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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Contact Realtor Art Meyers for Information About the New Parkside Townhomes in Courtenay

Posted on Jun 26, 2017

Courtenay Construction NewsComox Valley Realtor Art Meyers, along with colleague Michael Emerson, are the realtors for a new townhouse project called Parkside Townhomes located in Courtenay on beautiful Vancouver Island.

Design work is underway to build duplexes,  triplexes and a fourplexes in a townhome style. These spacious units are approximately 1,350 sq. ft. in size and include 3 bedrooms, 3 bathrooms, an outside patio, a landscaped yard, a garage as well as room for additional parking in the driveway.

Construction is expected to begin once preliminary site work has been completed in the next few months. Introductory pre-sale pricing on this project is being offered for a limited period of time on these townhomes for sale.

Parkside Townhomes will be centrally located in the Comox Valley on the east coast of Vancouver Island.

For more information, contact Art Meyers or Michael Emerson at Royal LePage in the Comox Valley at 250.334.3124 or Art Meyers directly at 250.207.1879

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New Crown Isle Townhouses Coming to The Rise

Posted on Jun 17, 2017

Homes by Crown Isle has four townhouses planned to begin construction soon. These affordable new homes are located in Crown’s Isle’s new subdivision called The Rise.

These roomy, two level units range from 1,500 to 1,900 sq. ft. The floor plan includes the kitchen, dining room and living room on the main floor, and three bedrooms and two or more bathrooms. Unit A includes a master bedroom on the main floor.

Each townhouse will include custom highlights such as tiled showers in the master bedroom ensuites, plumbing fixtures from Bartles & Gibson, and a full six-piece appliance package.

The exterior of the building will blend with Crown Isle’s West Coast Contemporary style, finished with Hardi Plank siding and cedar shakes. Please contact us for pricing on these desirable town homes.

Homes by Crown Isle is a custom builder with a long and successful history of building new homes in the Crown Isle community.

To learn more about these townhouses or other new custom homes available in Crown Isle, contact Homes by Crown Isle:

Jayson Welsh, VP Construction
Mobile: 250.207.0418
Email: jwelsh@crownisle.ca

Office:  Michelle Bazett
Phone: 250.703.5057
Email: mbazett@crownisle.ca

Website: www.crownislehomes.com

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The Gales in Ladysmith Has Two New Patio Homes for Sale

Posted on Jun 10, 2017

There are now two new patio homes for sale at The Gales in Ladysmith, which highlight the best of the Vancouver Island living. The dramatic styling, luxury finishes and wide open spaces reflect the spectacular ocean and mountain views that surround this 68-home community, while the development’s Built Green® platinum designation shows a commitment to environmentally sensitive construction techniques.

Units 16 and 17 are now for sale for $649,900. Both new patio homes are 2,783 sq ft, with 1,555 sq ft of main floor living. These three bedroom, three bathroom homes showcase the many environmentally sensitive products and finishes that The Gales is known for.

These luxury Vancouver Island town homes are built by award-winning GNB Builders.

For more information or to schedule a private viewing, contact:

Keith Mazurenko, REALTOR®
Phone: 1.866.315.0545
Website: www.thegales.ca
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Growing Number of Building, Development Inquiries Slowing Processing Times In Campbell River

Posted on Jun 3, 2017

Another surge in local construction has City staff processing a flurry of applications and permits in Campbell River, to the point where it’s getting hard to keep up with demand. Construction has been strong and steady in Campbell River since 2013, when a mini building boom began ramping up. This year, they are anticipating an increase of up to 70 per cent over last year. Last year’s stats were comparable to the building happening in 2007 and 2008. This year is expected to rival the numbers for the last peak construction boom year of 2006.

An increase in demand for development applications and building permits in Campbell River means city staff are finding it difficult to keep up.

Already this year, the City has received almost 50 development applications, one and a half times the number of requests for the same period of time in 2016. If the rate of development applications starts to plateau, it will allow some time for City staff to catch up on files. In the meantime, they want to advise the development community they are seeing a growing backlog and they are expecting processing times are getting a bit longer because of the volume of applications to process. Delays due to the increased volume are adding approximately four weeks to the standard turnaround times for development permits and approximately six weeks to building permits.

For more information please contact the community planning and development services department 250.286.5725 or email planning@campbellriver.ca.

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.

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