Investors made up 25% of B.C. homebuyers in new StatsCan analysis
Real estate investors made up approximately one-quarter of homebuyers across B.C. between 2018 and 2020, according to a new analysis from Statistics Canada.
CTV News Vancouver | Real Estate
REAL ESTATE NEWS
New data sheds light on property flipping in B.C.
With B.C. poised to introduce a flipping tax, new data from Statistics Canada is shedding light on how many homes are bought and rapidly re-sold – and how profitable the venture has been.
B.C. real estate agent who allowed client to conduct viewing unaccompanied agrees to $10K fine
A real estate agent who allowed a client to conduct their own private viewing of a Maple Ridge, B.C., home without a licensed professional present has agreed to a $10,000 fine for the misconduct.
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East Vancouver bids farewell to its iconic, polka dot property
An iconic home famous for its polka-dotted exterior will soon be torn down, marking the end of an era for East Vancouver residents.
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Vancouver was ordered to build 1,405 affordable rentals over the past year. Only 313 were completed.
Vancouver fell short of meeting the province's housing targets for the last year, mostly due to a failure to meet the goal for affordable rentals, according to a report coming to city council.
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Vancouver home sales surge in October amid lower borrowing costs: board
Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound after the Bank of Canada's four consecutive cuts to its key interest rate.
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American interest in Canadian real estate peaks ahead of U.S. election: report
With Americans set to elect a new president Tuesday, new data shows there's a spike in interest in Canadian real estate.
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Seller ordered to return buyer's $1.5M deposit for 2 Vancouver teardowns at centre of fraud litigation
The owner of a pair of teardown homes in Vancouver's rapidly redeveloping Oakridge neighbourhood has been ordered to refund a would-be buyer's deposit of $1.5 million.
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Real estate agent fined $14K for allowing husband to provide licensed services
A B.C. real estate agent who allowed strangers to access a home without licensed supervision, and then lied when questioned about it later, is facing a $14,000 fine and a six-month suspension.
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Major interest rate cut expected to shift Metro Vancouver real estate market
The Bank of Canada has lowered its key interest rate by half a percentage point. The super-sized cut is expected to bring relief to many Canadians struggling with affordability.
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Real estate agent submitted 'falsified' financial information on mortgage applications, B.C. regulator finds
The agency that regulates real estate agents in B.C. has cancelled the licences of a man and his personal real estate corporation after he admitted to using an unregistered mortgage broker and submitting "falsified income and savings information" on two mortgage applications.
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B.C. court rules on real estate dispute between sisters who haven't spoken since 2016
A dispute over the ownership of a Surrey condo that contributed to a falling-out between sisters has been addressed in B.C. Supreme Court.
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$260 charge for bent blinds 'gratuitous,' says Vancouver affordable housing tenant
A Vancouver tenant is at war with his former landlord over what he calls an exorbitant charge for bent blinds.
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'Like going to a buffet with no one else in line': Housing sales stall in Metro Vancouver, Fraser Valley
New data from Greater Vancouver and the Fraser Valley shows a surge in supply and drop in demand in the region's historically hot real estate market.
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Vancouver home sales down 3.8% in Sept. as lower rates fail to entice buyers: board
Vancouver-area home sales dropped 3.8 per cent in September compared with the same month last year, while listings grew to put modest pressure on pricing, said Greater Vancouver Realtors on Wednesday.
LATEST NEWS HEADLINES
Vancouver
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
B.C. woman sentenced for impaired driving crash that killed retired Mountie
A Vancouver Island woman who was high on drugs when she crashed a car into a pickup truck, killing a retired Mountie and injuring his two passengers, "did not realize what was happening and took no steps to avoid the accident" a B.C. Supreme Court judge found.
'They have their families to feed': YVR janitors set to escalate job action
Approximately 230 janitors at Vancouver International Airport are set to escalate job action Tuesday at "undisclosed areas of the airport."
Vancouver Island
B.C. woman sentenced for impaired driving crash that killed retired Mountie
A Vancouver Island woman who was high on drugs when she crashed a car into a pickup truck, killing a retired Mountie and injuring his two passengers, "did not realize what was happening and took no steps to avoid the accident" a B.C. Supreme Court judge found.
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
Cleanup underway after rockslide derails train in B.C.
No injuries were reported after a rockslide derailed a freight train, sending railcars into British Columbia's Fraser River, on Sunday night.
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Sponsored Effortless holiday decorating tips for a cozy and stylish home
The holiday season is just around the corner. It’s a time for joy and togetherness, but if we have to simplify the season down to two things, they’re really about spending time with loved ones and embracing all-things cozy.
Metro Vancouver says population will hit 4 million by 2045
Metro Vancouver's projected population growth is accelerating, with an average of 50,000 new residents expected per year.
Providing MAID to man on day pass from B.C. psychiatric ward was 'unlawful,' family alleges
A 52-year-old man who was provided with a medically assisted death while out on a day pass from a B.C. psychiatric hospital should never have been approved for the life-ending procedure, his family alleges in a recently filed wrongful death lawsuit.
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B.C. woman with photographic memory strives to make unforgettable Christmas displays
Although Alisha Pauling is looking through old pictures, she doesn’t need them to remember her Christmases past. She has a photographic memory.
B.C. teachers cultivate community through merry music videos
Although his classroom is filled with students now, Jeff Bordal will never forget how empty it once was.
B.C. 87-year-old fixes, donates hundreds of bikes to kids for Christmas
Although Dennis Baker has always been good with his hands, he didn’t realize how much good he could do with them until after a train door cut his finger off.