Daily Informative Updates on
New Residential Real Estate & Construction News
for Vancouver Island Communities
Jun 24, 2020
Jun 17, 2020
Nov 05, 2018
According to the Vancouver Island Real Estate Board’s (VIREB) October Statistics, sales of single-family homes from Duncan to Port Hardy were down 16 per cent from October 2017 and up 11 per cent from September 2018. Multiple offers have slowed, and buyers are taking more of a wait-and-see approach.
- Comox Valley: $523,255, +3% from Sept., +2% last Oct., YTD units sold -34%
- Campbell River: $484,033, -10% from Sept., +5% last Oct., YTD units sold -13%
- Port Alberni: $375,482, -12% from Sept., +20% last Oct., YTD units sold -53%
- Parksville/Qualicum: $575,763, +15% from Sept., +10% last Oct., YTD units sold -5%
Decreased demand and stabilizing inventory are helping VIREB’s long-term sellers’ market evolve into one that is more balanced. Inventory of single-family homes in October was up slightly from one year ago (1,175 compared to 1,138) but down eight per cent from September. There were 322 active listings of apartments in October, up seven per cent from 2017 while the supply of townhouses rose by 28 per cent year over year. This year’s housing market is behaving as expected, moderating after the record-setting pace set in 2016 and 2017.
Excerpted from the VIREB Nov. 1, 2018 press release
Apr 11, 2018
Spring is one of the nicest seasons on Vancouver Island - great for hiking and beach combing before the summer crowds. While tourists flock to Vancouver Island year-round to appreciate the natural beauty and charm of the communities, residents of The Gales in Ladysmith have the best of Vancouver Island living just steps from their front door.
Forest walking trails surround the community, and the charm of Ladysmith's historic main street or wide open beaches can be found just minutes away.
The Gales in Ladysmith enjoys an enviable location that provides home owners with ocean views from the expansive decks and patios of their new luxury homes.
The Gales is a community of nearly 70 patio homes and condominium units. Currently there is one new three-bedroom townhome for sale and two more under construction. New Homes at The Gales are priced from $649,900.
For more information contact Realtor Keith Mazurenko of Royal LePage Nanaimo Realty
Apr 06, 2017
Building Links is reporting that inventory of single-family homes declined by 36 per cent from March 2016, with 1,023 active listings available last month compared to 1,598 one year ago. Low inventory continues to frustrate consumers in the Vancouver Island Real Estate Board (VIREB) area. An additional 145 single-family properties came onto the market in March, but the increase was not significant enough to have a noticeable impact on inventory.
Inventory dropped by 36 per cent year-over-year in March, and the lack of housing options continues to frustrate buyers in the Vancouver Island Real Estate Board (VIREB) area.
“Single-family homes between $500,000 and $600,000 rarely last longer than a day or two and generate multiple offers, with many selling above list price,” says Janice Stromar, VIREB President.
The March 2017 benchmark price of a single-family home in the Campbell River area was $323,100, an increase of 15 per cent over March 2016.
The price of a benchmark home in Port Alberni hit $217,800, up 12 per cent from one year ago.
1stView.ca features a number of new homes for sale on Vancouver Island.
Excerpt from April, 2017 VIREB news release.
Jun 04, 2016
In May 2016, the benchmark price of a single-family home in the Vancouver Island Real Estate Board (VIREB) area was $364,500, up 9.36 per cent from one year ago. Benchmark pricing tracks the value of a typical home in the reported area. The benchmark price of townhouses and apartments also increased in nearly every market. The average MLS® price of a single-family home in May was $411,458, a 13 per cent increase from May 2015.
In the Comox Valley, the benchmark price of a single-family home was $360,400, up 11.32 per cent from 2015.
Marty Douglas, manager of the Remax Ocean Pacific Realty offices in Courtenay and Comox has noted that in the 12 months ending May 31st, 2016, according to VIREB statistics, there were 1861 sales of all property types, a 22% increase over 2015. Year to date sales for 2016, are showing a record high of sold houses averaging 103 sales per month, a total of 515 units
since January 1, 2016. The 2016 residential sales pattern in the Comox Valley indicates 40% of all single family dwelling sales occur between $350,000 and $500,000. The list/sell ratio in May was 103%. The 12 month list/sell ratio is 81% and currently, listings sell for 98% of list price in 58 days.
