Daily Informative Updates on
New Residential Real Estate & Construction News
for Vancouver Island Communities
Aug 31, 2010
Luxury Waterfront Community on Vancouver Island
The next selection day will be held on October 23rd. A selection day is an effective way for buyers to choose the Vancouver Island home and location they want and to secure their priority position. This will allow a buyer to research the Qualicum Beach development, as well as tour the Vancouver Island premier waterfront community and make an informed decision. Pricing of these Vancouver Island homes start at $399,000.
To learn more about Qualicum Landing visit 1stView.ca.
Aug 30, 2010
West Coast Living at Luxury Vancouver Island Homes
We visited The Residences at the Beach Club located in Parksville on Vancouver Island last week, and had a look at the luxurious Vancouver Island condominium suites which were being offered for sale; including two of the Penthouse suites. The majority of these Vancouver Island homes offer an ocean view and are beautifully finished. The Penthouse suites are spectacular, with unobstructed views of the ocean and oversized balconies perfect for relaxing or entertaining. The beach in Parksville is considered to be one of the best beaches on the West Coast and is only steps from The Residences at the Beach Club.
These luxury Vancouver Island ocean view condominiums provide natural lighting and are beautifully finished. Some features included in this Vancouver Island real estate development are: engineered hardwood floors, granite counter tops, nine foot ceilings with oversized balconies and windows.
The ocean views from the Vancouver Island condominium development are stunning and you are just steps away from one of the best beaches on the West Coast. Pricing of these luxury Vancouver Island condominium suites, range from $309,900 to $999,900.
The Residences at the Beach Club is located at 194 Beachside Drive in Parksville on Vancouver Island and the suites are available for viewing from Wednesday through Monday, from 12pm to 5pm (closed on Tuesdays).
For more information on The Residences see 1stView.ca.
Aug 27, 2010
The Buena Vista Estate at Mill Bay
The Buena Vista Estate is a luxurious Vancouver Island waterfront property featuring unobstructed views of Brentwood Bay and Salt Spring Island. The 4,000 sq ft oceanfront home is only a 25 minute drive from Victoria and just minutes from the Brentwood and Shawnigan Lake private schools.
This Vancouver Island real estate property is situated on a 2.83 acre lot in Mill Bay with 330 feet of private beach accessible by a custom staircase. The Buena Vista Estate has incorporated natural materials such as hardwood, rock, glass and granite into the waterfront home and has been built using a modernist, open design. The spectacular waterfront estate has floor to ceiling glass windows and telescoping doors along the entire main level featuring 180 degrees of ocean and mountain views.
Related Resources & Reading
Aug 25, 2010
Ridgeview - A Vancouver Island Multi-Family Project
A development permit application for Ridgeview, a Vancouver Island real estate project, consisting of 35 multi-family homes located on Muir Road in the Comox Valley, has been approved. There has been an extension granted by Courtenay Council for Phase I of the Vancouver Island project that will include eight town house units, with basements.
To learn more about the Comox Valley visit 1stView.ca.
Aug 24, 2010
Vancouver Island Homes Starting at $224,900
Steam Engine Estates located in historic Cumberland on Vancouver Island, is gaining considerable interest in their residential project of patio homes and town homes. This Comox Valley project has recently sold eight units and the Fall is looking even busier.
Steam Engine Estates is a Vancouver Island real estate project situated in a tranquil setting with a view of the Comox Valley mountains. These spacious, quality built Vancouver Island patio homes and town homes are beautifully finished with plenty of natural lighting.
Pricing for these quality built Vancouver Island homes are now starting at $224,900.
To readmore about Steam Engine Estates visit 1stView.ca.
Aug 22, 2010
New Pricing for Luxurious Villas at Crown Mansion
The Villas at Crown Mansion located in Qualicum Beach on Vancouver Island overlook the Qualicum Beach golf course and are a short stroll away from the ocean. These luxurious Vancouver Island homes offer ocean or garden views and are situated for easy accessibility to the Qualicum Beach town centre for shopping and dining.
The Villas at Crown Mansion have revised their pricing structure and now start at $349,000. These Vancouver Island homes at Crown Mansion are available for viewing on Saturday and Sunday from 1pm to 4pm.
For more about The Villas at Crown Mansion visit 1stView.ca.
