Blog by Ann Hickey

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SOLD: $55M Vancouver Penthouse Apartment

Vancouver’s $55-million condo sale, paid in cash, is the biggest residential real estate deal in Canadian history. 

So far this year in Vancouver, 400 properties have sold for over three million dollars, but the deal at the Fairmont is in a league of its own.

“Rather than an investment, it’s a lifestyle decision,” says Cameron Muir with B.C. Real Estate Association. “So, they are purchased almost as recreation property by international wealthy set, if you will.”

Analysts say the sale could drive up the prices of nearby penthouse suites.

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SOLD:  $55M Vancouver Penthouse Apartment