Construction is now underway in Phase 4 of The Ridge at RiversEdge, a quiet real estate development by the Puntledge River in Courtenay, BC. Two new bungalow/rancher style homes will be 1,600 and 1,900 square feet in size and are on set on large lots. These single-storey homes are expected to be completed in late summer of 2018.
Two new subdivisions in the Crown Isle Golf Course and Resort Community are now under construction with roadworks and site preparation well under way.
The RISE Phase III & IV (69 Lots total) are scheduled to be completed sometime in June or early July, followed by the final extension of Crown Isle Drive – Cambridge Park Estates Phases V & VI (67 Lots total) – with registration expected in the late fall.
Building Links has compiled the construction statistics for the first quarter of 2018 for the Comox Valley and Campbell River communities. Compared to 2017 we reported an increase of 28 per cent in overall construction values in the areas of Courtenay, Comox, the Comox Valley Regional District, Cumberland and Campbell River. This amount was slightly higher than the 25 per cent increase reported comparing the first quarter of 2016 to 2017.
Total construction values for the first quarter of 2018 total $59.6 million compared to $46.4 million in 2017. There has been a slight decline in the construction of single family dwellings, and an increase in the construction of multi family residential housing including duplexes, triplexes, fourplexes and secondary dwellings.
The Comox Valley Regional District reported the highest increase (41 per cent) increase in single family construction when comparing 2017 to 2018, while the growth in other municipalities was primarily due to an in- crease in the construction of multi-family residential units.
Growth in Cumberland registered a 114 per cent increase during the first quarter of 2018, mostly due to multi-family residential housing construction. It is the same story in Campbell River as their construction statistics showed 41 per cent increase primarily due to an increase in permits for multi-residential housing.
The number of permits for single family homes are down slightly across all areas with the Comox Valley Regional District being the only community show- ing an increase when comparing 2018 to 2017. Moving forward for 2018 we expect to see a continued increase in the construction of secondary suites, carriage homes and secondary dwellings. We also expect to see an increase in the new construction of multi-residential housing for sale and new builds for rental housing and a decrease in the construction of single family homes for 2018.
The first building permits have now been issued for Parkside Lifestyle Townhomes in Courtenay. Construction has now begun on the first five of these three bedroom, 2.5 bathroom townhomes in this desirable Vancouver Island community.
All of the 15 units in Phase 1 and Phase 2 have been pre-sold. A show suite will be built in Phase 1, which will remain open for the duration of the construction project. The registration process and disclosure statements for an additional 18 homes in Phases 3 and 4 are expected to be underway soon. Prices are expected to be announced on Phases 3 and 4 within the next few months.
Nicon Developments Ltd. – an award winning builder of new homes on Vancouver Island – has designed this development to be built to the high standard of Built Green Silver Certification.
Now is the time to make your inquiries on Phases 3 and 4.
For more information, contact Art Meyers or Michael Emerson at Royal LePage Comox Valley at 250.334.3124 or contact Art Meyers on his mobile at: 250.207.1879
(Note this is not an offering for sale).
New roads have been built and the construction has begun on several new homes in Phase II at The Ridge. Crews from the selected preferred builders are out in force as the spring weather settles into the Comox Valley.
Are you thinking of purchasing a new home in the Comox Valley? The Ridge is the perfect spot to build or buy your new home. It is one of the premium view spots in Courtenay, from which to enjoy year round views of the Beaufort Mountain Range, the Comox Glacier and Comox Bay and the mainland mountains.
Riverside Senior Living, a new independent living community in Downtown Courtenay, has created a safe, friendly and affordable place for seniors to call home. Design choices throughout the facility and in the suites have been made with the safety and security of their residents in mind.