Park Place Cowichan Bay is presenting a new rancher plan, currently being built at this new real estate development on in Cowichan Bay on Southern Vancouver Island. Priced at $339,900 (incl HST), this new home comes complete with a full appliance package and landscaping including an underground irrigation system. View this new home, and other options for new family homes or downsizing empty nesters, at an Open House. Park Place Cowichan Bay open houses are held Saturday and Sundays from 1- 4 p.m. New Homes at Park Place Cowichan Bay are built by award winning builders Cadillac Homes and come with New Home Warranties.
About 33,000 assessment notices have all been sent to Cowichan Valley property owners, who saw an average increase of five per cent over last year’s assessments, according to Bill MacGougan, Vancouver Island regional assessor.
“For the most part we’re not seeing big swings. It’s a pretty stable market. The average change that we’re seeing is less than five per cent,” MacGougan said.
The average increase for Duncan was about three per cent, while North Cowichan only was up three and a half per cent. “These are averages for the residential property class, of course. It’s a stable market. We know that sales volumes are still relatively low compared to historical numbers but the values are holding steady, neither up greatly or down.”
But while the market may be stable, interest in real estate here is quietly increasing, according to MacGougan.
“We have still a fair amount of development going on, relatively speaking. It’s hushed compared to some years but things are still growing and the developers are still in the area. Long term, there’s still going to be a lot of growth,” he said.
New real estate developments in the region include The Gales in Ladysmith, Park Place in Cowichan Bay and Trumpeter Pointe in Maple Bay.
The average single-family dwelling in North Cowichan was assessed at $360,000 in 2011; in Duncan at $275,000; and in Lake Cowichan at $254,000.
Vancouver Island’s Cowichan Bay- First Community to be Designated as a Cittaslow Community
This new Vancouver Island community features 36 new single family homes and includes underground services.
The new Vancouver Island development of Park Place is a short walk to the Village of Cowichan Bay waterfront and is surrounded by farmland. Park Place is only a 45 minute drive to Victoria or a 20 minute drive to Duncan.
Cowichan Bay on Vancouver Island recently became designated as a Cittaslow community. A Cittaslow community is one that focuses on the quality of life for its residents and environment by supporting local growers and artisans and places the quality of life for all the people who live in it as a top priority.
The Vancouver Island developers Dave Slang and Cam Pringle of Cadillac Homes Inc., have won numerous gold and silver C.A.R.E. (Construction Achievements and Renovations Excellence) awards for their projects and designs.
These Vancouver Island homes are priced from $355,000 in either a one or two-storey floorplan. Two of the new show homes have been finished and all of the roads inside the Vancouver Island subdivision have been completed.
Excerpted from 1stView.ca.
Parksville/Qualicum Beach Jumped 10% in Sales for September 2010
Vancouver Island Real Estate Board (VIREB) released the Multiple Listing Service (MLS) sales summary data for September 2010 which shows declines in unit sales on Vancouver Island compared to 2009.
There were 267 sales of Vancouver Island single family properties in the VIREB area through the MLS in September 2010, down 41% from the 449 sales in September 2009.
“We are beginning to see a plateau in inventories while prices are holding their own, “says VIREB President Cliff Moberg.” “With historically low interest rates still available, it may be as good a time as any to consider buying a home”, he adds.
In September of this year, 679 single family Vancouver Island homes came on the market in compared with 687 in September of last year.
The average sale price across the VIREB region for September 2010 was $325,336; a 2 % decrease from the $333,117 posted a year ago.
For the 12-month period from the end of September 2009 to September 2010, average Vancouver Island sale prices across VIREB’s six zones were:
- Campbell River decreased 13 % to $261,423;
- The Comox Valley was down 2% to $327,043;
- Nanaimo slipped 1% to $350,998;
- Parksville/Qualicum jumped 10% to $392,137;
- Port Alberni grew 3 % to $248,136; and
- The Cowichan Valley slid 11% to $313,363.
Excerpted from 1stView.ca.
As the leaves turn on Vancouver Island and Fall is upon us, the temperature outside begins to drop. This is also the time when thermostats are being turned up and the wood stoves are getting fired up again.
- Re-caulking windows & doors and replacing weather stripping;
- Changed filters, duct cleaning and chimney cleaned & inspected;
- Vacuuming out of baseboards and checking for foreign debris such as crayons.
Another option is to complete an Air Leakage Test in your Vancouver Island home to see where you are loosing heat.
Cristi with Elemental Energy Advisors can come and complete an Air Leakage Test on your home and show you exactly where you need to tighten up your Vancouver Island home, to keep the heat in and reduce your utility bills.
Victoria Accounts for Half of Vancouver Island’s Housing Starts in August
There were 329 housing starts across urban Vancouver Island centres recorded by Canada Mortgage & Housing Corporation (CMHC) in August 2010. This is an increase from July 2010 and it is on par with the five-year average for August.
The most active Urban Vancouver Island residential construction market in August was the Vancouver Island apartment condominium market. In Victoria CMA there were 160 apartment condominiums that started construction in August, this number represents nearly half of all August housing starts recorded across Urban Vancouver Island. Single detached homes accounted for over 80% residential construction activity on Vancouver Island (outside of Victoria CMA) which consists of Duncan CA, Nanaimo CA, Parksville CA, and Courtenay CA.
Nationally, the seasonally adjusted annual rate of total housing starts dipped to 183,300 units in August. In British Columbia, August’s seasonally adjusted rate of urban housing starts moved higher to 25,400 units, from 20,100 units in July.
Excerpted from 1stView.ca.