Located just 15 minutes south of Nanaimo, Yellowpoint Oceanfront Estates offers 2.5 acre oceanfront lots.  These Vancouver Island waterfront lots are next to the Boat Harbour Marina and a short drive to the Nanaimo Airport and the Duke Point Ferry terminal.

Yellowpoint Oceanfront Estates offers a private and natural setting and is perched on the Point with 270 degree views of the ocean and islands. It is the finest low bank oceanfront property on Vancouver Island.  Each lot is designed to take advantage of the great views across the Stuart Channel to Gabriola and Valdes Islands.

This Vancouver Island development is within an easy walk or drive to farmers markets, local artisan shops, golf courses, vineyards, parks and natural wilderness.

There are seven lots available ranging from $1.75 million to $2.75 million these lots are located next to the Boat Harbour Marina off Pylades Drive in Cedar, just 15 minutes south from Nanaimo on Vancouver Island.
To read more about this oceanfront project see Yellowpoint.

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.

This Vancouver Island home located just north of Victoria is offered for sale at $1,950,000 and is ready for occupancy.

Related Resources & Reading

•  New Residential Real Estate on Vancouver Island

•  Learn about Vancouver Island Real Estate

•  Vancouver Island Homes

•  Victoria, BC on Vancouver Island

Excerpted from 1stView.ca.

Crown Isle located in the Comox Valley is offering a Vancouver Island real estate opportunity, “The Waldorf”.  This Vancouver Island home is available on golf course lots #9 or #10 and overlooks the 15^th fairway at Crown Isle Resort & Golf Community.

The Waldorf offers an open concept design and over-height walls. The gourmet kitchen is complete with granite counter tops, custom cabinets and stainless steel appliances.

This Vancouver Island home package is offered for sale at $789,000 plus HST.

Excerpted from 1stview.ca.

A development permit was issued by Cumberland council which will allow the Vancouver Island and Coast Discovery centre to move forward.

The permit not only allows for the building of the Discovery Centre; but also six ancillary buildings which are expected to include restaurants and tourism related retail businesses.

Trilogy will be developing the six ancillary buildings and it also has the option to purchase hundreds of acres of land that surrounds the Discovery Centre in the Comox Valley.

Trilogy received rezoning approval from Cumberland that will allow for a vast Vancouver Island residential and commercial development on the lands. It is expected that by late September or early October a marketing launch will occur for the Comox Valley residential and commercial development.

John Evans, CEO of Trilogy stated that his company is to donate the land where the Discovery Centre will be situated. Evans’ expects the centre will initiate the larger Comox Valley project.

According to the staff report on the development permit, the Discovery Centre in Cumberland will be just over 7,000 square feet and the ancillary buildings will include 11,500 square feet of retail and 7,500 square feet of restaurant space.

An additional 8,400 square feet of restaurants or drive-thrus are proposed for phase two of the Vancouver Island project.

Construction of the Comox Valley Discovery Centre is expected to begin next month.

To learn more on the Discovery Centre visit the Comox Valley Echo.

A new Vancouver Island real estate project in Campbell River has completed its Phase V design work, and development of their project will occur at a future date.

Phases III and IV of Discovery Plateau located in Campbell River have now been completed and these Vancouver Island residential lots are being offered for sale. The area that is located between Erickson Road and Jubilee Parkway in Campbell River has been designated for single family residential development.

For more on Vancouver Island homes visit 1stView.ca.

There has been an application made on Vancouver Island to rezone a parcel of land near the corner of Lancaster Way and MacDonald Road in the Comox Valley, from single family residential homes to multi-family zoned.

Plans for this new Vancouver Island home site will include a 58-unit development consisting of a mix of duplexes and four-plexes.

The Vancouver Island real estate project is presently in the stages of preliminary approval and was received at the Advisory Planning Commission meeting.

For more on Vancouver Island real estate projects visit 1stView.ca.

The design work for Phase V of a Vancouver Island real estate multi-phase residential project on South Dogwood Street in Campbell River has been completed. This Vancouver Island phase will be developed at a future date.

Phases III and IV of this Vancouver Island project are now complete and residential lots are being offered for sale. The area between Erickson Road and Jubilee Parkway has been designated for Vancouver Island single family residential home development.

For more on Vancouver Island real estate, visit 1stview.ca.

An application was submitted for a rezoning application to the City of Courtenay for a new subdivision on Powerhouse Road on Vancouver Island.

The design for a new low density subdivision in the Comox Valley embodies 69 Vancouver Island homes on 7.7 hectares. The new subdivision in Courtenay on Vancouver Island will blend 50% green-space to protect the natural environment and the wetlands.

This new Vancouver Island project will be built in four stages and Phase I will include 17 Comox Valley building lots. This new Courtenay rezoning application has been sent out for formal referrals and it is expected to be back to council for consideration of first and second readings in late summer. A public hearing is expected to be held in late August or in September.

For more on Vancouver Island homes visit 1stView.ca.

The Vancouver Island Real Estate Board (VIREB) released its 2009 Buyer Profile for Vancouver 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 Valley, Nanaimo, Port Alberni/West Coast, Parksville/Qualicum, Comox Valley, Campbell River, North Island and Island areas).

There were 1,685 completed responses to letters that were sent to residential buyers of Vancouver 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 for Vancouver 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.

Excerpted from 1stView.ca.

Vancouver Island housing starts slipped in May from last month; although, Canada Mortgage and Housing Corporation (CMHC) states that the year-to-date figures are well ahead of last year’s. According to analysts, some of Vancouver Island home builders want to get projects completed early to beat the upcoming HST, while others are holding off to gauge its impact.

The HST which is slated to come into effect on July 1^st, will combine the 7% provincial sales tax and 5% GST. The anticipated increase in the interest rates together with the upcoming HST, has made an impact on the market.

In the month of May 2010, there were 268 home starts on Vancouver Island, down 31% from 389 in April of 2010.  Although, a total of 1,665 starts to date this year are up at 167% above the same months from last year, with 624 starts.

The Greater Victoria region saw housing starts decrease to 132 in May from 213 in April; but were 158% high than the 51 starts in the same month of last year.

Lower land prices outside of the Greater Victoria region have spurred residential home construction outside of the urbanVictoria core. Other Vancouver Island communities such as the Comox Valley and Campbell River are offering great value for new homes.

Find out more from the Times Colonist.