With an average annual wage of just over $52,000 in British Columbia, it is sometimes hard to comprehend that houses are currently for sale worth millions upon millions of dollars.
The most expensive property in the Okanagan is currently listed at just under $20 million, an exorbitant price tag for most and yet a whopping $40 million less than the most expensive home in B.C.
That honour is now held by Belmont Estate in Vancouver, the newest and most exclusive listing in B.C.
The Belmont set a record in the Vancouver real estate market with its price tag of $63 million. Situated on 1.28 acres, the elegant, custom-commissioned and designed 21,977 square-foot property is the family home of prominent billionaires Joseph and Rosalie Segal.
As most B.C. residents will attest, it is not cheap to buy real estate here 91Ƶ nine of the 10 most expensive properties in Canada are found within our provincial borders.
The 91Ƶcheapest91Ƶ of those top 10 homes 91Ƶ an 8,500-square-foot mansion in North Vancouver listed at 91Ƶjust91Ƶ $25 million.
However, all those homes are found
In fact, no home in the Okanagan even came close to breaking into that top 10 list.
The top 10 most expensive homes in the Okanagan range from $7.995 to $19.999 million.
The most expensive listing has been sitting for sale for a number of years now. While it is the most expensive property on the market, researchers did note that its value is more in the 124 acres of land included, rather than the home itself.
Researchers at Point2 Homes just wrapped up their list of the 10 most expensive homes for sale in the Okanagan and Canada.
91ƵThe Canadian luxury real estate market definitely has a lot to offer,91Ƶ
91ƵWhether it91Ƶs ocean-bathed beauties or extravagant rural estates, modern mansions in flashy neighbourhoods or exclusive penthouses, the most northerly country in the Americas clearly caters to tastes of all sorts when it comes to high-end living.91Ƶ
carmen.weld@bpdigital.ca
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