Elevated home sale activity continues to outstrip the supply of homes for sale in…
When you cross over the Granville Street Bridge that winds into downtown Vancouver, you’d be forgiven for thinking you’re in Hong Kong. The skyline has the same ribbon of gleaming apartment towers hugging the waterfront, and similar mountains in the distance.
There is also an unabashed display of wealth, readily apparent in the city’s Kitsilano neighborhood. Within a few short blocks, you can find dealerships for some of the world’s most expensive cars: Lamborghini, Ferrari, Rolls-Royce and Aston Martin, among others.
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At the front of the McLaren showroom are four sleek, high-performance sports cars, known as supercars. Wilson Ng, an account manager with McLaren Automotive, gently runs his hand over one of the 570GT models. “They’re starting around $200,000 to up to $250,000 to $300,000,” he says, up to about $222,000 in U.S. dollars.
That’s for one of the cheaper models in this showroom. The most expensive runs about CA$1 million ($740,587) — the Vancouver showroom sold six last year. Ng says there’s a big market in Vancouver. Most customers are foreign.