Lot Development in Phases 3 and 4 of THE RISE at Crown Isle Nearing Completion

Posted on Aug 19, 2018

Silverado Land Corp., the developer of the Crown Isle resort community, is working to complete Phases III and IV at The RISE. The roads and sidewalks have already been built for this new Crown Isle subdivision, which is located on the north side of Ryan Road in Courtenay.

The subdivision is expected to be registered at the Land Titles Office by early September and local builders are ready to begin construction once the registration process is complete. Already 60 of the 69 lots in Phases III & IV have been reserved by local home builders and future homeowners. Remaining lot prices range from $195,000 to $235,000.

Visit Crown Isle and Comox Valley on beautiful Vancouver Island an experience the best of West Coast living!

For more information on homes or lots for sale in Courtenay, contact:
Jason Andrew, Director of Real Estate, Crown Isle Resort and Golf Community
Cell: 250.207.0070
Email: 
jandrew@crownisle.ca

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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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Pre-Sales For Phase 3 of Parkside Lifestyle Townhomes in Courtenay

Posted on Aug 16, 2018

Comox Valley Realtor Art Meyers is pleased to announce that the pre-sale program for Phase 3 of Parkside Lifestyle Townhomes has now commenced. Phases 1 and 2 are sold out and construction is scheduled to begin on Phase 3 in late 2018.

Visit the website for updates, pricing, floor plans and available units. The real estate market in the Comox Valley continues to be very buoyant with strong demand and a minimal supply.

Due to the short supply of new townhomes in the Valley, you are encouraged to contact Art Meyers ASAP to find out more about these 1,220 sq ft, three bedroom, 2.5 bathrooms homes.

Prices for these townhomes start at $379,900.

Contact:
Realtor Art Meyers
Royal LePage in the Comox Valley
Cell: 250-207-1879

Note: Prices and information are subject to change without notice

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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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Low Unemployment in Construction Sector in Vancouver Island Driving Wage Increases

Posted on Jun 29, 2018

According to the Canadian Federation of Independent Business (CFIB), the unemployment rate in BC is the lowest in Canada, with the construction industry dealing with one of highest vacancy rates. The 5.8 per cent unemployment rate from February ties for the lowest nationwide rate seen in Canada since 1976, a sign that the country’s economy has been firing on all cylinders.

CFIB also reported that businesses experiencing labour shortages plan to raise employee pay by 2.8 per cent, versus 2.3 per cent for businesses not seeing labour shortages.

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