Sunday, December 8, 2013

Is Canadian Real Estate Overheated?

A fabulous Western themed penthouse condo in Calgary has come onto the market for $10M (HERE) ~ apparently non-negotiable according to news radio.  They have established a very beautiful website that has the obvious intent of attracting foreign buyers.  In many circles, Calgary is getting recognized for the international business center that is it.  Curiosity got the better of me and I went to look across Canada at the top five most expensive properties.  Vancouver, Toronto, and Montreal - no surprises.  Vancouver takes the top spot at $35MM as well at the 4th and 5th spots.  Some selection views and images below with links to full listings.

Condo @ Keynote Development ~ 220 12th Avenue SW, Calgary




Vancouver - $35MM - Heritage Mansion - 2 adjoined condos - 9 bedrooms and 13 bathrooms and more than 12,000 sq. ft. of living space.   FULL LISTING HERE

Toronto - $25.8MM - 2 ac lush estate with 24,000 sq. ft. living space (under construction?). FULL LISTING HERE

Magog (~1.5hrs to Montreal, QC) - $25MM - gated estate with main residence and three guest homes on manicured grounds leading down to Lake Memphremagog FULL LISTING HERE



Laura Alba said...

Canadian real estate market is growing at an alarming rate. This phenomenal growth is more prevalent in the western regions, and this has been primarily aided by increased number of jobs; low lack of employment amount, low interest levels and as the result low home loan prices on the real-estate property.

Western Canadian Properties Group

Tahoe said...

thank you. Our economy does seem to be supporting the growth. I personally am sensitive to the uncertainty and downside risk. Today, there's another piece highlighting the debate - no one really knows until something changes. Thanks again.