Three new real estate developments were granted final approval by Courtenay City Hall Tuesday. Council unanimously approved development permit variances for the following projects: Tessitura Flats: To be situated just below Courtenay Fire Hall on Cumberland Road, this five-storey development will include 14 apartments, six combined live/work spaces, a performance studio for concerts and events, [...]
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Construction Starts at Coldwood’s Capital City Centre
Ground has now been broken on a $1 billion real estate and construction project at Colwood Corners on south Vancouver Island. With a build-out of 20 years, the “Capital City Centre” has the potential to draw 4,000 people to Colwood’s core, living in 2,220 condominiums and townhomes. During phase 1 and over the next five [...]
New Commercial and Residential Project Presented for Comox
A new development proposal featuring a mix of single family homes and commercial development in the northwest corner of Comox has been presented to town council. A rezoning/development permit application was submitted by for 2310 Guthrie Rd., near the intersection of Guthrie and McDonald Roads. “The proposal allows for the appropriate transition between compatible land [...]
Sage Hills Seeks New Financial Backer for Large Scale Comox Valley Development
Promoters of the proposed Sage Hills development in the Comox Valley say a company has been lined up to refinance their land mortgage, the Comox Valley Echo newspaper is reporting. A signed agreement is not yet done, but Sage Hills vice president Shannon Price told the Echo they had a definite commitment from an overseas [...]
Real Estate Construction Expected to Rise in Nanaimo
There’s reason for quiet optimism in the central Vancouver Island area construction industry, despite lingering effects of an economic downturn. That’s the message close to 200 audience members heard at the Canadian Home Builders’ Association Central Vancouver Island’s construction industry forum in early January. From interest rates and investment opportunities in Nanaimo, speakers talked of a [...]
Unique Live-Work Building Slated For Courtenay Applies For Changes
Changes to plans for a mixed commercial and residential development in Courtenay’s downtown core have been presented to city council. The proposal for Tessitura Flats — a recording studio and a live performance venue with a cafe and residential units — was approved for a development permit in June, at 534 Cumberland Rd. near the [...]
Ladysmith Real Estate Assessments Hold Steady
Ladysmith and the surrounding area on Vancouver Island saw few changes in the 2012 real estate Assessment roll. “Most homes in Cowichan Valley will see moderate decreases or little change in value compared to last year’s assessment roll,” said Vancouver Island regional assessor Bill MacGougan. Overall Cowichan Valley’s taxable residential assessment roll is $11,868,483,068 this [...]
Robannah Developments Features Unique Comox Valley Homes
Robannah Developments is now selling a number of unique homes in the Comox Valley. The Vancouver Island home builder is offering a unique opportunity for an investment or home with a mortgage helper in Comox. 1605 Dogwood Ave in Comox offers a newly-built, 2,190 sq ft family home, with double garage, custom cabinetry, slate/tile entry, timber [...]
Commercial Real Estate Investors on Vancouver Island Aided by R Mike Mullin
R Mike Mullin provides the complete service package for Vancouver Island commercial real estate investors. R Mike Mullin is a commercial realtor with Coast Realty -Nanaimo and a commercial mortgage broker with Bayfield Mortgage Professionals Ltd. Mullin, a Certified General Accountant, brings an extensive financial background to his work as a commercial real estate broker and [...]
Building Permit Values Down in Victoria for 2011
According to Statistics Canada, the total value of building permits issued in the Victoria region of Vancouver Island from January to November last year was $615.9 million, down 11.3 per cent from the $694.3 million recorded in the same 11-month period in 2010. Both residential and non-residential construction slowed last year with the value of residential [...]
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