Gregg Hart, manager of the Royal LePage in the Comox Valley office stated, “May of 2016 is the biggest month we have ever had in our office. Sales were up 50% in April and May of 2016 compared to April and May of 2015. Single family homes are the biggest selling category followed by patio homes apartment-style condominiums and townhouses. We expect to see this level of activity continue over the summer and into the fall.”
Multiple offers on listings are occurring more often and Realtors are also seeing offers over list price as buyers compete for the available inventory which is 35% less than one year ago.
In the Comox Valley builders have purchased lots from developers to build new homes, decreasing the inventory of lots at a rapid pace which is driving up lot prices and new home prices. Currently new subdivision applications have been submitted to the municipalities in the Comox Valley to develop new lots.
Hopefully we will see new inventory coming onto the market starting in the fall of 2016. This current proposed subdivisions will barely meet consumer demand as a sellers market is likely to continue for the next year or two due to lack of inventory.
Written by Clarice Coty
Editor, Building Links
Dec 07, 2015
After a weekend of heavy snow fall Mount Washington on Vancouver Island is almost ready to open. With new owners this season, the mountain expects to have an added arsenal of snow-making equipment to keep the hills open regardless of Mother Nature. This gorgeous coastal ski resort is only 1.5 hours from Calgary and Edmonton, via the convenient Comox Valley Airport (YQQ). Build you dream home at The Ridge in Courtenay, in the Comox Valley, and enjoy year-round activities, including Mount Washington, at your door step.
With year-round access to marinas, ocean and river fishing, and sandy beaches, the outdoor lifestyle opportunities in the Comox Valley are endless. The building lots for sale in the new residential community of The Ridge are located in one of Vancouver Island's most active communities. Courtenay, along with the other Comox Valley communities of Comox and Cumberland, offer outdoor activities for residents to enjoy throughout the year. Build your custom home at The Ridge and you'll literally see the options from your front door, with ocean and mountain view lots available.
If you don't want to spend you day on the water, or the ski hills, (but, really?) the Comox Valley offers a number of golf courses, as part of the Vancouver Island Golf Trail, and world-renowned biking trails and hikes. And on those inevitable rainy West Coast days, an enviable variety of cultural and indoor sporting and hobby venues and groups will keep you busy.
Phase 1 at the Ridge offers 69 building lots starting at $179,900, and several homes are now complete in this modern, eco-friendly master-planned community. Select your lot today, and work with their preferred builders, or choose your own, to create your West Coast dream home.
For more information, or to inquire about financing options, call today.
Sep 01, 2015
A new luxury patio home from award winning GNB Builders at The Gales in Ladysmith is available for viewing. This new luxury patio home will be the new show home at The Gales, and it is open Monday to Friday from 11am to 3pm.
The luxury patio homes for sale at The Gales on Vancouver Island reflects the spectacular beauty of the Georgia Strait and Mainland mountains that surround this residential development in the community of Ladysmith. The new show home at the Gales is a Built Green® home, featuring the best in quality and environmentally sensitive materials and construction techniques. This new patio home is for sale for $639,900.
You will save on your heating and energy bills with a Built Green® home. The newest patio home at The Gales includes a Carrier Infinity heat pump, HRV ventilation, and Rheem Marathon Limited Lifetime hot water tank. Additional features include energy efficient windows and a natural gas fire place.
For more information:
Contact The Gales
Jun 02, 2015
The Gales in Ladysmith is a 68 home residential development that show cases Vancouver Island living at its finest. Situated between the mountains and the oceans, residents area treated to spectacular natural views and easy access to the many outdoor activities Vancouver Island is known for.
