“Canada’s Great Street 2017” is First Avenue in Ladysmith

Posted on Nov 16, 2017

 

Photo Credit: Great Places in Canada

The community of Ladysmith has been honoured by the Canadian Institute of Planners with the title of Canada’s 2017 Great Street, in recognition of the Town’s historic First Avenue.

First Avenue is a defining area of this charming community on Vancouver Island, and was recognized based on criteria that included social, economic and accessibility and safety factors, as well as elements including design, culture, history and landscape. First Avenue beat out 16 other submissions from across Canada.

You could be enjoying this and many of the other amenities of this lovely Vancouver Island waterfront town from your home at The Gales.

The Gales is a new luxury ocean view home community in Ladysmith on Vancouver Island. Currently there are two patio homes under construction. These new patio homes are 1,820 sq. ft, and offer stunning ocean views.

The Gales has one new luxury ocean view home completely finished and ready for occupancy, featuring 1,000 sq. ft. on the top floor and 1,555 sq. ft. on the ground floor. This new home is offered for sale at $649,900.

For more information contact Realtor Keith Mazurenko of Royal LePage Nanaimo Realty

Office: (250) 245-0545
Toll-Free: 1-877-252-2252
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2 New Bungalow-Style Ocean View Homes Under Construction at The Gales in Ladysmith

Posted on Oct 30, 2017

The Gales in Ladysmith continues to construct additional luxury homes for their beautiful ocean view community.

Currently, two more patio homes are under construction, with framing now underway on these new bungalow-style homes, #18 and #19. These new patio homes are very spacious, each offering 1,820 sq. ft. plus a large crawl space with plenty of room for storage.

The Gales has one new luxury ocean view home completely finished and ready for occupancy, featuring 1,000 sq. ft. on the top floor and 1,555 sq. ft. on the ground floor. This stunning new home is being offered for sale at $649,900.

Come and take a look at this award winning development, located in the charming community of Ladysmith on Vancouver Island.

For more information contact Realtor Keith Mazurenko of Royal LePage Nanaimo Realty

Office: (250) 245-0545
Toll-Free: 1-877-252-2252

 

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Lower Homes Sales Due to Less Inventory, Not A Cooling Market: VIREB

Posted on Sep 21, 2017

The Vancouver Island Real Estate Board (VIREB) reports that single-family home sales dipped in August, down to 540 from last year’s 622, a decrease of 13 per cent. Although fewer units are moving, the board attributes it to lack of inventory, not a cooling market.

In its 2017 Third-Quarter Housing Forecast, the British Columbia Real Estate Association (BCREA) reports that the B.C. economy has expanded at above-trend growth for over three years, with 2017 expected to be the fourth consecutive year of three per cent or higher economic growth. Multiple offers continue to be the norm, and realtors are now receiving them on condominiums and townhouses, which is virtually unprecedented for the VIREB area.

The August 2017 benchmark price of a single-family home in the Campbell River area was $367,000, an increase of 21 per cent over August 2016. In the Comox Valley, the benchmark price hit $454,900, up 21 per cent from last year. Duncan reported a benchmark price of $408,300, an increase of 15 per cent compared to August 2016. Nanaimo’s benchmark price rose 18 per cent to $492,900 while the Parksville-Qualicum area saw its benchmark price increase by 15 per cent to $508,200. The price of a benchmark home in Port Alberni was $248,300, up 19 per cent from one year ago.

Excerpted from the VIREB Monthly Statistics Report.

Receive up-to-date information on building permits, tenders, proposed developments and construction news for the Comox Valley, Campbell River, Port Hardy, Powell River and more locations on the North Island from Building Links.

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New Townhome Development for Courtenay, BC

Posted on Aug 12, 2017

Road construction is underway for a new townhouse project in Courtenay, BC. These new townhomes are located in a park-like setting and are surrounded by mature trees. There are a number of trails that will run through the property, connecting residents to nearby Tarling Park. This project is also located close to downtown Courtenay.

These units will be a minimum of 1,350 sq. ft. in size and some of the larger units will include 3 bedrooms and 3 bathrooms. Construction on the new townhomes is expected to begin in Fall, 2017 and introductory pre-construction pricing is now available. These new townhomes are located at the end of 13th Street in Courtenay.

Parkside Lifestyle Townhomes are located in the Comox Valley on beautiful Vancouver Island.

For more information, contact Art Meyers or Michael Emerson at Royal LePage in the Comox Valley at 250.334.3124.

Art Meyers: Cell 250.207.1879

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Vancouver Island Real Estate Board Reports Brisk Sellers’ Market

Posted on Aug 12, 2017

“Total active listings on the market this spring were down 21 per cent in Victoria and 30 per cent across the rest of Vancouver Island,” says BCREA economist Brendon Ogmundson. “This imbalance will result in rising home prices until the supply of homes for sale increases, consumer demand declines, or a combination of both factors occurs.”

The July 2017 benchmark price of a single-family home in the Campbell River area was $361,800, an increase of 20 per cent over July 2016. In the Comox Valley, the benchmark price hit $453,300, up 23 per cent from last year. Duncan reported a benchmark price of $407,700, an increase of 18 per cent compared to July 2016.

Nanaimo’s benchmark price rose 19 per cent to $490,500 while the Parksville-Qualicum area saw its benchmark price break the $500,000 mark, rising by 14 per cent to $506,700. The price of a benchmark home in Port Alberni hit $250,000, up 19 per cent from one year ago.

Excerpt from July 2017 VIREB news release.
Website: www.vireb.com

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Vancouver Island Real Estate Board Releases 2016 Buyer Profile

Posted on Jun 26, 2017

The 2016 Buyer Profile provides statistical information summarizing “home characteristics” for VIREB’s overall board area within its boundaries. These include Duncan-Cowichan Valley, Nanaimo, Port Alberni-West Coast, Parksville- Qualicum, Comox Valley, Campbell River, North Island, and the Islands.

At 81.5 per cent, owner-occupiers continue to be the primary buyers in the VIREB area.

In 2016, 26 per cent of homes that sold were under $250,000, 51 per cent were under $350,000, and 68 per cent sold for under $500,000, Only 1.4 per cent of homes in the VIREB area sold for more than $1 million dollars.

At 58 per cent, single-family detached homes represented the majority of purchases in 2016, with condominium apartments accounting for 10 per cent of purchases and townhomes garnering 7.2 per cent of total home sales.

In terms of aggregated buyer origin, home purchasers break down as follows:

  • 31.6 per cent from Vancouver Island;
  • 41.6 per cent from elsewhere in British Columbia (Vancouver and the Fraser Valley make up 27.8 per cent of that figure);
  • 24.2 per cent from elsewhere in Canada; and
  • 2.6 per cent from outside of Canada.

Receive up-to-date information on building permits, tenders, proposed developments and construction news for the Comox Valley, Campbell River, Port Hardy, Powell River and more locations on the North Island at BuildingLinks.ca.

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