Most expensive Canadian condo sold for $40 million in Vancouver

OK. So I realize a lot of us would move to Vancouver if we had a chance but $40 million is crazy!!!!

I guess this just proves the old adage...the three most important things in real estate are location, location, location.

As a writer and an editor I must comment that the end of the article regarding mortgage rates doesn't match the article. The guy who paid $40,000,000 did not take out a mortgage. Likely his accountant advised him on what investments to cash, what cash from a Swiss bank is best, or how his company will show the expenditure. No mortgage happening here...it is clearly a cash investment, so why mention mortgage to end the article?

Too bad he didnt buy just 1 condo for 40 mill. It would have set a record.

OMG these people have more money than sense, why didn't these MiddleEastern people put their money into improving the poverty in their own country instead of coming to Canada as they always do and flashing that ridiculous amount of money on something that has no meaning. I am so sick and tired of these people coming over to canada and flashing their so called riches on their own pleasure when there are so many people who can hardly make ends meet and have to work 2-3 jobs just to stay afloat and then they have the nerve to be all high and mighty and start shoving their religion and status down canadian's throats. And when you meet them they talk down to you like you owe them something. Go back to your own country and help your own people and put your stupid money to improving the health and living in your own country. GET THE HELL OUT OF CANADA.

I totally agree with G. My sentiments exactly.

To G and Maria,

Talk about being ignorant. Maybe they want better living in Canada? They are people that worked their way up to success or blessed with money who knows. It is the government of the country that is suppose to make the country better not them. They can donate which you would not know if they did or not. You are not mad about the fact that they are not helping, you are in fact mad about that a "foreigner" can just come into Canada and purchase what they want. Maybe if you ignorant minded people work a little harder, you might be able to do what "those people" do as well. Think before your speak, you sound stupid and low educated. You should get the hell out of Canada, not them. Canada does not need racist ignorant fools like you.

arab $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Ken's real name is likely Abdul from the way he voices his views and his grammatical errors, just a slight hint of middle east snobbery and one sidedness. Most true Canadians are fed up with foreigners that choose not to integrate and flaunt their ill gotten gains.

Ken says it right. Boneheads like G and Maria just make fools of themselves with rants like that. Realize this folks, when a "foreigner" invests in our country he/she's bringing in MONEY, and you should be grateful rather than carp. Sour grrapes!!

don't forget the wording
he bought the penthouse $25 million
and the condo's below the penthouse to total $40 million

Hello Ken Arab & John
Wake up people and take a look around you. You definately are from the middle eastern countries if you can defend this. All I am saying is that they have a ridiculous amount of money that could be spent elsewhere IE: their inpoverished countries and for your information KEN I work my ass off so dont you dare tell me or anyone else that we need to work harder. You are the one that is very very IGNORANT you get the Hell out of Canada because you obviously cannot support true Canadians and the fight that we go through to try to keep our laws and not have them changed by arabs,muslims etc etc. I work with public big time and see it first hand.
You are a very small small person.
P.S we aren't even aloud to say Merry Christmas anymore or have Christmas trees up because its offensive , If they don't like it go back where you came from PLEASE PLEASE FOR THE LOVE OF GOD GO AWAY.

Hey Jonny Taxpayer, who exactly is a "true Canadian"? And, if, as you say, these folks choose not to integrate, would they not be flaunting their supposedly "ill gotten gains" amongst their own?
Face reality buddy, our system needs immigrants and their money to sustain itself. Educate yourself, get a decent job and stop feeling sorry for yourself.

It's "allowed" G, not "aloud", learn your supposed mother tongue. And I agree, not being allowed to say Merry Christmas and similar restrictions are stupid but from all my conversations with my "immigrant" colleagues not one has supported such restrictions. That, for the most part, is the work of our idiot politicians. And before you call someone a small person, take a look in the mirror.

Cheers!!

G & Maria - from your post it is quite clear your level of education is not up to par. Canada is a multicultural country with immigrants from around the world. Unless you are an Aboriginal: First Nations (Indian), Metis or Inuit you have no right to state that someone should go back from where they came from. You may be a Canadian citizen or Canadian by birth BUT you are in no position to discriminate against others..you would still be considered an immigrant. If you don't like the current situation, why don't YOU go back to where you came from.

You complain about not being able to say Merry Christmas or put up Christmas trees because its offensive - just for the record Christmas is not an Aboriginal celebration. Yet we live in a country where we are free to celebrate many cultures / festivities / holidays. I celebrate every holiday because I'm Canadian.....a Canadian immigrant and I live in harmony with all.

We should no longer allow individuals from other countries to purchase houses in Vancouver. It has become a nightmare to live here with the prices of property being so high. Especially giving up our
land to individuals whom don't even live here... Don't pay taxes here or support our economy what so ever. This has become very difficult for the middle class here, who already suffer from a cost of higher living. We give up so much to foreigners as it is, being Canadian we get stepped on a lot because we "understand." I just wanted to rant... And I also think that our tax payers pay too much into the medical system to aid families that don't really even live here to get help, when in fact
those people don't even pay taxes to support us.
What is going on with that?

I will agree the politicians and government are very largely to blame but we are the ones that tolerate it instead of standing up for Canada, its infuriating to say the least. And believe me I work with immigrant people as well and they are fine but its behind closed doors that they start to finagle the system by illigally bringing family over and then getting their health care etc for free and going back and the next thing you know they have tons of money and new houses and jobs waiting for them and then they have millions and spend it on stupid things like penthouses etc. End of discussion.

Thank you Dr No I totally agree and RG no discussion I think we canadians know where we stand and there is only a select few that will agree with people like you who are on immigrant sides.

raise property taxes to 2% of property value, that will make these folks actually contribute to society. Although, we do need to get rid of socialism

Jim,
I think if you're a non resident you will need to pay a much higher property tax... 15% higher.

Is this the same hotel that wants people who do the bus work, to do it for free?

Just a question.

G, I am not on immigrant sides... I am a 1st generation Canadian though.

Ken- ur kidding right? worked their way up????????to buy 40 million in realestate??????
hahahahahahahahah

Is it John or Mohamed I think its most likely the later. John I could care less about you infantile jabs, you clearly are a douche.

Dr No that wasn't about you sorry, it was pointed at RG.

Dear G,

you actually make me laugh, the fact that you are getting mad because your life is not as good as the so called foreigners. I am actually born in Canada. Just from your comment "go back to your country", not only proves you are ignorant, also stupid. As people stated, Canada is a multicultural country and if you can not grab hold of that concept you are not Canadian and do not deserve to be. And I will say it again..."work harder if you want the life they got". You hate because of one's success and its quite pathetic. Your comments says it all. What a fool.

Ken you are one ignorant A--Hole you haven't heard or read a word I said so clearly you are blind.
One day Ken you will wake up and understand what has been going on under your nose and then maybe you might grow some balls and agree with everyone who is trying to educate you.
You are a hopeless case.

oh and by the way Ken did you really believe that these people have worked there way up to be able to afford 40 million dollar property, LMAO read what "reality check" said.

I am native, born and raised here in our lovely Canada. I have been to third world countries and agree with G,Maria and Dr. No. Spent your 40 million in your country. Build a house, make jobs for your people who are starving. Hire your people as servants so they may eat.
Practice your religion and your beliefs in the comfort of your own country.

MERRY CHRISTMAS TO ALL !!!!!!!!!!!!!!!!!!!!!!

Hello Just Me, YEAAAAAA you, thank you so much for that back up you are a lovely person.
I 100% agree. And MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE.