City View-TanyaWood

OVERVIEW

Campbell River has been experiencing a “building boom” for the past three years, a trend that shows no signs of slowing down. As affordability in British Columbia’s urban centres continues to decline, more professionals and entrepreneurs are choosing Campbell River as a place to live and cultivate true work-life balance. In Campbell River, 70% of the population spends less than 30% of their income on housing.*
The residential market in Campbell River shows steady growth and gradual increases in pricing, as does the condo and townhouse market. With a wide variety of land options available, as well as steadily growing demand in residential and industrial markets, there is room in this sector for new developers to begin building.


LOCAL BUSINESS ENVIRONMENT

Campbell River is one of the most affordable communities on Vancouver Island.

  • average housing price: $440,000 (Source: Vancouver Island Real Estate Board)
  • 70% of residents spend less than 30% of their income on housing (Source: Statistics Canada, 2016 Census)
    “I’ve lived all over BC, I have worked all over Canada,
and I can say without bias that the quality of life here is some
of the best in the country. It’s truly unbelievable.”
      - Kevin Brooks, City of Campbell River: Development Services

 

COMPETITIVE ENVIRONMENT

Currently, local competition is narrow; there is room for more developers to expand the types of development happening, such as in the hotel and resort sector.

Commercial Industrial Permits

MUNICIPAL SUPPORT

In 2018, 279 building permits were issued for a variety of projects. The City streamlines the permit process by providing information sheets and application forms, online or in person.




(Source: Connect Campbell River 2019 Community Profile)

Land & Real Estate

  • 1,000+ acres of vacant airport lands suitable for light industrial development and with easy access to the Island Highway
  • 500+ acres of vacant airport lands with airside access, suitable for a range of aerospace support services
  • 500+ acres of vacant industrial land, plus nearly 500 acres of underutilized industrial land, including sites near the Island Highway and tidewater
  • Eight vacant parcels of 50+ acres and five vacant parcels of 100+ acres

(Source: Campbell River Employment Land Strategy)

Growth/Expected Growth

  • There are 349 Campbell River employers related to Land & Logistics, with a growth of 50 in the last three years. (Source: Statistics Canada Business Counts)
  • The largest increases have been seen in building construction, electrical contractors, and real estate
  • and leasing services.
  • Average residential vacancy rate: 0.6% (Oct 2017)

TRANSPORTATION

Our connected highway network ensures a steady supply of materials from larger centres and overseas, as needed.

Our airport and float plane access ensures that developers, stakeholders and investors can easily come to Campbell River to oversee projects.


ACCESS TO RESOURCES

  • Small-mills, etc., are available for local developers to source local wood materials.
  • Developers have access to local professionals to assist with all stages of building projects, including:
    • real estate agents
    •  interior designers
    • local furniture makers

Education/Training Opportunities

Local institutions offer training and apprenticeship programs that are necessary for successful development projects, such as:

  • Carpentry
  • Construction Design
  • Business programs
  • Office Administration
  • Electrician programs
  • Electrical Engineer
  • Joinery/Cabinetmaking
  • Landscape Horticulturist
  • Plumbing and Piping
  • Welding
Land and Logistics Quick Facts 1
Land and Logistics Quick Facts 2
What's New
Jan 02, 2020 2019 Year-in-Review
Nov 01, 2018 New marine habitat
Nov 02, 2017 CRadvantage goes live!
Jul 25, 2017 Chalkfest returns!
Jun 30, 2017 Celebrate Canada Day!
Jan 09, 2017 2016 Year-in-Review
Dec 20, 2016 Tourism update!
Nov 16, 2016 Fire Chief for a Day
Oct 11, 2016 Afternoon garage fire
Sep 20, 2013 Walk-ability Survey
Sep 20, 2013 Tidemark grant in aid
Sep 21, 2013 ECAP
Sep 21, 2013 George Paul Passing
Sep 21, 2013 MyCity info update
Sep 21, 2013 Seed saving
Oct 08, 2013 Fire Prevention Week
Feb 24, 2014 Roads Update
Sep 24, 2014 Fall Fire Safety
Dec 18, 2014 Fawn Rd. house fire
Feb 06, 2015 Fire crews kept busy
Feb 26, 2015 Mobile home fire
Jun 26, 2015 New art summer camps
Dec 04, 2015 Storm Warning!
Jan 04, 2016 Jan. 1 City Currents
Jan 07, 2016 New Robron Field open!