Aug 18, 2010
Ocean View Condominiums at the Residences in Parksville
The Residences at the Beach Club, a Vancouver Island ocean view condominium development located in Parksville, offers luxurious design by award winning Kimberly Williams Interiors, all just steps to the beach!
A limited number of these luxurious Vancouver Island condominium homes remain and the developer has reduced prices for the summer. The following is a developer special for the luxurious Parksville condominium development: Unit 202 is a 1,288 sq.ft., 2-bedroom, 2-bathroom and den unit which has been reduced by $60,000 to $419,900 and is inclusive of Net HST. As an added incentive, the developer will pre-pay one (1) year of strata fees! With a deal like this the remaining Vancouver Island condominium suites won’t be around at the end of the summer!
This ocean view development located in Parksville on Vancouver Island, offers a 1873 sq.ft. Penthouse unit with 180 degree views of the ocean and a 600 sq.ft. deck. It is a luxurious ocean view penthouse unit perfect for entertaining or as a private retreat. The price has been reduced by over $200,000 and will not last long.
The multiple-award winning Beach Club Resort located in Parksville on Vancouver Island also has a limited number of fractional ownerships available for as little as $139,900 plus HST. Ask about the Vancouver Island developer’s special offer of paying three years of Owners Association fees (and you collect the revenue)!
Contact Ernie or Kathleen today at 1-866-330-7274 for more information on developer specials in this award winning resort and the luxurious Residences at The Beach Club.
Aug 17, 2010
Fourth Annual Event held in Nanaimo
Mayor Fred Bates has been invited by the Vancouver Island Economic Alliance (VIEA) to speak at this year's Island Economic Summit. There will be approximately 500 political and business leaders that are expected to attend the fourth annual event held in Nanaimo.
Cumberland located in the Comox Valley, is planning some significant development which will include a residential and commercial development along the highway on Vancouver Island. Mayor Bates will talk about this development and the long term goals of Cumberland.
In addition to the presentation from Mayor Bates, the summit will include a presentation on the collaboration with the First Nations, sustainability and Vancouver Island's economy. The summit will take place on October 25 and 26 at the Vancouver Island Conference Centre in Nanaimo.
More information can be found at VIEA.
Aug 17, 2010
Grow Livable Vancouver Island Communities by using Rainwater
The Water Environment Research Foundation (WERF) unveiled an updated website in order to inform and educate planners, builders, developers, landscape architects, designers, engineers, stormwater managers, and elected officials about creative new ideas on sustainable rainwater and stormwater practices.
Rainwater and stormwater best management practices are gaining recognition as effective, flexible, and environmentally sound ways for controlling the quantity and improving the quality of rainwater and stormwater runoff, while also adding amenity to a wide variety of development projects.
Considering we live on Vancouver Island wherein we receive a fair amount of rain and where there are are also many Vancouver Island home developments being constructed, the above would be something worth practicing and in creating livable Vancouver Island communities by using rainwater.
To read the complete story visit WERF.
Aug 16, 2010
Supply and Service of Portable Outhouses on Vancouver Island
Al Chappin, owner of Pattie’s Portable Potties, a Comox Valley Business located on Vancouver Island, supplies and services portable outhouses and pump out services for the central and north portion of Vancouver Island, covering areas from Parksville to the North Island.
Whether you are looking for a construction trade rental, a rental for a special event on Vancouver Island, or require pump out services for your Vancouver Island home and RV, Patties Portable Potties can provide you with these services. This Comox Valley business also provides executive and handicapped units for short or long-term use.
For more information visit Pattie’s Portable Potties.
Aug 16, 2010
Largest Group of Buyers are Comox Valley Residents
Comox Valley home sales are always in the news regardless of what the market is doing.
Approximately 16% of buyers purchasing Comox Valley homes were from Alberta and an additional 4% of Comox Valley home buyers were from Saskatchewan and Manitoba. This means that one in every five buyers came directly from the Prairies.
Mild Vancouver Island winters, together with recreational opportunities and easy transport links, attract buyers, despite the general economic downturn that occurred last year.
The largest group of Comox Valley home buyers totalled 36% and they were already living in the Comox Valley. These Vancouver Island home buyers were simply moving to a new place locally. However, some of those buyers had lived in the Comox Valley for less than a year, indicating they were in interim accommodation while they searched for their ideal Comox Valley home.
