$40M Quebec mansion hits market as luxury home sales brush off higher rates - BNN Bloomberg

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It’s being hailed as the most expensive property ever listed on real estate platform Centris in Quebec, and it comes in at a cool $39.9 million.

, located about two hours north of Montreal near the Mont-Tremblant ski resort, sits on 52 acres of land and features six bedrooms, seven bathrooms, a wine cellar capable of holding 1,000 bottles, its own spa and an elevator. The property is debuting on the market at a time when many housing markets across the country have seen a downturn in sales activity – but that’s a phenomenon that doesn’t extend to the luxury housing market, according to the property’s broker.

“Lake Tremblant is the one of the nicest and the most expensive -- I think it's the first or second-most expensive -- lake in Quebec. It's beautiful.” “People that usually buy these kinds of houses, they pay cash,” he said. “There's no financing of properties like that.” While he wouldn’t disclose any information about the sellers of the estate, he added that this type of buyer likely already owns multiple homes.

 

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If that house was in Vancouver it would be owned by a student who’s declared income wouldn’t cover the lawn maintenance let alone anything else.

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