Quote:
Originally Posted by whatnext
Nice to see we've learned nothing from London's experience with tehse kind of insane prices:
The $40 million purchase of a Fairmont Pacific Rim penthouse suite and a unit on the floor below was Canada’s most expensive condo purchase, according to Bloomberg news.
A Middle Eastern royal bought the “prestigious and coveted penthouse residence” for $25 million in June, and the additional unit upped the price to $40 million, according to the Vancouver Sun.
http://www.huffingtonpost.ca/2013/09...n_3975773.html
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The buyer has too much money to spend.