An additional 18% came from elsewhere on Vancouver Island, including Victoria; and another 14% were from mainland BC, including Vancouver. Therefore, more than two-thirds of Comox Valley home buyers were either local or from elsewhere in British Columbia.
Just over 9% of buyers were arrivals from further parts of Canada, mainly Ontario and almost 3% that purchased Comox Valley homes were from countries elsewhere in the world.
Approximately 96% of all purchasers were buying a property as their principal home and not as an investment for the future or for renting out. Many of the buyers were choosing to settle down in the Comox Valley for their senior years, with 38% of buyers saying the property they were acquiring would be their retirement home on Vancouver Island.
What buyers paid for their new Vancouver Island homes varied considerably. Five people surveyed managed to buy properties (mainly small mobile homes) for under $50,000, and another five paid over $1 million for their high-end properties. Although, more than half of all buyers paid somewhere between $200,000 and $350,000.
The most common price band for a Comox Valley home in 2009 was $300,000 to $350,000; this was derived by taking the top answers in the survey. A typical property bought for that sum was a single-family home with three bedrooms and two bathrooms, finished with vinyl siding, had a double garage and tended to have a mountain view.
First-time buyers accounted for 13% of the home sales in the Comox Valley last year – a lower figure than the Vancouver Island average of 19%. Due to the higher pricing of Comox Valley homes, this made if more difficult for young people to get into the market which in turn depressed the figures.
The real estate board survey also extended to all other areas of Vancouver Island north of the Malahat, but details have been broken down to distinct areas to give a clear picture of local markets.
To read more on the survey, visit the Comox Valley Echo.
Aug 15, 2010
Completion of New Facility projected for June 2012
The tender for the Comox Valley construction of a new two storey, 24,000 square metre health care facility at 19 Wing Comox on Vancouver Island, was awarded to Island West Coast Development. The facility will be located on DND property in the Comox Valley on Vancouver Island near the entrance to the base and will provide services for dental, mental health and trauma. The estimated budget for this Vancouver Island project is approximately $12 million. The expected completion date for this project is June 2012.
To learn more on Vancouver Island visit 1stView.ca.
Aug 13, 2010
Tenders are being accepted for the Vancouver Island construction of one 4-bedroom Group Home, three 8-unit apartment buildings, a Community Building, ancillary structures and sites works, as well as the demolition of the existing Group Home located in Campbell River on Vancouver Island.
Bidding for this Vancouver Island project closes on Monday, August 16, 2010 at 2:00 pm.
To learn more about Campbell River, visit 1stView.ca.
Aug 12, 2010
Site preparation for the Costco project in the Comox Valley is expected to begin in September, with construction to commence at the end of 2010.
The tender for this Vancouver Island project closes on Tuesday, August 17, 2010 at 12:00 noon.
Send bids to Vincent Jiang at fax number (403) 258-2807.
Aug 11, 2010
Corinthia Estates at Crown Isle Offering Cash Back
Corinthia Estates a Vancouver Island real estate development comprised of luxurious golf course condominiums at Crown Isle located in the Comox Valley is offering $15,000 cash back on completion for a limited amount of time.
These Vancouver Island homes are nestled between the 6th and 7th fairways and feature mountain and glacier views. Corinthia Estate condominiums feature open concept living, maple cabinetry, granite countertop, heated ceramic flooring, 9-foot ceilings, hardwood floors and much more.
For more information on Corinthia Estates visit 1stView.ca.
Aug 11, 2010
EnerGuide Label your Vancouver Island Home through Elemental Energy Advisors
Elemental Energy Advisors is excited to inform anyone building a new Vancouver Island home of the new program grants available through BC Hydro. Permits on new Vancouver Island single family dwellings issued after the date of July 15, 2010 will be eligible for a grant in the amount of $1500.00 for EnerGuide labeling, if EGH 80 is reached. This new grant offered by BC Hydro is an incentive to get Vancouver Island builders on board with the EnerGuide for New Homes Program.
Cristi with Elemental Energy Advisors can assist in getting the new construction of your Vancouver Island home EnerGuide labeled and ensure you will make EGH 80 in order to qualify foro the new grant with BC Hydro.
