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
India's foreign minister reacts to murder charges, claims Canada welcomes criminals
India's Foreign Affairs Minister accused Canada of welcoming criminals from his country in response to the RCMP's recent arrests in a homicide that has roiled tensions between the two countries.
15-year-old boy stabbed in Ottawa on Thursday dies
A 15-year old boy who was critically injured after a stabbing in Nepean on Thursday has died of his injuries, Ottawa's English public school board said Sunday.
Dash cam catches moment suspected drunk driver hits parked car, sends it careening into North Shore flower shop
Police say it’s fortunate no one was injured or killed in a collision at North Vancouver’s Park and Tilford shopping centre Saturday evening that sent one vehicle careening into a flower shop and another into a set of concrete barriers outside a Winners store.
Actor Bernard Hill, of 'Titanic' and 'Lord of the Rings,' has died at 79
Actor Bernard Hill, who delivered a rousing cry before leading his people into battle in 'The Lord of the Rings: The Return of the King' and went down with the ship as the captain in 'Titanic,' has died.
'A tiny city:' Pro-Palestinian campus protesters organize for another week
Pro-Palestinian activists have set up tents at universities in Toronto, Ottawa, Vancouver and Montreal, following a wave of similar protests at campuses in the United States linked to the Israel-Hamas war.
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
Do social media users have the right to control what they see — or don't see — on their feeds?
A Holocaust survivor will mark that history differently after the horrors of Oct. 7
This year's Holocaust Remembrance Day, which begins on Sunday evening in Israel, carries a heavier weight than usual for many Jews around the world.
Princess Anne lays wreath at Battle of Atlantic ceremony; honours late Queen
Princess Anne saluted Canadian veterans and current forces members and honoured her late mother during separate ceremonies Sunday in Victoria as she wrapped up a three-day British Columbia West Coast royal visit.
El Nino weakening doesn't mean cooler temperatures this summer, forecasters say
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.