Town of Comox and the owner is waiting to begin construction. The renovation includes a demolition of part of the mall that will be turned into parking and upgrades to all three floors of the building. The top floor is currently comprised of office space and will be renovated. Some office space on this level is available to lease to new tenants. A separate one-storey building will be constructed facing Comox Avenue – these units will be available for lease. Once all approvals are in place, the owner is expected to begin construction.

• • •

The construction of new homes in the Comox Valley and Campbell River region is increasing at a pace that we have not seen for some time. Builders are getting offers on homes, almost as soon as they have started digging the hole for the foundation. We have heard from many developers who are bringing on new phases of their projects, which include about 15-30 lots per phase; almost 100 per cent of the lots are being sold to builders. Lots are being purchased as soon as the registration has been completed, and construction of the houses begin almost immediately.

• • •

According to the latest VIREB stats strong results are being recorded for the Comox Valley and Campbell River region. The 12 month rolling statistics point to increases of 36 per cent and 39 per cent respectively in the dollar volume of sales. These stats were pushed by significant increases in sales volumes in September; both communities were up over 40 per cent. This level of demand and low inventories continues to drive prices up. Under these conditions, the market offers excellent liquidity; the days to sell is down to 41 in the Comox Valley, and 38 in Campbell River.

• • •

Acreages and a rural lifestyle is back in demand. The dollar volume of improved acreage sales is up over 65 per cent for the past 12 months over the previous 12 months. With a 26 per cent increase, the average price of an acreage hovers close to $640,000. The sales volume of unimproved acreages is up 50 per cent. Vancouver Island is one of the hot spots in BC where buyers are coming to live or invest, and prices are going up in almost every region. With historic low inventories and eager purchasers, we can expect prices to continue going up.

Clarice Coty is the editor of Building Links.
Contact: clarice@buildinglinks.ca
or find Building Links on Facebook at
www.facebook.com/BuildingLinks

Read More

The Ridge Adds Large Parks to Enhance This Comox Valley Neighbourhood

Posted on Oct 13, 2016

As part of this master-planned community, developers have built two parks within The Ridge subdivision in Courtenay on Vancouver Island. Community amenities such as these parks provide places for recreation and neighbourhood gatherings, and help create a greater sense of community.

As this new Courtenay development moves into its second phase, residents are taking advantage of these fabulous features.

One park is 1.5 acres large and is suitable for all kinds of play, including soccer, frisbee, football, and catch. This park is fully grassed, irrigated, and landscaped and also features a children’s play structure. This park has street lamps surrounding it so that it is lit up at night. It’s a perfect place to go for a stroll, to relax, see the view, or participate in some activities.

The parks and walking trails are just a few of the things that make The Ridge such a wonderful community. The wonderful residents and welcoming neighbours complete the feeling of community.

Contact developers of The Ridge to learn more:

Call Bruce at 250.650.8588
email: theridge.bruce@mail.com
www.theridgebc.com

Read More

Help Campbell River Make the Most of the City’s 3.5 Acre Waterfront Site

Posted on Oct 5, 2016

It’s a once-in-a-lifetime opportunity, and you’re invited to help make the most of it. Apply to serve on the City of Campbell River’s Waterfront Task Force – and be part of creating a spectacular new area in the heart of Campbell River.

The City of Campbell River is looking for seven people to help develop:

  • community-endorsed principles for development and uses on the 3.5 acre waterfront site at the corner of Highway 19A and Roberts Reach
  • a transparent screening process and regulatory tools for evaluating uses and potential development proposals
  • recommendations for public amenities on and adjacent to the site
  • a public investment/incentive strategy for potential future development of the site
  • a strategy for moving forward with a clear vision for the 3.5 acre site

“The Waterfront Task Force’s work will be part of a comprehensive community engagement process to incorporate public interests and amenities and complement downtown revitalization efforts,” says Mayor Andy Adams. “Council will continue to collaborate with our First Nations partners, local businesses and associations to ensure that any potential development of the 3.5 acre property aligns with the City’s plans as identified by the community through the Task Force.

Waterfront Task Force appointments will be for a maximum of 24 months. The City will issue a request for proposals for consulting services to assist in the process.

Information and applications are at City Hall or under What’s New at www.campbellriver.ca. The deadline for applications is 4:30 p.m. Oct. 31, 2016.

Questions? Please contact Peter Wipper, City Clerk at 250-286-5700 or email peter.wipper@campbellriver.ca

Read More

Crown Isle is Building Community – One Bench at a Time.

Posted on Sep 29, 2016

The 1st Phase of Crown Isle Resort and Golf Community’s bench program is now complete, with 6 benches installed throughout the community. These benches are designed to provide resting and meeting spaces along popular walking routes throughout the community.

The benches were provided by donation from residents, Crown Isle Resort and builder Benco Ventures, as well as the City of Courtenay, which provided the concrete pads and will maintain the benches.

This joint venture is proving popular already, and Phase II is in the works. Residents can make donations for the next phase through City Hall.

The bench program is just one of many examples of what makes Crown Isle a true community, full of amenities that go far beyond the championship golf course and resort centre.

If you’re ready to be part of the fabulous Comox Valley community, contact Crown Isle today to learn more about building your next homes here!

CONTACT US:
Jason Andrew, Director of Sales
Phone: 250.207.0070
Email: jandrew@crownisle.ca

Show Home and Open House:
1184 Crown Isle Drive, Courtenay, BC
Open 7 days a week from 12pm – 4 pm

Read More

City of Powell River Considering Large, Diverse Projects

Posted on Sep 23, 2016

The planning staff at the City of Powell River have been busy with new development applications that, if approved, will provide a diversity of projects that will change the economy and the population in Powell River. The interest in the community has increased significantly during 2016 with a variety of new applications coming forward.

We have highlighted a few of the newest projects in this column.

The Chinese investment firm that purchased Block 55 in the Wildwood neighbourhood from the Catalyst Mill in Powell River is working with the City of Powell River to move forward with a large new development. The proposed project will include a master planned community featuring a private university at the core of the property, surrounded by student dorms, supporting retail outlets of approximately 100,000 sq. ft., multi-residential units, single family homes and possibly a marina. The City has been supplied with schematics for the project, and is awaiting formal applications.

The City of Powell River is still awaiting a decision on an application for the exclusion of 30 acres from the province’s land reserve in order to sell it to Sino Bright School BC. Council has given third reading in support of the application by PRSC, a joint company of City of Powell River and Tla’amin Nation. If the Agriculture Land Commission (ALC) approves the application, Sino Bright plans to purchase 132 acres of PRSC land and develop a 30-acre Townsite parcel next to Brooks Secondary School for an international school campus. Rezoning is at third reading; 30 acres of this property in the process of being rezoned to general commercial zone (C1) which will allow for the private school to be built. If the ALC approves the application, then a development and building permits can be submitted by the owner and considered by council. If the project goes forward it would present the city some opportunities to work with the developers to include items such as a cycle path along Marine Avenue leading from Townsite to Westview.

The City of Powell River has been advised that partners Inclusion Powell River and Golden Life Management expect to make a rezoning application and a development application in the early Fall for a proposed 77-unit seniors housing next to Powell River General Hospital.

The intention is to build the project on a 3.5-acre parcel located on Joyce Avenue between Evangel Church and the pole line. If the project proceeds, it is expected the facility will be open by the end of 2017.

Authour Clarice Coty can be reached through www.buildinglinks.ca.

Read More