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.

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Parkside Lifestyle Townhomes in the Comox Valley Announces Pre-construction Pricing

Posted on Sep 18, 2017

Realtors Art Meyers and Michael Emerson are pleased to announce special pre-construction pricing on the new Parkside Lifestyle townhomes/townhouses for sale in the Comox Valley.

Site construction is now underway for this new townhouse project in Courtenay on beautiful Vancouver Island.

Parkside Lifestyle Homes is a new 33-unit development offering spacious three-bedroom and three-bathroom units that are being built in the Comox Valley. These new townhomes will include a gas furnace, a six-piece appliance package, blinds and window coverings, as well as an oversized crawl space which is perfect for storage or a play area.

These new homes will be built as duplexes, tri-plexes and four-plexes and will feature a minimum of 1,350 sq. ft. All of the homes will feature a landscaped yard, a garage and room for parking for your visitors.

An incentive package of $10,000 is being offered for the first 10 purchasers. These units are priced to sell quickly at $314,800.

Contact them today for more information regarding floor plans and colour schemes:

Realtors Art Meyers or Michael Emerson at Royal LePage at 250.334.3124.
Art Meyers: Cell 250.207.1879

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Crown Isle Community Can Be Your Home Base For Vancouver Island Living

Posted on Sep 15, 2017

Everyone needs a place to call their home base – Crown Isle Resort & Golf Community and the Comox Valley offer the “Ultimate Home Base.”

Enjoy ease of travel with an airport just minutes away offering 30 minute flights to Vancouver plus non-stop flights to both Calgary and Edmonton. You will also enjoy being close to the new Comox Valley Regional Hospital, opening in October, 2017, North Island College, the Aquatic Centre plus the Crown Isle Plaza shopping centre complete with restaurants, medical and dental offices, supermarket, the Valley’s largest liquor store, Costco, and of course Starbucks and Tim Hortons.

There are also endless recreational opportunities available in the Comox Valley and surrounding area. You can enjoy the snow activities at Mount Washington during the winter, or hiking, swimming and festivals all summer plus endless fishing and boating possibilities all year round. With the milder climate in the Comox Valley you can even play golf 12 months of the year.

Come for a tee time, stay for a lifetime! Contact Crown Isle for more information.

Contact: Jason Andrew, Director of Sales  
Cell: 250.207.0070
Email: jandrew@crownisle.ca

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Two New Hospitals Opening This Fall on the North Island

Posted on Sep 13, 2017

Residents of the North Island will be visiting their new hospitals soon as both campuses in Campbell River and Courtenay are set to open in the next few weeks.

The 153-bed Comox Valley campus in Courtenay will have an expanded emergency room, surgical care space and University of BC academic teaching space.

In Campbell River, the 95-bed campus will include larger single-patient rooms with more private space for patients and their families, a larger emergency department and a bigger maternity ward, with two large birthing rooms to accommodate extended family.

The new hospitals in Campbell River and Courtenay were opened to the public for open houses in August and approximately 4,000 people turned out for self-guided tours of the North Island Hospital campuses. There is an excitement about the new hospitals for residents, staff and volunteers.

The $606.2 million North Island Hospitals Project includes a $331.7 million, 153-bed Comox Valley Hospital in Courtenay on Lerwick Road near Ryan Road, and a $274.5 million, 95-bed Campbell River Hospital on the existing hospital site.

Construction of the new hospitals created an estimated 2,200 direct jobs and more than 1,400 indirect jobs over the life of the project.

The economic and social benefits of the North Island Hospitals Project extend well beyond job numbers, said NIHP Chief Project Officer Tom Sparrow.

He notes the project to date has purchased $165 million worth of equipment, products and services from a wide range of Island suppliers.

The North Island Hospitals Project has been recognized as one of BC’s ‘Champions of Apprenticeship’ by the Industry Training Authority, which funds skilled trades training in BC. The North Island Hospitals Project won another award for innovation excellence. The project’s design builder, Graham, won Gold in the ‘Builder/General Contractor Commercial over $500 million’ category at the Constructech Vision awards in Chicago August 18, 2016.The award is from Chicago-based Constructech Magazine, which celebrates the places “where construction and technolog converge.”

The North Island Hospital’s Campbell River campus is projected to open on September 10, 2017 and the Comox Valley campus on October 1, 2017.

Clarice Coty is the editor of Building Links.
Contact: clarice@buildinglinks.ca
or find Building Links on Facebook

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Several New Seniors’ Housing Projects in the Works for Vancouver Island

Posted on Sep 8, 2017

More and more seniors are seeking a place to transition to, and there are several projects under way to meet the high demand on Vancouver Island.
There is a total of 345 new seniors’ units that will be built within the next 24 – 36 months in the North Vancouver Island region.

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In Courtenay, a public hearing for the proposed seniors housing complex on five properties located near the intersection of
Cliffe Avenue and 29th Street was held in August. Each of the properties fronts onto Cliffe Avenue and has views of the Courtenay Riverway and the ocean. The applicants are proposing to rezone two properties and to add a care facility and complementary uses as a permitted uses in the R-4A zone. The proposed seniors housing complex is comprised of approximately 78 independent living units in a four-storey building, and a 76-bed assisted care facility a two-storey building.

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Also in Courtenay, Phases 1 and 2 of a renovation project for the Westerly Hotel is underway to move forward to convert existing hotel suites into 48 seniors’ residences for Phase 1. Further enhancements in Phase II will include the addition of amenities, such as a new dining room and media room.
The decommissioning of hotel units is underway now and the renovation of the independent studio and one bedroom units are expected to be completed in Feb. of 2018. Phase 3 is in the planning stages and will include an additional 48 units in a four-storey building located alongside the river. Upon completion of this project, which is expected to take 24 months, the hotel will continue to operate alongside the seniors’ residences.

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Port Alberni – Following a public hearing, city council has taken another step in the proposed development to Westporte Park, a seniors development. The proposed development includes 20 units of one-bedroom housing, which will accommodate either couples or single seniors. If approved, construction is planned to begin in the fall of 2017.

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Powell River – The Committee of the Whole has recommended the approval of a development permit for a seniors’ housing project known as Coastal Winds and a Zoning Bylaw Amendment received first and second reading in April. Inclusion Powell River and Golden Life Management are proposing to build a 75-unit seniors’ housing complex next to Powell River General Hospital. The intention is to build the project on a 3.5-acre parcel located on Joyce Avenue. The rezoning application requested a change from R-1 to Comprehensive Development Zone, paving the way for a mixed-use facility that could include businesses on the main level and living units on the upper levels. Once all approvals are in place, this project is expected to begin construction.

Clarice Coty is the editor of Building Links.
Contact: clarice@buildinglinks.ca or
find Building Links on Facebook at

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