An Overview of Canadian Real Estate

The basic purpose of any real estate agency is to provide with the best of houses for both buying and selling. As for Canada, the real state agency dose the same for all ten provinces and three territories. Under the Canadian Real Estate Association formed in 1943 holds 97, 000 real estate agents, brokers and sales people.

All the real estate agencies in Canada provide its people with best of homes, the cheapest to the most expensive homes ever. The most expensive home to be ever sold within Canada was for 17.5 Million dollars. This mega stone castle spreading on 5,000 square foot and had 8 bedrooms, 11 bathrooms was bought by a European buyer.

Next in the line is the 30,000 square of lush home, including an infinity pool, 8 bathrooms and 11 rooms, a separate 26, 00 square foot for maid quarter and 7500 for guest room. Its garage can hold up to amazing 16 cars. Another 41,000 square foot for 27 million dollars holds a lavish setting and experience for the rich, with nine bedrooms nine bathrooms, a wine cellar, 3 garages and a paint room.

The Bridle Path another fabulous real estate is on the market for 26.8 million dollars. It holds 7 bedrooms, 13 bathrooms, a fish pond, theater and a magnificent sports center with a bowling alley, tennis court and a pool. It also has a garage which can hold 8 cars in it. The West Vancouver house may appear to be small with 5 bedrooms and bathrooms but it has an amazing 350 feet of water front, a nanny suite and a garage that can hold three cars, all this is spread across, 7,724 square feet and only for 24.8 million dollars. The next in the real estate line is the house in Whistler, for 23 million dollars, spreading on 5,000 square foot with five bedrooms and bathrooms.

With the increased recession and world getting more and more expensive, it appears to hole this sort of lavish and a fabulous homes seems like a job for the rich only. And though Canada provided its residents with cheapest home traditionally in the developing world same cannot be said in today’s world. Prices for residential homes have increased nationally in all Canadian cities, causing a drop in the market place. It has also been pointed out that prices have shifted up high as comparison to the last June which is in 2010 but though these high prices will soon mellow down. However for the present moment, the prices for homes all over Canada are indeed high.

The real estate can suffer from a serious blow if the recession doesn’t calms down. Houses which have million price placed as a tag seem out of bounds for those who cannot afford it. It is natural that people in times like these think twice of turning towards real estate. Though, nevertheless, those who can afford millions sky is the limit.