Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
While the hot Canadian real estate market is increasingly making home ownership an impossible dream for most millennials, the luxury real estate market is noticeably cooling down.
The top eleven priciest homes in Canada are all pegged at more than $25 million, with a 6,600 square-foot Vancouver penthouse coming in at the top of the list.
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Although these staggering prices are prohibitive for most people, compared to last year’s figures, the values for the most expensive homes in 2018 have toned down significantly.
The highest-priced home for sale in 2017 was Vancouver’s Belmont Estate, listed for $63 million, whereas this year’s No. 1 listing is PH02 – 1011 W. Cordova Street in Vancouver for a “mere” $38 million.