There are currently two-luxury patio homes for sale at The Gales putting you within minutes of local marinas, kayaking and golf. The airport is a mere 10 minutes away, and offers daily flights to Calgary. You can also enjoy leisurely strolls and invigorating hikes on the many local beaches and trails.
The patio homes for sale at The Gales offer you the opportunity to pick colours and decor. Choose between a two-bedroom, two bathroom home with 1,555 sq. ft. or a three bedroom, three bathroom home with 3,000 sq. ft. Either way, you will have a custom BuiltGreen® home with energy saving features such as a Carrier Infinity heat pump, HRV ventilation, Rheem Marathon Limited Lifetime hot water tank and Milgard windows.
To schedule a viewing or stop by the Open House 11 am to 3 pm seven days a week:
Apr 28, 2015
Two luxury patio homes are currently for sale at the Gales in Ladysmith on Vancouver Island. Built to Build Green® Platinum specifications with many of the latest energy efficient features, these single family homes for sale also offer the option to choose design and colour features to customize your home before move-in.
These new homes for sale at the Gales offer three-bedroom and three bathrooms with 3,000 sq. ft. of space on Farrell Road in Ladysmith. Both homes boast a modern floor plan designed to take full advantage of the views, and all the best in quality and environmentally sensitive materials and construction techniques. At #9-626 Farrell Street you will find custom floor to ceiling cabinetry, granite countertops, and island with built in sink and eating bar (MLS Listing #387544).
Residents at The Gales also enjoy a maintenance free yard. The Gales is a strata complex, and they take care of the yard work for you. The Gales recently received an independent assessment as part of government regulations concerning depreciation, and received an excellent rating for funding for maintenance and repairs.
To schedule a viewing or stop by the Open House 11 am to 3 pm seven days a week:
Apr 09, 2015
Single family homes with stunning mountain views for sale in Comox with Comox Valley Realtor Tina Vincent
Two new homes with stunning views of the Beaufort Mountain ranges are now under construction, and are listed for sale with Comox Valley REALTOR® (Personal Real Estate Corporation) Tina Vincent. These single-family homes for sale are located in Comox near all the amenities.
Residents of this new residential development (MLS Listing #388828) on the corner of Torrence and Noel Streets in Comox are within walking distance of local schools, and the Comox town centre, the marina, park and library are a short five-minute drive away. The nearby Lazo Marsh offers miles of forested walking trails and wildlife, while Point Holmes Beach with boat launch and picnic area is great place to explore and enjoy the Georgia Strait (MLS Listing #388824).
Built by Protech Construction Ltd., these new homes offer a choice of three or five bedrooms, gas fireplace, heat pump, and Hardi Plank exterior finishing. The five-bedroom home at 1426 Noel Avenue boats 2,350 sq. ft. of living space and three bathrooms. The three-bedroom home at 1420 Noel Avenue also includes 3 bathrooms and 2,245 sq. ft. of living space.
For more information, or to schedule a viewing:
Contact Tina Vincent, REALTOR®
Apr 02, 2015
Commercial Real Estate for Sale in Campbell River on Vancouver Island with REALTOR® Bruce Carruthers
Commercial Realtor Bruce Carruthers with Remax Check Realty in Campbell River
If you’re seeking commercial properties for sale, business opportunities, or residential real estate in the city of Campbell River, REALTOR® Bruce Carruthers with Remax Check Realty in Campbell River has the knowledge to help you find the commercial or residential real estate property that is right for you.
Carruthers is now listing a commercial property for sale in Campbell River. This commercial building for sale is zoned commercial 3 and is situated on a 100 ft. by 100 ft. lot on the Island Highway in the Quinsam/Campbelton area. Both the land and building are for sale, and offer highway access, main road exposure, and storefront.
The main floor of the building offers 4,752 sq. ft. of space, and is leased. The building also includes a two-bedroom and a one-bedroom suite. The building currently generates $4,260 in income per month (MLS Listing #388423).
The Campbell River area has approximately $1.3 billion worth of new construction projects underway, including an estimated $ 1 billion in construction by BC Hydro and $300 million by the Vancouver Island Health Authority as part of the North Island Hospitals project.
