A home in an exclusive neighborhood overlooking Alta Lake has sold for $32,000,000, breaking Whistler’s real estate sale price record by nearly $10,000,000.
The international couple, who Ryan say split their time between Europe and New York City and are self-made, also bought the lot next door for an additional $7,500,000 to build a guest house and tennis courts.
The buyers were able to purchase the home because Whistler is exempt from a new law that prohibits foreigners from buying homes in Canada.
This really puts into perspective not only how ridiculous the price of this mansion is, but also the general state of complete and utter insanity that the real estate market finds itself in today.
And the saddest thing is that this is not just a BC thing or even a Canada thing…real estate is being priced out of the hands of common working folks in most of the western world.
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Even someone on the sunshine list (100k) would need to work for 320 years to gross that amount.
A cardiothoric surgeon (highest paid medical professional in Canada) would need to work 53-80 years to gross that amount.
Two cardiothoric surgeons who live together, assuming AB taxes, would need to work for 64 years each to net that amount.
So the two hardest working (by pay) people in this country together could not afford this house in their lifetimes.
This really puts into perspective not only how ridiculous the price of this mansion is, but also the general state of complete and utter insanity that the real estate market finds itself in today. And the saddest thing is that this is not just a BC thing or even a Canada thing…real estate is being priced out of the hands of common working folks in most of the western world.