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
Doctors concerned about potential spread of bird flu in Canada
H5N1 or avian flu has been detected at dozens of US dairy farms and Canadian experts are urging surveillance on our side of the border too.
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge.
Prince William and Kate release photo of daughter Charlotte to mark ninth birthday
Prince William and his wife Kate released a picture of their daughter Charlotte to mark the princess's ninth birthday on Thursday.
This Canadian restaurant just lowered its prices. Here's how it did it
A Canadian restaurant lowered its prices this week, and though news of price tags dropping rather than climbing sounds unusual, the business strategy in this case is not, according to experts in the field.
Should I invest with a human or a robot? Traditional firms vs. robo-advisors
Investors considering where to park their money have a choice: go with a traditional financial adviser or trust in an algorithm. Here are the pros and cons of both.
Five human skeletons, missing hands and feet, found outside house of Nazi leader Hermann Goring
Archeologists have unearthed the skeletons of five people, missing their hands and feet, at a former Nazi military base in Poland.
As Hamas considers ceasefire, question hangs: Will Israel end war without the group's destruction?
Hamas on Thursday was considering the latest proposal for a ceasefire with Israel that the United States and other mediators hope will avert an Israeli attack on the Gaza town of Rafah.
Imagine living in a 4-foot body that doesn't develop chronic diseases
Nathaly Paola Castro Torres has a rare disorder called Laron syndrome that is caused by a genetic mutation. It stunts her growth but also provides a hidden silver lining: Her body is protected from chronic diseases such as cancer that often take life away long before old age.
Concerns about Plexiglas prompt inspections at some Loblaws locations in Ottawa
Inspections are underway at more than one Loblaws location in Ottawa after complaints were filed about tall Plexiglas barriers.