For more information on this property, or any other commercial or residential real estate, for sale in Campbell River contact Commercial REALTOR® Bruce Carruthers:
Feb 03, 2015
Spectacular ocean views already make The Gales in Ladysmith on Vancouver Island the perfect place to pursue your ideal outdoor lifestyle. Now you can customize your luxury patio home in this 68 home residential development nestled between the sea and the mountains with the finishings of your choice.
There are currently two new luxury patio homes for sale at The Gales offering you the opportunity to pick colours and decor (MLS Listing #382957). Choose between a two-bedroom, two bathroom home with 1,555 sq. ft. or a three bedroom, three bathroom home with 3,000 sq. ft. Either way, you will have a custom BuiltGreen® home (MLS Listing #378337) with energy saving features such as a Carrier Infinity heat pump, HRV ventilation, Rheem Marathon Limited Lifetime hot water tank and Milgard windows.
Residents of the Gales enjoy the natural beauty that surrounds them and a variety of year-round outdoor activities. Marinas, kayaking and golf are all within minutes of the patio homes on Vancouver Island or enjoy leisurely strolls and invigorating hikes on the many local beaches and trails. And remember, your landscaping and yard maintenance are taken care of.
To schedule a viewing or stop by the Open House 11 am to 3 pm seven days a week:
Jan 30, 2015
The RiversEdge offers it all: a fully landscaped private rear yard, double garage, and spacious living in a spectacular riverside setting. A rancher is now for sale in this residential neighbourhood in Courtenay on Vancouver Island at $369,900, including net GST.
This 1745 sq. ft. rancher for sale includes three bedrooms and two bathrooms, with a gas fired furnace, gas fireplace, and maple shaker kitchen with centre island. Located at #124 – 2205 Robert Lang Drive, this new home in Courtenay is built on one of the finest lots at RiversEdge (MLS #379478). This entire preplanned development from Southwind Development Corporation is surrounded by forest and green space.
Every home at RiversEdge is single-storey, ensuring optimal privacy and home enjoyment. Residents enjoy an abundance of recreational opportunities in their backyard, including kilometres of walking trails along the Puntledge River.
The show home is open every Saturday from 1-3 pm at 2205 Robert Lang Drive in Courtenay. Private tours are also available.
For more information contact:
Dec 17, 2014
The Gales in Ladysmith on Vancouver Island is synonymous with luxury, offering custom built patio homes for sale in one of Vancouver Island's prettiest towns. Now, Sotheby's International Real Estate will also be listing a selection of The Gales' patio homes for sale, connecting Sotheby's clients with the home or vacation home that meets their unique lifestyle.
The Gales is a truly amazing oceanfront residential development. Vancouver Island's temperature climate provides plenty of opportunities for residents to enjoy an idyllic outdoor lifestyle year-round, including leisurely strolls on the many local beaches or hikes through the pristine forest right next door. Marinas, kayaking, and golfing are located within minutes of these patio homes.
Homes at The Gales are designed and built in West Coast contemporary architectural style with open floor plans ideal for entertaining. Wide sunny decks give you plenty of room to take in the views outdoors. And owners at The Gales can relax knowing that their landscaping and yard maintenance are taken care of.
For more information, or to schedule of viewing of luxury patio homes for sale:
Dec 10, 2014
Improve Your Heating and Cooling Costs with Window Treatments from Budget Blinds on Vancouver Island
Windows are an important part of the energy efficiency of your home, and stylish window treatments from Budget Blinds can be a great way to improve the heating or cooling of your home. Blinds, shades, shutters and drapes provide effective insulation to keep you from losing as much as 50% of your heating and cooling energy through your windows.
Budget Blinds has many great window treatment options to choose from. Consider honeycomb shades, with a honeycomb-shaped pocket designed to keep air from escaping or entering your home. That means the rooms of your home will feel warmer in winter and cooler in summer.
Window film is also a great way to deflect 99% of damaging UV rays that fade and damage flooring and furniture, while keeping the heat out of your home. Optional motorization on blinds lets you set your blinds on a timer, meaning even if you aren't home all day, your blinds will open and close at the best time to keep the heat in or out.
