1st Quarter Construction Numbers Reported by Building Links

Posted on May 23, 2018

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.

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Building Permits Issued and Construction Underway At Parkside Lifestyle Townhomes

Posted on Apr 25, 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).

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Construction Numbers Continue to Climb in 1st Quarter of 2018

Posted on Apr 20, 2018

Building Links has compiled year-to-date building statistics for January 1 – March 31, 2018 and they are reporting an increase of 28% in overall construction values in the areas of the Comox Valley and Campbell River for 2018 compared to 2017.

Construction values in these areas for the first quarter of 2018 total $59,623,110 compared to $46,388,088for the same period 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 including duplexes, triplexes, four-plexes and secondary dwellings.

The Comox Valley Regional District (CVRD) reported the highest increase (41%) in single family construction when comparing 2017 to 2018. The growth in other municipalities surveyed was primarily due to an increase in the construction of multi-family residential units.

The overall construction value increase of 28% in 2018 was slightly higher than the 25% increase reported when comparing the first quarter of 2016 to 2017.

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Spring Brings Construction Weather to The Ridge in Courtenay

Posted on Apr 17, 2018

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.

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Union Bay Project Ready to Launch With Infrastructure Construction

Posted on Mar 20, 2018

On March 1, Kensington Union Bay Properties Limited held a  press conference to announce the launch Union Bay Estates development, a residential and commercial development located on 850 acres in Union Bay.

Located 15 minutes south of Courtenay, Union Bay Estates will include many residential options including multi and single-family residential, retirement and senior living, work/live homes and affordable housing. As a destination community, the development will also incorporate mixed use commercial space, along with two new hotels, a marina and amenities such as a pharmacy, medical clinic, movie theatre, coffee shop and more.

The Master Development Agreement for this project allows up to 2,949 new residential units to be built. Currently, there are approximately 1,200 residents living in Union Bay and the population could increase by an additional 7,500 to 9,000 once the project has been built out.

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The Gales Continues to Build New Ocean View Homes in Ladysmith

Posted on Mar 20, 2018

The Gales in Ladysmith

Construction is once again underway at The Gales in Ladysmith, where two new homes are being added to this established Vancouver Island ocean view community.

These new patio homes, #18 and 19, each offer a spacious 1,820 sq. ft. of luxury ocean view living. Additionally, The Gales’ Realtor Keith Mazurenko has listed a three-bedroom luxury ocean view home, which completely finished and ready for occupancy (#17), offering 1,555 sq. ft. on the main floor and a 1,000 sq. ft. basement.

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