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
Illicit drug death toll surpasses 2,000 in B.C. for a 2nd consecutive year
British Columbia recorded 2,272 illicit drugs deaths last year, new data released by the BC Coroners Service shows.
ICBC accused him of lying about how his Tesla got damaged. He took them to court.
ICBC has been ordered to pay over $2,500 for repairs to a man's Tesla after the province's Civil Resolution Tribunal dismissed the insurer's claim that the driver lied about what caused the damage.
Nanaimo singer Lauren Spencer-Smith earns pair of Juno Awards nods
Lauren Spencer-Smith of Nanaimo, B.C., is among the nominees for this year's Juno Awards, including for the artist of the year category. The 19-year-old singer who rose to fame after a stint on American Idol is up against established names like Michael Bublé, Avril Lavigne and The Weeknd in the most coveted category.
Vancouver Island
Victoria women say transitional housing rule pushed them into homelessness
A Victoria woman is on the brink of homelessness after maxing out her stay at a transitional home.
Comox man who broke into former partner's home and assaulted her to serve full sentence: B.C. Court of Appeal
A B.C. Supreme Court judge has dismissed a man's appeal for a shorter sentence after he was convicted of breaking into a former partner's home and seriously assaulting her in early 2020.
Parks Canada launching new reservation system
Mark your calendars, soon you will be able to book your 2023 outdoor vacation at one of Canada’s national parks, historic sites or marine conservation areas.
Inside CTV News Vancouver
Crow released after spending weeks living at Vancouver airport
A crow that made the Vancouver International Airport its home for weeks has been released into the wild.
B.C. couple says they were scammed by 'professional' wedding photographer who used stock images as portfolio
A Vancouver couple says they were scammed by a wedding photographer who used stock photos for his portfolio, delivered sub-par snaps of their big day, and then stopped taking their phone calls.
A free library in East Vancouver has been set up just for dogs
On a residential street in East Vancouver, a free library that caters to a canine crowd has become a community hub for pooches and their people.
Editor's Picks
As B.C. decriminalizes hard drugs, users still face months-long waits for treatment
As the B.C. government decriminalizes small amounts of hard drugs, critics note there are still not enough treatment resources for the users seeking them.
ICBC finds cyclist 50% at fault after car allegedly drove over her bike
A cyclist in Chilliwack is frustrated with ICBC’s decision to find her 50 per cent at fault after a car allegedly drove over her bike in a road rage incident.
Fire that trapped B.C. man in his Tesla was not caused by car's battery: Transport Canada
An investigation into a frightening incident where a Tesla suddenly caught fire in North Vancouver—briefly trapping the driver inside—has ruled out the car's battery as the cause, according to Transport Canada.
