Despite a drop in building permit numbers in Victoria reported by Statistics Canada, things are picking up for the construction industry in the capital region. Several major projects are currently under construction in Greater Victoria, including the Uptown mixed-use project at the north end of Douglas Street, with a total construction value of $350 million. [...]
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Kettle Creek Station in Langford Praised for Green Building
Turner Lane Development Corporation’s current development, Kettle Creek Station, meets BuiltGreen standards, with homes achieving an Energuide 80 score. The project’s successes are currently highlighted on the BC Hydro website. Turner Lane Development Corporation has made use of various Power Smart programs, including an incentive supporting co-promotion of the Power Smart label, which Les Bjola, the owner and [...]
Victoria Home Builders Optimistic About New Home Construction
Despite a challenging home construction picture for Greater Victoria at the start of this year, local home builders say they expect numbers to improve. Casey Edge, executive officer of the Victoria office of the Canadian Home Builders’ Association, told the Time Colonist newspaper he anticipates more houses will be built in the wake of last [...]
New Home Prices Down But Housing Starts Up in Victoria
The price of new homes in Greater Victoria dipped 2.4 per cent in January, compared to January 2011 – the largest percentage drop among 21 major Canadian regions, according to Statistic Canada. Greater Victoria also posted the most significant monthly decline, sliding by 0.8 per cent in January from December. Home builders dropped prices in Greater [...]
Multi-Million Dollar Military Project Boosts Victoria Construction Industry
A $23-million construction project at CFB Esquimalt has boosted the spirits of Victoria-area contractors eager to compete for the job. “It’s a great shot in the arm, especially right now,” Peter White, chairman of the Vancouver Island Construction Association, told the Victoria Times Colonist newspaper Monday. Construction jobs in the region have been hard to come [...]
Sooke Development Gets Green Light for Phase Two
Sooke‘s largest construction project received approval for its second phase this week. Mariner’s Village is a $300-million mixed-use waterfront project that is expected to transform the small Vancouver Island community of about 11,400 when completed over the built over the next two years. The completed development will consist of 110,000 square feet of commercial space, 30,000 [...]
New Apartment Building Boosts Nanaimo Construction Starts
A 121-unit apartment development gave a boost to an otherwise slow January for Nanaimo‘s new home construction industry. The four storey building going up on at 775 Terminal Ave. propped up the latest new housing starts report from Canada Mortgage and Housing Corp. Single-family home starts were flat from January 2011, with a total of [...]
Building Permits Dropped Significantly in Victoria In 2011
The total value of building permits issued in Greater Victoria dropped by more than $120 million last year as Vancouver Island new home builders waited out the harmonized sales tax and the non-residential construction sector waited for the overall economy to improve. Figures released by Statistics Canada showed the region saw $648 million worth of building [...]
Oak Bay Beach Hotel Launches Phase 4 of Hotel Vacation Suite Sales
Oak Bay Beach Hotel in Victoria, Vancouver Island has sold out Phase 3 of its vacation hotel suites, and is now offering special incentives to the first 10 buyers in Phase 4. The developers of this luxury ocean front hotel and residential condos are offering investment options to keen buyers. Phase 4 gives the first ten [...]
New Single Family Homes at Kettle Creek Station Offer Affordable Luxury
Own a new home near Victoria, B.C. for as little at $289,000. With 10 different floor plans to choose from all priced under $420,000, owning a home – and one with luxury touches – is easy at Kettle Creek Station. Nestled between Langford Lake and Goldstream Provincial Park, near Victoria, new custom homes are available at Kettle [...]
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