Vancouver real estate: New luxury home listed well above neighbourhood's average price
A newly built home for sale in Vancouver is listed at $7.5 million, well above the current benchmark in the neighbourhood of Point Grey.

A newly built home for sale in Vancouver is listed at $7.5 million, well above the current benchmark in the neighbourhood of Point Grey.
Even the real estate agent responsible for the sale is surprised by how quickly a $1.5-million teardown in Vancouver was snapped up.
The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away.
The former clerk of the British Columbia legislature has been found guilty of fraud and breach of trust in connection to allegations of improper spending made against him.
Vancouver's mayor spoke out against an upcoming soccer game between Canada and Iran Wednesday, the day after the prime minister also condemned the match.
An RCMP officer was taken to hospital with serious injuries Wednesday after an unmarked police SUV collided with another vehicle and crashed into a building.
Veterinarians on Vancouver Island are encouraging residents to monitor their pets after several dogs were found to have necrotizing fasciitis, a rare flesh-eating disease.
BC Hydro is sending repair crews to Vancouver Island to restore power to thousands of people who remain in the dark after Wednesday's windstorm.
The former clerk of the British Columbia legislature has been found guilty of fraud and breach of trust in connection to allegations of improper spending made against him.
An elementary school teacher who repeatedly used a 'back-breaker' move on students in North Vancouver has been suspended and ordered to take a course on fostering a positive learning environment.
Some of the most popular hikes in British Columbia are also the riskiest, says a group geared towards outdoor safety.
The COVID-19 pandemic may have marked a significant increase in anti-Asian hate crimes in Metro Vancouver, but one expert from the University of British Columbia says the Asian community has been blamed for other issues in the past, like housing costs.
As grocery shoppers face sticker shock week after week, some are questioning whether inflation is fully to blame for rising prices.
A B.C. health authority has released a series of maps showing how vulnerable its communities are to climate-related hazards like extreme temperatures, flooding and smoke.
Crews working to rebuild B.C.'s Highway 8 encountered a relatively rare rattlesnake Monday.