Daily Informative Updates on
New Residential Real Estate & Construction News
for Vancouver Island Communities

Jul 30, 2010

New Visitor Centre in Port Alberni on Vancouver Island


Island Timberlands announced the donation of approximately 27 trees for the construction of the new Visitor's Centre in Port Alberni. Alberni Valley Chamber of Commerce received a grant for $706,000 from Community Adjustments Fund and also an additional $700,000 from Island Coastal Economic Trust. The reminder of the money is from of variety of local donors. The new building is projected to cost approximately $1.5 million. The new chamber will be built in its existing location where the Port Alberni Highway splits from Highway 4 at the east end of the city. Local timbers will feature prominently in the 3,800 square foot design. The new chamber and Visitor Information Centre will house four offices, an administration area, board room, staff room and main hall. The project started in March and is expected to be completed by late September.  Port Alberni is located 30 minutes from Qualicum Beach and Parksville a quick drive to Ucluelet and Tofino on Vancouver Island.

Jul 19, 2010

EnerGuide Label Available for Vancouver Island Homes


Air Tight Construction Eliminates Condensation

Our climate on Vancouver Island is mild with high humidity and the comfort level of a humid residential home is difficult to deal with. Purchasing a Vancouver Island home that is not labeled or air leakage tested may develop condensation problems, due to the construction not being air tight one.  Purchasing a well built Vancouver Island home with an EnerGuide label will give you peace of mind for the next 10 to 20 years.

Early summer mornings that are hot and humid as they are in the Comox Valley, are the classic times for condensation to develop on walls and floors in your basement or crawlspace that may result in mould.  Many issues may be reduced or eliminated by purchasing a new Vancouver Island home from a builder that proves the quality of their residential homes through an EnerGuide Label

If you are interested in purchasing Vancouver Island real estate, ask to see the EnerGuide label and know what you are buying.  If you are unsure, contact Cristi who is located in the Comox Valley and have your home’s energy efficiency evaluated – it is just like taking a car to a mechanic to get check out before you buy - why not get a Certified Energy Advisor to check out the Vancouver Island home you are going to purchase.  Elemental Energy Advisors analyze the elements, to save energy and money! 

On Vancouver Island visit Elemental Energy Advisors or call Cristi (250) 830-8000.

Jul 16, 2010

Penfield West - A Vancouver Island Real Estate Development


Residential Lots in a Prestigious Neighbourhood of Campbell River

The Raven Group is an experienced and successful development company located in Campbell River on Vancouver Island. The development of Penfield West is located in a prestigious neighbourhood in Campbell River.There are six Vancouver Island residential building lots remaining for sale, starting at $89,800. Some of these Vancouver Island residential building lots have panoramic views of Campbell River and are conveniently located to all levels of schools, parks, the Sportsplex, the Campbell River Hospital, the marina and golfing.

For more information on this Campbell River development visit 1stView.ca.

Jul 12, 2010

Vancouver Island Oceanfront Homes at Qualicum Landing holds Selection Day on August 22, 2010


A Vancouver Island Community Focused on Lifestyle

Qualicum Landing is a Vancouver Island real estate waterfront development just north of Qualicum Beach on Vancouver Island. It is one of the most unique mixtures of location, quality and lifestyle to be found anywhere in British Columbia. This area known as “Oceanside” is becoming one of the most desirable places to live in Canada.          

Qualicum Landing is holding a selection day for buyers on August 22nd. Selection Day is an effective way for people who are interested in purchasing Vancouver Island real estate to choose the home they desire in the location they prefer and secure their priority position. This allows them time to research the Vancouver Island oceanfront development, tour the community and make an informed decision at their leisure without losing their preferred residential lot choice. Selection day also offers special pricing on select Vancouver Island homes; but you must register to take advantage of these savings.

Qualicum Landing is a community focused on lifestyle. These Vancouver Island oceanfront homes are priced starting from $399,000.

For more information regarding registration for the selection day on August 22nd go to the Qualicum Landing website.

Jul 07, 2010

Energy Efficiency Rating Service Offered through Natural Resources Canada


EnerGuide Label for New Vancouver Island Homes

Vancouver Island home owners have an advantage they have never had before.  When purchasing Vancouver Island real estate, a home owner may have access on how energy efficient their home is, or the new residential home they are about to purchase.

