Owners of Vancouver's most expensive homes pay very little tax, UBC study finds
A new study from the University of British Columbia has found owners of the most expensive properties in Vancouver are paying very little income tax.
CTV News Vancouver | Real Estate
REAL ESTATE NEWS
Vancouver renters face increasingly tough market, CMHC report finds
Vancouver renters continued to pay the highest prices in Canada as vacancy rates in the area dipped below one per cent last year, according to new federal data.
$10M Fraser Valley mansion comes with working winery
A mansion listed for just shy of $10 million in B.C.'s Fraser Valley comes with a small vineyard, a working boutique winery, horse stables, and a riding ring.
MORE REAL ESTATE NEWS
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100-unit rental building proposed for vacant lot 2 blocks from Granville Island
A developer has applied for permission to build a 100-unit apartment building on a vacant, triangular lot near Granville Island in Vancouver.
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B.C. pledges $500M to help preserve rental buildings, combat 'speculators and profiteers'
The B.C. government has pledged $500 million to help non-profit housing organizations purchase affordable rental properties before they can be scooped up by "speculators and profiteers."
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B.C. homebuyers now have 3-day cooling off period to change their minds
Most homebuyers in British Columbia now have three business days to think about their purchase, allowing them to back out if they can’t secure financing or arrange a home inspection – or even if they just get cold feet.
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Only 'modest' drop in Vancouver home prices forecast for 2023: Royal LePage
Housing prices in the Vancouver area might only experience a "modest" decrease over the next 12 months, according to a new forecast from Royal LePage.
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B.C. court orders woman to forfeit $150K deposit after she backed out of home purchase due to foreign buyers tax
The would-be buyer of a nearly $3 million home on Vancouver's west side, who backed out of the purchase after learning B.C.'s foreign buyers tax would apply to her, has been ordered to forfeit her deposit.
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Cooling trend continues in B.C.'s residential real estate market
High interest rates are continuing to have a cooling effect on B.C.'s residential real estate market, as sales slump, active listings plateau and average prices dip.
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Slump in B.C. real estate sales, prices predicted to continue into 2023
A new forecast from the BC Real Estate Association is predicting that home sales and prices in the province will continue their decline this year and into 2023.
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439 rental units, 2 towers proposed near Oakridge mall
A developer is proposing 439 rental homes in two towers with a six-storey podium between them in Vancouver's rapidly changing Oakridge neighbourhood.
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Would-be buyers, sellers of Vancouver luxury real estate sitting on sidelines: report
Rising interest rates, inflationary pressure and widespread economic uncertainty are cooling the luxury real estate market in Vancouver, according to a new report.
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Vancouver real estate: 25-storey rental tower with no vehicle parking proposed
One of the first development projects to be considered under Vancouver's recently approved Broadway Plan will be a 25-storey tower proposed for the intersection of Main Street and East 5th Avenue in Mount Pleasant.
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East Vancouver home's $1M listing price could 'cause a riot,' realtor says
The unusually low listing price for a detached home in East Vancouver that features both a basement suite and laneway house is raising eyebrows online.
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25-acre property with winery in B.C.'s Similkameen listed for $6.9M – less than some Vancouver condos
For less than the price of a luxury condo in downtown Vancouver, you could be living on a 25-acre property in B.C.'s Similkameen Valley that comes with a fully functioning winery.
LATEST NEWS HEADLINES
Vancouver
'This is too much': B.C. mom records police handcuffing 12-year-old in hospital
A review has been launched after police officers were recorded restraining a handcuffed Indigenous child on the floor of a Vancouver hospital – an incident the Union of B.C. Indian Chiefs has denounced as "horrendous."
Delaying decision on Surrey's policing plans was the right move, councillors say
B.C.’s public safety minister made the right call asking for more information before approving Surrey's policing plans, according to two city councillors.
New Vancouver tax intended to chip away at FIFA World Cup costs
The price of hosting the FIFA World Cup is rising in Vancouver, and the province is using a new tool to help cover the costs.
Vancouver Island
Number of people leaving B.C. for Alberta reaches 20-year high
The number of people moving from British Columbia to Alberta has reached a 20-year high, according to the latest data from Statistics Canada.
Victoria council approves 'missing middle' initiative
Victoria’s newest council has greenlit a contentious housing initiative that makes it easier to densify neighbourhoods, after a tumultuous and lengthy debate that’s gone on for years.
Nanaimo grocery store robbed at knifepoint, suspect at large
An armed robber remains at large after a small grocery in Nanaimo, B.C., was held up at knifepoint.
Inside CTV News Vancouver
Vancouver family-run diner No. 1 on Yelp's top 100 restaurants in Canada list
It's not on the menu, but comfort is what the Mah family serves up at the unassuming, out-of-the-way diner that just topped Yelp's list of the 100 best restaurants in Canada for 2023.
Revenue from filming of U.S. TV series 'Once Upon a Time' the crux of B.C. business dispute
A recent B.C. Supreme Court case had Justice David A. Crerar invoking Rumpelstiltskin and the goose that laid the golden egg in his decision.
Caught up in holiday travel chaos? YVR wants to hear from you
Vancouver’s airport is seeking feedback from people whose holiday travel plans were thwarted amid a series of winter storms.
Editor's Picks
66 more potential graves identified at former B.C. residential school
The lead investigator in the search for unmarked graves at a former residential institution near the Williams Lake First Nation in central British Columbia says the latest phase of their work has uncovered 66 additional “reflections,” indicating children's graves.
Const. Nicole Chan's boyfriend gives heartbreaking testimony on her final hours
Nicole Chan's boyfriend Jamie Gifford recounted her final hours during heartbreaking testimony at a coroner's inquest Wednesday.
'You're pretty much non-stop': Behind the scenes with Vancouver's paramedics and dispatchers
First there was the toxic drug crisis, then the COVID-19 pandemic, then a worker shortage. These compounding crises have put Vancouver's paramedics and dipatchers under unprecedented strain.
