Daily Informative Updates on
New Residential Real Estate & Construction News
for Vancouver Island Communities
May 31, 2010
Comox Valley Real Estate Project Excellent Value for a Residence, Vacation Home or Investment
Developer, Tom Grant and builder, Wayne Rideout of the Comox Valley on Vancouver Island, have commenced construction of Phase I of their new Steam Engine Estates project. Steam Engine Estates is a quality built patio home and townhouse real estate development located in the historic Village of Cumberland in the beautiful Comox Valley on Vancouver Island. This patio home and town house project consists of 50 new homes with quick access to Mt. Washington, local shopping and the Comox Airport. There are three floor plans to choose from ranging in size from 1254 to 1438 sq. ft. Prices start at $ $229,900. These homes are a must see for anyone looking for a quiet residential neighbourhood to live in, to use as a vacation home or an investment as it offers quality at an affordable price.
For more information see Steam Engine Estates.
May 21, 2010
Gatehouse Place is a centrally located subdivision on the westside of Courtenay in the Comox Valley. This Vancouver Island real estate development is comprised of 16 large residential lots in close proximity to fish bearing ponds and a natural park with views of the Comox Glacier.
These Vancouver Island home building lots are presently 94% sold. Two home building lots recently sold within the last couple of weeks, leaving one premium building lot available at a price of $173,000.
For more information visit Gatehouse Place.
May 18, 2010
Ritchie Brothers will be auctioning two Crown Mansion Villas located on Vancouver Island, on May 19th. The bidding for these two Vancouver Island luxury condominium/vacation home units in Crown Mansion, will take place at Ritchie Brothers’ main auction centre in Chilliwack, BC.
For more information, visit their website.
May 18, 2010
No Reserve Price on May 19th for Two Vancouver Island Building Lots
Just a reminder, that Ritchie Brothers will be auctioning two Vancouver Island residential home lots in Crown Isle on May 19th. The event will take place at their main auction centre in Chilliwack, with no reserve price.
A live simulcast will be held at Crown Isle’s golf clubhouse to the main auction site for Comox Valley residents interested in taking part in the bidding of the Crown Isle building lots. There will be two prime residential building lots to be auctioned off separately.
For more information, see Ritchie Brothers' website.
May 18, 2010
OceanWest is located on the West Coast of Vancouver Island and is one of the finest examples of Vancouver Island real estate currently on the market. This 228-acre development includes Vancouver Island homes, vacation homes, rentals, hotels and a few retail stores. OceanWest’s Vancouver Island real estate development is close to hiking trails which takes you through old growth forests, as well as close to the amenities in Ucluelet.
These Vancouver Island waterfront lots are generous in size, ranging from 28,212 square feet to 74,689 square feet and starting at $625,000. Build your waterfront home or luxury vacation home at OceanWest, on Vancouver Island.
For more information see OceanWest.
May 14, 2010
Construction of Comox Valley Homes to Commence Soon
Crown Isle Resort and Golf Community located in the Comox Valley, on Vancouver Island, is preparing sites for 41 new building lots and construction is expected to start next week. There are two phases to this Vancouver Island real estate project. Phase I consists of 24 lots built along the extension of Idiens Way in the Comox Valley, within the Crown Isle Resort & Golf Community. Thirteen of these building lots have already been spoken for. Completion and registration of these home lots are scheduled within the next few weeks. Pricing of the remaining building lots are expected to start at approximately $153,000. Phase II of the Crown Isle real estate project will include 17 lots, also located in the Comox Valley, on Idiens Way and Suffolk.
This comprehensively planned 831-acre golf resort community has at its center Vancouver Island's #1 rated Public Golf Course (Score Golf Magazine). The "crowning jewel" of the Comox Valley, this 18-hole, par 72 championship golf course is playable by golfers at all levels. In close proximity to the residents of the Resort is the spectacular 48,000 sq. ft. Resort Centre which houses dining and conference facilities, as well as a fitness centre, a golf shop and a teaching academy.
The overall vision and theme of this master-planned residential golf community is carried out through Crown Isle real estate development. The development offers homes sites, single family homes, patio homes, condominiums, residential lots and quarter share ownership villas.
Find out more about Crown Isle Resort and Golf Course Community.
May 11, 2010
Construction Statistics up by almost 250 Percent
Construction statistics increased significantly, by almost 250% from the same quarter last year. Campbell River is leading the way with 80 permits for single family dwellings this year as opposed to nine permits in 2009, an increase of 788%. Comox is up from 5 permits in 2009 to 42 permits for 2010, with two of the homes in Comox containing secondary suites. Courtenay from seven permits in 2009 to 26 permits in 2010. The Comox Valley and Strathcona Regional Districts saw a slight decline from 21 permits in 2009 to 17 permits in 2010 and Cumberland from four permits in 2009 to eight permits in 2010.
The overall value of construction in the region has also grown by 246% from $19 million in 2009 to almost $67 million in 2010.
Excerpted from Building Links, a North Island Construction Report.
May 06, 2010
Clarice Coty is the founder and editor of Building Links which is construction information for North Vancouver Island. Building Links is issued weekly and contains construction information for the areas of Courtenay, Comox, Cumberland, the Regional Districts, Campbell River, Port Hardy, the North Island, as well as Port Alberni, Tofino, Ucluelet and Powell River.
The Professional Merit Award is described by the Chamber as “a recognition of an individual, group or organization that has made a significant contribution to the development, ethical stature or recognition of their area of professional endeavour. This award is open to, but not restricted to, practitioners in any of the following categories: Accounting, Law, Engineering, Surveying Insurance, Stock Brokerage, Medicine, Dentistry, or any field which his generally recognized as a profession.”
Photo by Gordon Ross Photography.
May 05, 2010
Victoria Real Estate Board’s Multiple Listing Service (MLS) reports a total of 756 homes and other properties sold in April of this year (up from 747 sales in April of last year); but slightly down from the 789 sales in the previous month. Last month’s average price for single-family homes sold in Greater Victoria was $624,149 down from $633,938 in March. There were 21 sales of over $1 million in the Greater Victoria Region. The overall average price for condominiums last month was $340,105, up from $336,779 in March. Last month’s average price of all townhomes sold $449,556, down from $456,446 in March. MLS® sales last month in Victoria included 423 single family homes, 191 condominiums, 87 townhomes and six manufactured homes.
Vancouver Island Real Estate Board (VIREB) reports a strong sales trend for the rest of Vancouver Island, outside of the greater Victoria area. Single family unit sales last month were up 8% from April 2009 but down just 2% from the previous month for all of Vancouver Island, excluding the greater Victoria area. The average sale price meanwhile is 6% above April 2009 according to Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for April 2010. There were 410 single family unit sales across the VIREB region in April 2010.
The average sale price across the VIREB region for April 2010 was $348,542 up 6% from the $327,916 posted in April 2009, but very close to the March 2010 average price of $346,626.
For the period comparing data from the end of April 2009 to the end of April 2010, average sale prices in VIREB's six zones saw: Campbell River increase 12% (to $295,831), the Comox Valley decreased 2% (to $347,448), the Cowichan Valley was up 6% (to $355,036), Nanaimo also increased 4% (to $367,805), Parksville/Qualicum was up 9% (to $401,036), and Port Alberni jumped 13% (to $214,375). There were 24% more single family residential properties put on the market in April 2010 compared to April 2009, but overall there are 1% fewer homes for sale now than a year ago.
To find out more on Vancouver Island see Vancouver Island