How high mortgage rates are impacting B.C. home sales and prices
Properties are selling for less and staying on the market longer, recently released reports on real estate in British Columbia show.
CTV News Vancouver | Real Estate
REAL ESTATE NEWS
B.C. tenants face extra rent hikes to fund landlords' repairs – and they're permanent
Tenants' advocates are urging the B.C. government to reconsider a policy that allows landlords to cover the costs of repairs and improvements on their properties using supplemental rent hikes.
Vancouver-area renters: Here's where it's cheapest, and where you'd pay the most
It's no surprise to renters and would-be renters that it costs a lot to live in the Vancouver area, but a recent report suggests there are some spots where tenants pay a bit less.
MORE REAL ESTATE NEWS
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Update on major Vancouver housing project: Senakw development site prepped for construction
It seems construction will be starting soon on a major First Nations development in Vancouver.
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Average rent 'increased greatly' in Metro Vancouver this summer: report
Vancouver-area renters are being asked to pay significantly more in August than those looking for new accommodations in July, a report suggests.
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Vancouver's housing market has entered a 'new cycle.' Here's what that means.
Vancouver's housing market has, according to the local real estate board, entered a "new cycle marked by quieter home buyer demand."
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$17.8M Vancouver listing includes plans and permits, encourages buyer to tear down existing home
For $17.8 million, the future buyer of a lot in one of Vancouver's priciest neighbourhoods would get property, plans and permits, but would have to cover the costs of tearing down the existing home.
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B.C. Realtor suspended after drinking client's milk straight out of carton
A Realtor in B.C. has been suspended after he was caught on camera drinking milk straight out of the carton in a home he was showing.
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Lawsuit over neighbouring home obstructing views in Whistler dismissed
A Whistler couple who sought more than $300,000 in damages because the home built next to theirs obstructed their view and limited their privacy has had their claim dismissed.
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A Canadian first: How B.C. plans to protect buyers entering the real estate market
Ahead of the introduction of consumer protections meant to help homebuyers entering British Columbia's housing market, the province is outlining exactly what those protections will look like.
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Here's how much you'd need to earn per year to buy an average home in Vancouver
A just-published report suggests those hoping to buy an average home in Vancouver need to earn hundreds of thousands of dollars a year.
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Owners of empty homes in these 6 areas of B.C. are about to pay more
Owners of vacant properties are about to pay more in six parts of British Columbia.
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Vancouver realtor says interest rate spike a big blow for first-time buyers
A Vancouver-based realtor says the Bank of Canada’s interest rate hike is a huge blow for first-time buyers in one of the country's most expensive real estate markets.
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Victoria home sales fall 35 per cent, benchmark prices rise
Home sales in Greater Victoria dropped last month by 35 per cent since June 2021, with 612 properties sold compared to 942 properties last year, according to the region's real estate board,
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Vancouver's June home sales down 35 per cent from last year: board
The Real Estate Board of Greater Vancouver says last month's home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer and interest rates rose.
LATEST NEWS HEADLINES
Vancouver
Break-in, attempted child abduction under investigation in Abbotsford
Police in Abbottsford say a man broke into a home and tried to pull a child out of a ground-floor bedroom window Monday night.
Band-Aid or a good first step? Vancouver mayoral candidate wants more cop-nurse teams for mental health calls
A Vancouver businessman who wants to be the city’s next mayor is calling on the expansion of a long-running police-medical partnership to address mental health crises, but a community advocate is lukewarm to what he considers a Band-Aid solution.
'We're at our last stand': Tent city residents, advocates speak out against Vancouver's eviction plans
People living in a growing encampment in Vancouver’s Downtown Eastside joined advocates in the neighbourhood to speak out against plans to try and dismantle the makeshift homes.
Vancouver Island
Esquimalt votes to end police agreement with Victoria
The Township of Esquimalt is looking to exit its agreement with Victoria and the Victoria Police Department, which sees the two communities sharing an amalgamated police force. Esquimalt and Victoria are currently under a 10-year agreement, which is up for renewal the end of this year. On Tuesday, Esquimalt announced it will not renew the agreement and will instead pursue a new policing model.
Heat warning issued on Vancouver Island, temperatures could reach 35 C this week
A heat warning has been issued for parts of Vancouver Island as temperatures are expected to soar as high as 35 C this week.
Former Tamil migrant ship being dismantled in B.C.
An abandoned cargo ship that once brought 76 Tamil migrants from Sri Lanka to British Columbia is being dismantled. The vessel was the first of two ships carrying Tamil asylum seekers to reach B.C.'s coastal waters more than a decade ago.
Inside CTV News Vancouver
'Lost without her friends': Only duck to survive B.C. coyote attack starts following humans everywhere
The lone duck who survived a coyote attack on a B.C. farm was so bereft she started following the humans around – waddling close behind them as they went about their chores and waiting on the doorstep every time they went inside.
$31M-jackpot winner plans to retire, travel and spend more time with family
A British Columbia woman who found herself suddenly $31 million richer says she plans to retire, but she's not sure what's next.
Iconic PNE doughnut vendor not returning after fair rejects application
An iconic food vendor at the Pacific National Exhibition in Vancouver won't be returning this summer after its application was rejected.
Editor's Picks
Calls to ensure timely emergency response after another Ashcroft resident dies waiting for ambulance
For the second time in recent weeks, a resident in the village of Ashcroft has died while waiting for an ambulance to arrive. The tragedy is leading to calls for more immediate action to ensure timely emergency response in the community and across the province.
32 rabbits seized by SPCA had been kept in 'filthy,' bug-infested room in downtown Vancouver
Dozens of neglected rabbits were found living in a single, unsanitary and mostly unventilated room in downtown Vancouver, the B.C. SPCA says.
Flyer threatening to set fire to tent city circulating on Vancouver's Downtown Eastside
A disturbing note threatening to set fire to the tents and belongings of people sheltering along Vancouver's East Hastings Street has been taped up and handed out, triggering a police investigation.