Aug 05, 2010
Comox Valley Condominiums ready for Occupancy in August
Construction for the sixth building at Corinthia Estates in the Crown Isle Community located in the Comox Valley on Vancouver Island, is nearing completion. The condominium suites vary in size from 1,300 to 1,850 sq. ft. and pricing starts at $263,900.
This Vancouver Island real estate project is located at the end of Royal Vista Way in Crown Isle and all of the buildings include underground parking. Most of the 24 units in the building will be ready for occupancy in August. The final phase of these Vancouver Island condominiums features golf course and ocean and mountain views.
For more information on Corinthia Estates visit 1stView.ca.
Aug 04, 2010
Overall Market Showing Stability
Vancouver Island Real Estate Board (VIREB) released Multiple Listing Service (MLS) sales summary data for July 2010 which shows continuing declines in both unit sales volume and inventories of Vancouver Island properties listed for sale.
In July of 2010 there were 347 single family properties sold on Vancouver Island in the VIREB area, down from 536 sales in July of 2009.
Vancouver Island single family properties listed for sale in July 2010 were also down by 12% from the end of July 2009.
The 12-month average sale price for Vancouver Island homes across the VIREB region for the July 2010 was $342,982, indicating a 1% increase from the $340,382 posted at the end of July 2009.
For the 12-month period from the end of July 2009 to July 2010, average sale prices across VIREB's six zones on Vancouver Island rose in all but two markets:
- Campbell River increased 4% (to $303,056);
- The Comox Valley inched up 1% (to $349,033);
- Nanaimo is up 5% (to $382,672);
- Parksville/Qualicum grew 2% (to $377,506);
- Port Alberni dropped 18% (to $194,765); and
- The Cowichan Valley was down 6% (to $327,549).
For more information visit VIREB.
Aug 04, 2010
Energy Efficient Homes on Vancouver Island
BC Hydro is providing funding to cover approximately 90% of the cost towards EnerGuide labeling, when building a new Vancouver Island home. There is a time frame in regards to this funding and it will only be available until the BC Building Codes changes in 2011. Changes in the BC Building Codes could result in mandatory EGH labeling of all new construction on Vancouver Island.
In the City of Vancouver, it is now mandatory to have EGH labeling on all new construction in order to obtain an occupancy permit.
In order to gain a competitive market edge on Vancouver Island, why not prove that the construction of your new Vancouver Island home is energy efficient through a Natural Resources Canada EGH label on your breaker panel.
For more information view Elemental Energy Advisors.
Aug 03, 2010
Vancouver Island Condominiums offering Spectacular Ocean Views
The Cannery is a unique Vancouver Island real estate development surrounded by nature and is located in the seaside village of Cowichan Bay. It is set in a stunning and scenic location with the Pacific Ocean as your back yard. This Vancouver Island ocean view real estate development is next door to many sensitive wildlife habitats, including a world-famous great blue heron rookery.
Cowichan Bay is only 10 minutes from Duncan, 50 minutes from Nanaimo and only 45 minutes from Victoria. Being central to everything in the Cowichan Valley, you are never far from restaurants, shopping and the modern conveniences located on Vancouver Island.
The Cannery offers 25 condominium units in a 4-storey building. The units range from 1100 sq ft to 1300 sq ft (with one unit at approximately 750 sq ft). This Vancouver Island real estate project offers many “green features” and there are various floor plans to choose from. Pre-sales are presently underway with five units already sold. Occupancy of these spectacular ocean view condominiums is expected to take place in the Summer of 2011.
The Sales Centre is located at 1838 Cowichan Bay Road in Cowichan Bay on Vancouver Island and is open Saturdays & Sundays between 1pm to 3pm. Pricing of these condominium units start at $295,000.
For more information on this project visit The Cannery.
Aug 01, 2010
The Maples Resort at Sproat Lake
The Maples is located on five acres of beautifully treed Vancouver Island property on Sproat Lake. This Vancouver Island lakefront vacation home development features 300 feet of Lake Frontage with spectacular mountain views.
Phase I of this lakefront project is currently under construction. The fourplex features two one-bedroom units and two 2-bedroom units. When this Vancouver Island project is completed, The Maples waterfront resort will include 24 Vancouver Island homes.
To read more about The Maples Resort visit 1stView.ca.