Vancouver Island Home Construction Data from CMHC

Posted on Aug 19, 2018

The Canada Mortgage and Housing Corporation (CMHC) released the July 2018 housing starts data last week. Some of the Vancouver Island highlights include:

Comox Valley and Campbell River: Elevated housing construction has the Comox Valley pacing well ahead of 2017 for overall housing starts. The CMHC reported that the Comox Valley has a total of 331 housing units under construction at the end of July 2018, which includes single family homes, semi-detached homes, row housing and apartments. Year-to-date new housing starts total 250 until July 31, compared to 177 for 2017.

Construction activity is also on the rise in Campbell River, according to CHMC’s statistics. As of June 30, 2018, the number of single family homes, semi-detached homes, row housing and apartments under construction is 254 compared to 178 in 2017.

Victoria Highlights: The trend for housing starts moved higher in July 2018, continuing strong construction activity in the first half of the year for the Victoria CMA,” said Eric Bond, CMHC’s principal analyst. “The number of single-detached starts expanded, particularly in the West Shore municipalities of Langford and Colwood. With strong demand for all types of housing in the region, builders have responded by starting 14% more units in 2018 compared with the same period last year.”

For more information, contact: Len Catling, CMHC Media Relations, lcatling@cmhc-schl.gc.ca

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Multi-Family Residential Construction Booming on North-Central Vancouver Island

Posted on Jul 25, 2018

Compared to 2017, the 2018 second quarter construction values for the North-Central Vancouver Island communities of the Comox Valley and Campbell River have increased by 54% or $51 million. Construction of multi-family residential units and commercial builds have contributed to the majority of the increases.

Multi-family residential units, including duplexes and triplexes, surged ahead with 139 units for Courtenay (22 units last year second quarter), 109 units for Campbell River (49), and 23 units for Cumberland (the first multi-family builds since 2011).

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Lawmar Contracting Welcomes Many New Homeowners to The Ridge

Posted on Jul 24, 2018

Custom home builder Lawmar Contracting in the Comox Valley has welcomed many new homeowners to The Ridge.

Their clients choose the Comox Valley because of the West Coast lifestyle, the friendly community, the amenities, the activities, the scenery and more. They also come from many different places, including Metro Vancouver, other parts of BC, Alberta, Ontario and of course, some Comox Valley residents have relocated to The Ridge.

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Parkside Lifestyle Townhomes Marketing Phase 3 in Courtenay, BC

Posted on Jul 22, 2018

All 15 new townhomes in Phases 1 and 2 at Parkside Lifestyle Homes in Courtenay are now sold. Phase 3 of the Phase 4 project will consist of eight duplexes and townhouses, and these are now available at pre-construction pricing.

The new, two-storey homes in West Courtenay are approximately 1,220 sq. ft. in size and will include the following features: three bedrooms, 2.5 bathrooms, an open-style living room and kitchen, a gas furnace, gas BBQ hookup, six appliances, a window covering package, a garage, two outdoor patios, oversized crawl spaces, landscaping and more.

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Custom Builder Integra Homes Has a New Crown Isle Rancher Home For Sale

Posted on Jul 17, 2018

Integra Homes has a bright and sunny 1,847 sq. ft. single-storey home complete and ready for occupancy in the Hampton Gate subdivision of the Crown Isle Community.

This well-designed new home for sale has many features including a spacious great room open to the kitchen, a kitchen island, two bedrooms, a den, a covered patio perfect for outdoor entertaining, as well as a shed and a two-car garage, with additional room for two more cars in the driveway!

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Home Sales Are Down, But Prices Are Up on Vancouver Island

Posted on Jul 13, 2018

Housing demand has decreased in the Vancouver Island Real Estate Board (VIREB) area, which ranges from Duncan to Port Hardy, in the first half of 2018. Despite lower sales to date, lack of inventory continues to tilt the market in favour of sellers and move prices up.

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