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
B.C. man declared dangerous offender in manslaughter, dismemberment case
A British Columbia man has been declared a dangerous offender and will spend the rest of his life in prison after he was convicted in the 2015 death and dismemberment of a woman in the Kootenay region.
Conflict among B.C. Conservatives comes to a head in caucus meeting
A steady stream of B.C. Conservative MLAs made their way past members of the press gallery Tuesday on their way to a caucus meeting. All of them declined to answer questions, with most responding with some form of “no comment.”
Bank of Canada drops key interest rate
Canada’s central bank has cut interest rates for the fifth consecutive time as the country's economy grows at a slower rate than projected.
Vancouver Island
B.C. man declared dangerous offender in manslaughter, dismemberment case
A British Columbia man has been declared a dangerous offender and will spend the rest of his life in prison after he was convicted in the 2015 death and dismemberment of a woman in the Kootenay region.
Conflict among B.C. Conservatives comes to a head in caucus meeting
A steady stream of B.C. Conservative MLAs made their way past members of the press gallery Tuesday on their way to a caucus meeting. All of them declined to answer questions, with most responding with some form of “no comment.”
Bank of Canada drops key interest rate
Canada’s central bank has cut interest rates for the fifth consecutive time as the country's economy grows at a slower rate than projected.
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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.
Longest continually run Chinese business in North America gets a new owner, preserving bragging rights
In the oldest Chinatown in the entire country sits Loy Sing, a business that holds the title of longest continually run Chinese business in North America. It has now been in operation for 136 years and counting.
Canadian military drones enter production, though Arctic modifications will be required
Canada's first combat drones have now entered production, though the remotely piloted aircraft will require years of testing and significant modifications before the first units are delivered in 2028.
Sawatsky Sign-Off
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?!”
Four-year-old superhero inspires smiles at B.C. long-term care home
While he’s not faster than a speeding bullet, nor more powerful than a locomotive, this four-year-old is proving to be a superhero.
B.C. artist fills front yard with towering stone sculptures
You may notice the swirling symbol that he “painted” with a power-washer on the sidewalk first.