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
Power outages, downed trees and cancelled ferries due to B.C. windstorm
Thousands of British Columbians were without power Saturday morning as high winds reached the South Coast.
'We are not just going to sit around': B.C. businesses adjust as they wait for Canada Post deal
Over the four-week work stoppage, small businesses across British Columbia have taken a financial hit.
Federal government's two-month GST holiday begins
As a two-month break from the federal GST took effect Saturday, shoppers and businesses expressed lukewarm support for the measure.
Vancouver Island
Power outages, downed trees and cancelled ferries due to B.C. windstorm
Thousands of British Columbians were without power Saturday morning as high winds reached the South Coast.
Are bigger, better vessels coming to BC Ferries? Why critics are questioning the proposal
BC Ferries is taking a step forward in its plan to build five new vessels, but critics say the proposal could be steering the province into troubled waters.
Strong winds and high tides could bring storm surge to coastal B.C., forecaster says
Environment Canada is warning of a storm surge on British Columbia's south coast that could reach a metre high.
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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.
Meth wrapped as Christmas gifts seized from Vancouver passenger at New Zealand airport
A woman travelling from Vancouver to New Zealand was arrested after a search of her carry-on duffel bag found methamphetamine wrapped as Christmas presents, according to authorities.
'Bombshell': Small Business BC abruptly declares bankruptcy
A decades-old non-profit with a mandate of supporting B.C.'s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas.
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B.C. girl inspired by Hollywood star to donate turkeys to local families in need
When Maria-Clara Patrick first watched that video of Arnold Schwarzenegger, she assumed they had nothing in common.
B.C. musician inspired by late father to realize Abbey Road dream
As he plays ‘Come Together’ on his acoustic guitar, Justin Hewitt recalls how he first learned to play songs by The Beatles as a way of connecting with his Fab Four loving father.
B.C. man decorates creative car with hand-painted designs and countless toys
As Dennis Brandt turns the key on the lock attached to his steering wheel he starts laughing. “Seriously,” he says looking up at the collection of curiosities attached to the roof of his vehicle including a painted duck, skateboard, and pair of toy aircraft carriers. “Would anyone steal this car?!”