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  1. It's the 62nd most expensive property in the province

    A luxurious house on Vancouver's famed "Billionaires' Row" remains on the real estate market with a new, lower price tag.

    The stunning mansion is at 4788 Belmont Ave. The short road is the location of several of B.C.'s most expensive residential properties.

    In fact, 4788 Belmont Ave, was last assessed at $23.44 million, making it the 62nd most expensive property in the province for 2025.

    The residence was originally listed for sale for around $33.88 million in 2021. In 2024, the asking price was dropped by $5 million to $28.888 million.

    Now it has been relisted again at $28.38 million, showing a more modest discount of $500,000.

    Built in 1997, the home has seven bedrooms and 11 bathrooms. Along with a well-appointed kitchen, dining room with a view, and indoor pool, the West Point Grey mansion has a penthouse zen room and "karaoke room."

    "Resort-style amenities include an indoor pool, spa, theatre, and entertainment suites. Sweeping ocean vistas and mountain panoramas create an ever-changing backdrop through expansive windows and terraces," writes real estate agent Caroline Hong in the listing.

    The house was last sold in 2007 for $10.5 million, according to REW data.

    This story was originally published on March 21, 2024 and has been updated.

    By Brendan Kergin
    18-08-2025

  2. City updates are not a realistic look at what's happening in the Broadway plan area, a critic says

    The latest city of Vancouver update on its Broadway plan touts all the residential development in progress along the corridor.

    A critic says the quarterly updates provide detailed data, but don’t give a real picture of the challenges facing the plan, including stalled and delayed construction.

     “Everything is positive in the report. There could be staff reports that are more balanced, even with just some flags for caution — that rental rates are falling, construction costs are increasing, and that there are projects with stalled approvals,” said Michael Geller, a retired developer, architect and consultant, who a vocal critic of the plan and specific projects within it.

    He is wondering how many of the projects touted in the updates are likely to get built and why there is no mention at all of the potential risks in the updates.
    By Joanne Lee-Young
    15-08-2025

  3. Promotional items got snazzier as the prices went up

    David Rogers loves going to open houses.

    Since the mid-1980s, he and his wife, Krista, have been checking out the latest and greatest highrise condos, imagining what it might be like if they won the lottery. Could they live there? Would it fit their lifestyle?

    “It was fun to see how the rich were going to live,” said Rogers, a retired vocational rehabilitation consultant for WorkSafeBC.

    Inside the presentation centres to new condo buildings, they would collect developers’ spiffy marketing brochures. Some were fairly nondescript, others like a mini-magazine. The brochure for the high-end Vancouver House — the tower by the Granville Bridge that looks like a slice was taken out of it at the bottom — was so deluxe, he had to buy it for $20.

     
    By John Mackie
    15-08-2025

  4. Erick Villagomez: Every tax exemption or subsidy should be tied to clear, enforceable requirements: binding timelines, deep affordability, and meaningful penalties for delay or reversal

    In B.C., ordinary homeowners pay annual property taxes — and when they buy a home, they pay property transfer tax. In recent years, the province and the city of Vancouver have introduced new taxes to curb speculation: the empty homes tax, the speculation and vacancy tax, and the recent flipping tax.

    These policies suggest a government serious about housing fairness. But is that fairness evenly applied?

    While individual homeowners face rising bills and pay taxes, large landowners, corporate landlords and developers predictably operate within a parallel system — one shaped by exemptions, deferrals, and loopholes.

    To understand the current state of housing, it’s critical to examine how tax policies across all levels of government — federal to municipal — have quietly become tools to subsidize speculation.

    By Erick Villagomez
    14-08-2025

  5. The stretch of semi-rural land on No. 6 Road in Richmond, B.C., is home to blueberry farms, multimillion-dollar mansions and an 18-hole golf course.

    The stretch of semi-rural land on No. 6 Road in Richmond, B.C., is home to blueberry farms, multimillion-dollar mansions and an 18-hole golf course.

    Those properties are all now encompassed by a landmark Aboriginal title claim that was successfully established by the Cowichan Nation last week.

    The ruling in B.C. Supreme Court confirmed Cowichan Aboriginal title and fishing rights over the stretch of land on Lulu Island next to the south arm of the Fraser River where the nation had a summer village where members fished for salmon.

    Now it is occupied by Crown and City of Richmond holdings — as well as private properties that include a 10,600 square-foot home with 11 bathrooms and an official valuation of $7.78 million, other multimillion-dollar homes and the Country Meadows Golf Course.
    By Ashley Joannou and Nono Shen, The Canadian Press
    12-08-2025

  6. Homeowners could potentially stratify and sell secondary detached units

    The City of Vancouver has laneway homes in its sights, weighing adding ownership options to this form of housing that experts say could boost supply despite presenting some challenges of its own.

    Allowing separate ownership of laneway homes could give families more flexibility and financial freedom, and at least one local credit union offers a dedicated mortgage product aimed at laneway and similar co-living arrangements.

    Still, there are concerns surrounding infrastructure, parking, conflict resolution and speculation, and experts told BIV that while successful, this building type should continue to be studied, as the city is now doing.

    Vancouver city council has directed staff to explore and report back on options to allow the subdivision or stratification of residential lots containing secondary detached housing units, such as laneway homes or accessory dwelling units (ADUs).

    The motion was carried unanimously at a July 9 meeting, and directed city staff to focus on situations where units comply with R1-1 zoning guidelines and “the form and siting are functionally equivalent to those permitted in multiplex subdivisions.”
    By Jami Makan
    12-08-2025

  7. In a tough market where many such proceedings are happening, the four-storey Chloe building off the Arbutus Greenway stands out. Here's why.

    It was billed by its developer as a luxury condo building whose design would be “inspired by the world-renowned fashion houses of Paris” and evoke “the smart chic of Parisienne character.”

    Article content

    And from a visual standpoint, the four-storey Chloe building off the Arbutus Greenway near West 47th Avenue in Vancouver’s Kerrisdale neighbourhood ticks some of those boxes: an elegant, soft-palette facade features large, framed apartment windows and long, narrow balconies.
    By Joanne Lee-Young
    08-08-2025

  8. Demand for storefronts differs across neighbourhoods, but vacancy increases in parts of the city raise concerns

    Empty storefronts can be part of healthy retail districts — signs that new tenants may be navigating permits through city hall or renovating premises before they open a refreshed space.

     

    Vancouver has, however, seen a rise in vacant storefront properties, particularly in key retail areas such as Alberni Street, downtown Granville Street and the Broadway Corridor.
    Source: Western Investor
    03-08-2025

  9. Previously a stalled development site under the last ownership group, a new proponent team is now seeking to unlock the potential of this significant property

    Previously a stalled development site under the last ownership group, a new proponent team is now seeking to unlock the potential of this significant property at the northeast corner of Thurlow Street and Haro Street in downtown Vancouver’s West End neighbourhood.
    By Kenneth Chan
    01-08-2025

  10. Developer Ryan Beedie is locked in a battle with the Vancouver school board over a property in the Broadway plan

    While Vancouver school board trustees are elected to oversee student education, they are also responsible for the district’s massive real estate portfolio — which is worth billions of dollars, Postmedia research has found.

    Postmedia librarian Carolyn Soltau used land ownership databases and tallied 223 properties owned by various Vancouver school district entities, including the “board of education,” “school district No. 39,” and “board of school trustees,” with a combined assessed value of more than $9.5 billion.

    The list includes 116 schools, 107 of which are in use, that account for roughly four-fifths of the value of the properties.
    By Lori Culbert
    30-07-2025

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