EnerGuide is an energy efficiency rating service offered by Certified Energy Advisors through Natural Resources Canada for new residential homesVancouver Island builders are able to have the construction of their new projects accessed by a Certified Energy Advisor and generate a label through Natural Resources Canada in order to prove the efficiency of the newly constructed home. The products used to build Vancouver Island homes, the craftsmanship and practices used during the construction, is all taken into account in the EnerGuide rating and confirmed once construction of the home is completed, by the Certified Energy Advisor.

The technology for Vancouver Island real estate purchasers to know what their utility expenses are going to be in their new Vancouver Island home for the next 20 years, has arrived.

Contact  Elemental Energy Advisors to find out the proactive builders in your Vancouver Island area who are willing to prove the quality of their new residential homes by having them EnerGuide rated.

For more information visit Elemental Energy Advisors or call Cristi Guttormson (250) 830-8000.

Jul 06, 2010

Vancouver Island Real Estate Board Releases June 2010 MLS Statistics

Port Alberni Housing Sales Price Increased by 27%

Vancouver Island Real Estate Board (VIREB) released the Multiple Listing Service® (MLS®) sales summary for June 2010. This summary indicates a decrease in Vancouver Island home sales on a year over year basis, while the average residential home sale price is beginning to level out.

In June of 200, the average sale price for a Vancouver Island home across the VIREB region was $345,118 being a 5% increase from the $329,638 which was posted at the end of June 2009.

It seems that the Vancouver Island real estate market is balancing out. It is reported that the inventory levels on Vancouver Island are still growing even though the sales volumes have somewhat dropped.

The following statistics are for the period from the end of June 2009 to June 2010 of the average sale prices for Vancouver Island homes across VIREB’s six zones:

At the start of 2010, the Vancouver Island real estate market began to recover from the recession and as we proceed into the second half of the year, the market has started to level out due to supply and demand. For sellers of Vancouver Island homes this means that proper pricing is required and buyers have more of an inventory of residential homes to choose from.

For more information visit VIREB.

Jul 05, 2010

Vancouver Island a Preferred Destination for Retirees


VIREB’s 2009 Vancouver Island Buyer Profile

We are posting this on our site because we feel that it may be of interest to our buyers.

The Vancouver Island Real Estate Board (VIREB) released its 2009 Buyer Profile forVancouver Island, which tracks where people are coming from, what they are buying and why.

Statistics are for the overall Board area and for each individual zone (Duncan/Cowichan ValleyNanaimoPort Alberni/West CoastParksville/QualicumComox Valley,Campbell River, North Island and Island areas).

There were 1,685 completed responses to letters that were sent to residential buyers ofVancouver Island real estate. These responses were entered into a database from which the profile was developed.

First time buyers comprised 19% of all transactions in 2009. This was the highest record forVancouver Island since 2004 and was due to low mortgage rates and attractive pricing.

Local buyers made up 39% of sales in 2009, which was a result of low interest rates and demand.

Consumer demand from Alberta buyers was higher than expected given the Canadian economic performance in 2009, slipping from 13% to 11%.

A growing segment of retirees seem to be relocating to Vancouver Island and it continues to be their preferred destination. In 2009, forty percent of residential properties purchased on were purchased as a retirement home, which is up from last year. There was also an increase in buyers from other areas of Vancouver Island.

Vancouver Island homes that were purchased as a principal residence made up 95% of the sales transactions. Only 3% were investments or rentals.

The Buyer Profile also shows the characteristics of Vancouver Island homes with the highest frequency. The single-family detached unit was the most popular representing 62% of all sales, with 3 bedrooms, 2 bathrooms, a double garage and a vinyl exterior with mountain or ocean views.

There is speculation that over the next decade approximately 5,000 new households will be formed annually in the Vancouver Island/Coast Development Region, with approximately 1,300 of these new Vancouver Island homes formed in Nanaimo.

For more information visit vireb.com

Vancouver Island real estate is just one click away, find your perfect property at 1stView.ca

Contact 1stView.ca

Office Phone: 250-338-5466

Courtenay, British Columbia