These are the 5 most expensive homes in B.C., according to provincial assessments
The British Columbia Assessment Authority has released its annual list of the most expensive residential properties in the province in 2024.
The BC Assessment values are based on estimated market values as of July 1, 2023.
All but three of the top 25 properties are in Vancouver, with Lululemon founder Chip Wilson's home in the Kitsilano neighbourhood once again topping the list.
BC Assessment says residential real estate prices have largely stabilized in B.C. after years of dramatic increases in local housing markets across the province.
"Most properties in the province changed only between minus-five to plus-five per cent,” said assessor Bryan Murao. "I haven’t seen numbers that small for at least a few years."
1. 3085 Point Grey Rd., Vancouver
The estimated market value of the 15,600-square-foot home at 3085 Point Grey Road rose from $74.1 million in July 2022 to $81.8 million as of July 2023.
BC Assessment estimates that $50.1 million of the current value is in the land itself, while $31.7 million is the value of the buildings on the property.
2. 4707 Belmont Ave., Vancouver
With an estimated value of $70.4 million, the home at 4707 Belmont Avenue in the Point Grey neighbourhood of Vancouver is the second most expensive piece of residential real estate in the province.
The home's estimated value increased more than $3 million since July 2022, when BC Assessment appraised its value at $67 million.
3. James Island, B.C.
One of the few non-Vancouver properties to make the most-expensive list, James Island is located off the southeast coast of Vancouver Island, near Central Saanich.
The private, 770-acre island is also one of the few properties on the list whose estimated value fell from 2022 to 2023. BC Assessment says the property's total value is estimated at $57.9 million, down from $61.2 million in 2022.
4. 4743 Belmont Ave., Vancouver
Back on Vancouver's Belmont Avenue, near Spanish Banks beach, is a 16,500-square-foot home on 1.3 acres of land.
The $43.7-million property was valued at $42.3 million last year and sold for $42 million in April 2021.
5. 2815 Point Grey Rd., Vancouver
This single-family home in Kitsilano is valued at $42.9 million, up nearly nine per cent since 2022, when it was assessed at $39.4 million.
It features five bedrooms and six bathrooms in its 9,300 square feet of floor space, according to BC Assessment. The home was built in 1962 on a three-quarter-acre property.
A complete list of the 500 most expensive residential addresses in B.C. is available here.
With a file from CTV News Vancouver's Isabella Zavarise
CTVNews.ca Top Stories
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
Maple Leafs eliminated from NHL playoffs with Game 7 OT loss to Bruins
Sheldon Keefe told his players hockey history would remember them one way or another.
Amid climate change warnings, Canadians lukewarm on electric vehicles
Amid scientists' warnings that nations need to transition away from fossil fuels to limit climate change, Canadians are still lukewarm on electric vehicles, according to a study conducted by Nanos Research for CTV News.
What a judge's gag order on Trump means in his hush money case
A gag order bars Trump from commenting publicly on witnesses, jurors and some others connected to the matter. The New York judge already has found that Trump, the presumptive Republican nominee for president, repeatedly violated the order, fined him US$9,000 and warning that jail could follow if he doesn't comply.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Pro-Palestinian protesters at USC comply with school order to leave their encampment
Protesters left a pro-Palestinian encampment at the University of Southern California early Sunday after they were surrounded by police and told they could face arrest if they didn’t go.
Trudeau 'absolutely' best person to lead the Liberals in next election: LeBlanc says
Cabinet minister Dominic LeBlanc insists he's not planning a leadership campaign to head the Liberal party, should current leader and Prime Minister Justin Trudeau resign, seemingly quashing rumours he's planning to make a move for his boss' job.
Bombarded with spam texts? Stats show the problem is getting worse in Canada
In particular, messages that involve phishing — an attack where a scammer tries to trick the recipient into clicking a malicious link, downloading malware or sharing sensitive information — are on the rise.
Madonna's biggest-ever concert transforms Rio's Copacabana beach into a massive dance floor
Madonna put on a free concert on Copacabana beach Saturday night, turning Rio de Janeiro's vast stretch of sand into an enormous dance floor teeming with a multitude of her fans.