Not sure what blinds, shades, shutters, or drapes might work best for your home? Schedule a free consultation with our local style consultant. Our consultant can help you choose window treatments that work with your home, create comfortable environment for family and guests, and create long-term energy savings.
Dec 02, 2014
Campbell River Realtor® Bruce Carruthers, with Re/Max Check Realty has a great selection of residential properties for sale in Campbell River.
One listing, at240 Stratford Drive, is a single family home currently listed at $368,500. This 2,440 sq. ft. home has four bedrooms and three bathrooms (MLS Listing #380631) with full walkout basement. The yard is fully landscaped, with rock wall, fruit trees, and garden, and all the amenities are nearby. Best of all, you get mountain views and amazing western sunsets.
For more information on these listings, and other residential listings, call Bruce Carruthers at Remax Check Realty. Bruce has been a resident of Campbell River for more than 40 years and a licensed realtor for over 25 years. He handles residential and commercial real estate listings in Campbell River, Campbellton,Willow Point and other areas of the city, as well as Black Creek, Saratoga Beach and Merville. Bruce has built his success on trust, honesty and integrity. He enjoys fishing, hiking, caving and all aspects of the great outdoors.
Nov 18, 2014
Nineteen lots have sold, and custom homes are under construction by Lawmar Contracting and Brando Construction at The Ridge. These new houses are part of Phase 1 of the Ridge in Courtenay on Vancouver Island.
The Ridge is a 77-acre development designed to be built in five phases. Lots feature spectacular views of the Comox Glacier, along with ocean and mountain views. Zoning allows the homes to include out buildings, carriage homes and secondary suites of up to 924 sq. ft. in size.
When completed, this modern subdivision will include 230 new homes in one of the best location in the Comox Valley. The beach and local shopping are minutes away on foot, and local amenities including schools, health services, and the airport are only a short drive away. Residents enjoy an array of lifestyle activities, from championship golf courses, world class skiing at Mt. Washington, and renowned fishing and boating opportunities.
To contact us, or stop by for a tour of building lots:
Oct 28, 2014
Only two new single family homes at RiversEdge in Courtenay are available for sale. These one-level, single family homes were built by Southwind Developments Coropration as part of Phase III of a pre-planned development. The other 22 homes have been sold.
Both new homes for sale at RiversEdge are one-level ranchers located above the Puntledge River in a bare land strata plan. The homes range in size from 1704 to 1745 square feet, and feature double garage, landscaping, underground sprinklers, fencing and hedging. Inside you will find a fabulous floor plan with three bedrooms, two baths, and gas furnance and fireplace.
The RiversEdge is a spectacular new neighbourhood in Courtenay, part of the Comox Valley on Vancouver Island. The two remaining homes for sale are surrounded by many kilometres of walking trails, and come summer residents will be able to enjoy swimming and tubing in the Puntledge River.
The new homes are listed for sale at $359,900 and $379,900. The seller will pay the net GST on each of the home.
The show home is open every Saturday from 1-3pm at 2205 Robert Lang Drive in Courtenay. Private tours are also available. For more information contact,
Courtenay Realtor: Art Meyers, Royal LePage in the Comox Valley
121-750 Comox Road, Courtenay, BC V9N 3P6
Sep 30, 2014
There are ten lots for sale in the new Torrence Mountain View subdivision, located in Comox in the Comox Valley. Three new homes have been completed, and one of the new homes has sold and is now occupied. The new homes are approximately 1,800 sq. ft. in size, with the two homes remaining are priced at $359,900 and $369,900. A total of ten new single family homes will be built on this site, with lots varying in size from 454 to 741 square metres. The average lot will be about 550 square meters, and most of these lots for sale feature mountain views. In addition, the lots are zoned to accommodate secondary suites and are for sale. For more information on purchasing the lots, contact Rob Girard at 250.339.9793. For more information on purchasing the homes, contact Michael Emerson at 250.334.3124.