Yes, AVR has been on the air up here on 106.3 with 9,000 watts since last Spring. The call letters are CKAV-2 (CFVE was never used) and the station is licensed to Vancouver. Despite the fact they are adjacent to KLYN 106.5 the signal decently covers most of the Lower Mainland, even in the Lower Fraser Valley which is a stone's throw from Lynden. AVR had originally planned to revive the old CFVR/CKMA 850 in Abbotsford to simulcast 106.3, but from what I've been hearing those plans have now been shelved.
I have no idea who the applicant for the new station on 104.1 for Vancouver is. There were rumours circulating that it might be a gay & lesbian group, but nothing further has been heard. Nonetheless the CRTC has opened things up and has invited other interested groups to apply, so you can be almost certain that somebody will get the go ahead.
http://www.crtc.gc.ca/archive/ENG/Notices/2007/pb2007-95.htm