Vancouver real estate market: Demand outpacing supply, home sales up 12%
The Real Estate Board of Greater Vancouver says November home sales increased by almost 12 per cent from last year as demand continued to outpace supply.
CTV News Vancouver | Real Estate
REAL ESTATE NEWS
'Cooling off periods' part of B.C. real estate plan to protect buyers wanting to back out
In what the province describes as an effort to protect consumers, legislation is being drafted that would require "cooling off periods" in the sale of some B.C. homes.
B.C. real estate market: For 2 residents, it took winning the lottery to buy their first homes
The modest plans of two recent B.C. lottery winners highlight the challenge would-be homeowners face in the current real estate market.
MORE REAL ESTATE NEWS
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Surrey man pleads guilty to 2 counts of tax evasion, faces nearly $60K in fines
A Surrey man has been fined nearly $60,000 after pleading guilty to two counts of tax evasion, according to the Canada Revenue Agency.
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Real estate fees skyrocketing
A Canadian company that provides software to transfer ownership on property titles is jacking up its fees by 600 per cent. That means higher costs for consumers.
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Home sales down in Metro Vancouver, but prices still climbing
The Real Estate Board of Greater Vancouver says October home sales in the region fell 5.2 per cent compared with a year ago, but remained above historical averages.
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Floating Tofino resort up for sale for $8M
A floating resort on Vancouver Island is up for grabs for just under $8 million.
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Vancouver parents giving kids $180K on average to buy first home, report finds
Parents are coughing up an average of $180,000 to help their adult children enter the Vancouver real estate market, according to a new report highlighting the widening wealth gap in Canada.
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Real estate board reports Metro Vancouver's Q2 commercial sales strongest since 2017
The Real Estate Board of Greater Vancouver says commercial real estate sales remained strong through the second quarter of this year, reaching levels not seen since 2017.
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Real estate group says this would make housing more affordable in B.C.
A real estate group says there's one thing the province can do to improve housing affordability in B.C.: offer incentives.
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Vancouver mayor re-announces affordable housing program for middle-class families
It appears Vancouver Mayor Kennedy Stewart is attempting to get a head start on his re-election campaign, by re-announcing an ambitious pilot program aimed at creating more affordable housing in the city.
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Rent in Vancouver $330 more expensive than Toronto, study suggests
Vancouver has once again topped the list as the most expensive city in Canada for renters, with tenants forking over up to $330 more per month on a one-bedroom suite than they would at a Toronto rental unit of the same size, according to a pair of new studies.
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Complete with moat and drawbridge, modernized 'castle' built in B.C. mountains for sale for $3.45M
A multimillion-dollar property with a unique design is being billed as a 'perfect fit' for young families.
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Supply 'insufficient' to meet current Vancouver market demand: real estate board
The latest report on trends in Vancouver's fast-paced real estate market suggests supply is still not enough to meet demand.
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Vancouver land negotiations led to 'significant stress' for residents, city councillor says in call for lease renewal
A Vancouver city councillor is calling for the immediate extension or renewal of leases on the south side of False Creek, saying residents in the area have faced years of stress and uncertainty.
LATEST NEWS HEADLINES
Vancouver
A look inside: B.C.'s whole genome sequencing lab on the hunt for Omicron COVID-19 variant
Every positive COVID-19 sample in B.C. is now being sent to the province’s whole genome sequencing lab in Vancouver, where they are being analyzed to determine if the patient was infected with the Omicron variant.
Truckers urged to drive safely as video captures dangerous manoeuvre on major B.C. highway
The B.C. Highway Patrol is investigating after a truck driver was caught doing a dangerous manoeuvre on a major B.C. highway.
COVID-19 in B.C.: 368 test positive, 5 more deaths announced
Another 368 COVID-19 infections have been recorded in B.C., the province's health ministry announced Thursday.
Vancouver Island
Vancouver Island COVID-19 surge partly fuelled by cluster from Courtenay-area religious gathering
For much of the week, Island Health has been home to the largest number of new and active cases anywhere in the province outside of Fraser Health. On Thursday, the Island's top doctor explained why.
Cargo ship that caught fire and lost containers off Vancouver Island to dock in Nanaimo, B.C.
The Zim Kingston cargo ship, which lost containers and suffered a fire off Vancouver Island in late October, is finally set to dock at a port.
Vancouver Island adds 88 new COVID-19 cases; active cases surpass 600
B.C. health officials have identified 88 new cases of COVID-19 in the Vancouver Island region Thursday.
Inside CTV News Vancouver
Pressure growing to change B.C. COVID-19 booster strategy amid Omicron uncertainty
With Alberta announcing adults over age 60 can start booking a COVID-19 booster shot – and Ontario expected to announce a similar move for those over 50 on Thursday – pressure is mounting on B.C. health officials to do the same as concerns over the Omicron variant continue to grow.
Overdose prevention sites in B.C. provide a wide range of health benefits, new study suggests
A new study suggests that the presence of more overdose prevention sites (OPS) in B.C. has been associated with a wide range of health benefits.
New bylaws coming into effect on Jan. 1 in Vancouver
Vancouver residents are being reminded that several bylaws take effect on Jan. 1 that could impact the way they buy a cup of coffee or carry their groceries home from the market.
Editor's Picks
B.C. ski resort apologizes after calling for reopening of flood-damaged highway to tourists
A ski resort in B.C.'s Interior is apologizing for comments one of its executives made to local media about the impact of essential travel restrictions for Highway 3 on the tourism industry as the province attempts to recover from devastating floods.
Police looking to locate several pieces of art stolen from artist's home in Osoyoos, B.C.
Mounties in the town of Osoyoos in the Okanagan Valley are asking for the public’s help in locating several pieces of stolen art.
Meth hidden in painting replaced with placebo in B.C. police plot to bust alleged smuggler
A Western Australian man has been charged after an international police investigation, which started in Canada, resulted in the seizure of several kilograms of methamphetamine hidden inside a painting.
