We probably don’t have to tell you that Canada’s real estate industry has been booming lately. Signs of it are all around us and it has been covered rather thoroughly by the media.
Some of it is good. Some of it is bad. One publication called it a “crazed housing market.” They aren’t wrong. The supply has been tight, to say the least, and new builds aren’t keeping up with demand. According to The Real Estate Board of Greater Vancouver (REBGV) economist Keith Stewart, "Housing supply is the biggest factor impacting the market right now.” This has led to fierce buying competition. It’s a seller’s market, and it’s affecting every aspect of the housing market. The luxury and ultra-luxury housing markets aren’t exceptions, as the market has watched these high-end properties get listed and sold in short order. There's a buying frenzy in that part of the market as well and Canada’s major housing markets are leading the pack with the number of multi-million dollar listings. Here are a few of the most expensive residential real estate listings currently for sale in Canada. 24 Park Lane Cir Toronto, ON M3B1Z7 List price: $45,000,000 This 28,000 SqFt mansion has 9+1 bedrooms and 16 bathrooms sits on 3 acres in the upscale Bridle Path neighbourhood, which the listing points out, is “home to international music stars and corporate luminaries alike.” 4883 Belmont Ave, Vancouver West, Vancouver, BC, V6T1A8 List price: $38,900,000 The 0 bedrooms/ 0 bathrooms listing is not only the most expensive real estate listing in Vancouver, but possibly the country. The waterfront lot, which is bordered by university endowment lands, is 2.88 acres in size. 4788 Belmont Ave, Vancouver, West Vancouver, BC, V6T1A9 List price: $33,888,000 The 7 bedrooms/ 9 full bathrooms and 2 half bathrooms has 10,548 sq ft under roof. According to the listing, the “luxurious gated mansion commands sweeping views of both the water and mountains.” The palatial digs even come equipped with a Zen room, karaoke room, and theatre room to boot. 123 Tecumesh Ave Vancouver West, Vancouver, BC, V6H1T3 List price:$33,800,000 Another big ticket Vancouver home, which is only a handful of dollars away from being the most expensive residential home for sale in the city, has 12,413 sq. ft. of living space, a massive aquarium, an elevator, a Koi Pond/ Japanese garden, and three levels. 3165 Place De Ramezay, Montréal (Ville-Marie), Quebec H3X2B6 List price: $30,800,000 A renovated 8-bedroom, 15-bathroom residence with city views. Currently, this is the most expensive residential listing in Montreal. 71 The Bridle Path, Toronto, ON, M3B2B2 List price: $29,800,000 The two-story, 9 bedrooms/13 bathrooms residence is just one of many luxury homes for sale in Toronto’s elite area of town, The Bridle Path 1243 Chartwell PL, West Vancouver, Vancouver, BC, V7S2S2 List price: $28,000,000 The 8 bedroom / 12 bathroom estate, which is tucked away on nearly 3 acres in a historic neighborhood, has over 20,000 sq. ft. of living space. 85 The Bridle Path Toronto, ON M3C2P1 List price: $23,000,000 Billed as an “exquisite French provincial chateau, this 20,000+ sq. ft. Bridle Path home has 8+1 bedrooms and 11 bathrooms on 2 acres of land. From professional sports courts to manicured gardens, the estate has all the amenities one would hope for in this price range. 1475 Av. des Pins O. Montréal (Ville-Marie), Quebec H3G1B3 List price: $22,000,000 The listing says the former home of industrialist and philanthropist J.W McConnell “represents one of the most impressive estates in Canada.” The home has 12 bedrooms/ 12 bathrooms. 905 Ch. des Skieurs, Mont-Tremblant, Quebec J8E3M8 List price: $21,999,066 The 17,000-square-foot lakefront mansion has 8 bedrooms/ 13 bathrooms. It also has 17 fireplaces and sits on a 5-acre manicured estate. Comments are closed.
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AuthorLarry Weltman is a Customer Service Representative for AccessEasyFunds Limited, or AEF, an Ontario-based firm Archives
November 2022
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