Building Links, the North Vancouver Island construction report has released its third quarter, year-to-date construction statistics, which compares the permits and construction values for the first 9 months of 2017 and 2018.

They report that total construction values for the Comox Valley and Campbell River now total $223 million for the year, with a $68 million increase from last year, and an $84 million increase from 2016.

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According to the Vancouver Island Real Estate Board’s (VIREB) September statistics, sales of single-family homes in their region, which covers from Duncan to Port Hardy, decreased by 32 per cent compared to September 2017 with Nanaimo down 36%, followed in order by Parksville, Campbell River, the Cowichan Valley, Port Alberni, and the Comox Valley at 21%.

Phase II of The Ridge development in Courtenay on Vancouver Island is a busy place with preferred builders now working on custom homes for their clients.

There are currently 12 new homes under construction and many more in the planning stages. Some of these new homes are single-storey ranchers while others feature a second storey or a walkout basement.

Monterra Builders is building an 84 multi-family townhome project in Cumberland. Phase 1, consisting of 12 units is now occupied by the new owners. Phase 2, which includes 11 townhomes will be ready for occupancy in October. Construction is ongoing for Phase 3 through 5 for an additional 35 units. The project is expected to be completed in August of 2019. Prices of the units range from $381,900 to $399,900. Sales have been brisk, with 56 of the 84 units sold. Fifteen units are currently under construction.