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.
CTV News Vancouver | Real Estate
REAL ESTATE NEWS
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.
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.
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Private isle paradise on Vancouver Island looking for new owners
An island on Vancouver Island's Sproat Lake, "Sunset Island" is up for sale.
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Vancouver
Alexander, Crawford lead deep Canadian men's downhill ski team into season
The Canadian men's downhill ski team opens an important racing season intent on making a multi-pronged push for the podium.
Here's where Canadian experts stand on fluoridating drinking water
For decades, water fluoridation has played a key role in improving the oral health of North Americans, experts say, but the practice is coming under scrutiny in some communities as opponents gain new prominence in the U.S., pointing to research that cautions about the risks of exposure to the mineral in high doses.
Rising sea levels threaten YVR with severe flooding, Senate report says
Rising sea levels could prove catastrophic for Vancouver International Airport, according to a new report from the Senate of Canada looking at the risks climate change poses to critical infrastructure across the country.
Vancouver Island
Woman 'waving a weapon' seriously injured during Vancouver Island arrest; IIO called in
B.C.’s police oversight agency has been called in to investigate after a woman on Vancouver Island suffered a serious injury while being arrested Friday.
Rising sea levels threaten YVR with severe flooding, Senate report says
Rising sea levels could prove catastrophic for Vancouver International Airport, according to a new report from the Senate of Canada looking at the risks climate change poses to critical infrastructure across the country.
Neighbours who sheared tops of B.C. man's bamboo plants ordered to pay $1K in damages
A B.C. man whose neighbours lopped the tops off of four of his bamboo plants has been awarded $1,000 in damages by the province’s Civil Resolution Tribunal.
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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.
Deer spotted wearing high-visibility safety jacket in Northern B.C.
Andrea Arnold is used to having to slow down to let deer cross the road in her Northern B.C. community. But this weekend she saw something that made her pull over and snap a photo.
Car dash-cam video captures green meteor streaking across Vancouver night sky
It had been an ordinary Friday evening, driving to meet family for dinner, when Lawrence Bau witnessed something in the night sky unlike anything he had seen before.
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B.C. woman overcomes adversity by choreographing positivity
It’s not unusual to find Lesley Carlberg out and about wearing a tutu.
B.C. teen donates Taylor Swift tickets to charity
Whenever Sophia Vaillant would go on family road trips as a kid, she’d inevitably play songs by the same singer.
B.C. man brings clouds to life with stop-motion movies
If you ask Yi Zhao why he’s been pointing his camera at the sky for so long, his answer will be simple.