Luxury homes are prime pieces of real estate that exude refinement and exclusivity. Offering privacy and ample living space, these upscale properties are usually custom-built using premium materials and boasting luxurious designs. A lavish home showcases not only interior elegance, but also exterior appeal and provides high-end amenities inside and out. What’s more, luxury homes also usually have a story or history attached to them — they were either built by a prominent architect or are situated in a prestigious location. Showcasing steep price tags, professional real estate guidelines typically place high-end properties in the top 5% or 10% of the local housing market. People who buy luxury homes are usually high-net-worth individuals.
What is the difference between a house and a mansion?
While a standard house entails typical floor plans and amenities, a mansion is an imposing, single family luxury home with opulent and extravagant details.
What qualifies a mansion as a mansion?
Boasting a higher-than-average number of square feet and excess bedrooms and bathrooms, a mansion is much more than a big house for sale. Rather, it comes with high-end finishes and top-of-the-line appliances, as well as energy-efficient systems and smart home features. Sitting on huge lots of land, luxury mansions also boast breathtaking landscaping and unique architectural details. The typical designs for these buildings include classical, colonial or Victorian styles. They also offer some of the finest amenities and can entertain large groups of people. For example, mansions usually include commercial-grade kitchens and multiple common areas and leisure spaces — such as great rooms; lounges; games and theater rooms; gyms; spa facilities; pools; tennis courts; gardens with water features; hiking trails; guest houses; and so on.
What is the difference between a house and a villa?
A villa is a luxury property typically located in the countryside or on the coast. While a standard house is a family’s primary living residence, a villa is used as a retreat or is rented out as a vacation home when not occupied. A villa is a refined luxury estate with an airy design, including rich amenities and providing seclusion. These luxe properties usually come with lovely outdoor landscaping and boast a patio/terrace, a front garden and a private pool. They are either single detached or semi-detached and are part of a gated community, typically within a resort.
How do I find mansions for sale near me?
Mansions nearby are just a few clicks away on Point2. Check out the list of available expensive houses for sale on the website and select the ones near your location using the map view.
How many luxurious houses for sale are available in Vancouver, BC?
On Point2, you’ll find 1,780 luxury homes for sale in Vancouver, BC, with prices ranging from $1,006,000 to $59,800,000.
How do I search for Vancouver, BC luxury homes for sale?
Finding Vancouver, BC luxury real estate has never been easier on Point2. Simply filter the available listings according to price, square footage, number of bedrooms and bathrooms, or any amenities you might be interested in. Price drops are another feature at your disposal. This is especially useful in finding mansions for sale in Vancouver, BC that have reduced their asking prices in the last six months. Just be sure to save your search in order to receive new high-end listings that match your preferences directly to your inbox.
Located in British Columbia, Vancouver is a beautiful city nestled between the mountains and the ocean. As a world-class destination, Vancouver offers the best of both worlds for city-dwellers and adventure-lovers, with an abundance of green spaces, access to the beach and mountains, and a cosmopolitan vibe. The city spans an area of 114.97 sq.km, with 1,001 acres of that being Stanley Park, and is the key access point to Vancouver Island.
With a climate that contrasts with the rest of Canada, Vancouver experiences hot summers and mild winters; however, is prone to the occasional flurry of snow and a generous amount of snow at higher elevations and in the mountains. Vancouver enjoys prominent seasons, but is known for receiving a fair amount of precipitation especially in winter.
Population-wise, Vancouver is the eighth largest city in Canada, with 631,486 people, while the Metro Vancouver area has a much higher population of over 2.4 million. The city is comprised of a number of different ethnic groups, including British, Irish, Scottish, German, and Chinese. Vancouver embraces diversity in all forms, and has a large LGBTQ community and is home to the country’s largest annual pride parade. Vancouver is Canada’s top destination for the film and television industry, and its other key industries include tourism and recreation, health care, retail, manufacturing and construction, and real estate. Tourism is a huge driver of Vancouver’s economy, due to its recreational activities and popular resorts such as Whistler Blackcomb and the North Shore ski resorts, as well as the beaches, city attractions, restaurants, and shops.
Known to have one of the hottest real estate markets in Canada, Vancouver is experiencing a housing boom and has been for the last few years. While things have started to even out in recent months, Vancouver is still enjoying a very strong market largely driven by a growing population, relatively low mortgage rates, and increasing employment levels.
Vancouver has a high demand for homes, which has contributed to a large number of new home starts in the form of condominiums and town houses. There will be a continued demand for new homes over the coming years due to the growing population and employment levels, and multi-family homes under construction will remain elevated. Since detached properties are unaffordable for many people, and due to the limited amount of developable land, multi-family homes are very popular and come with a more affordable price tag.
The introduction of the Foreign Buyer’s Tax has stabilized Vancouver’s real estate prices for the first time in three years; however, the property market will remain just as desirable with multi-family homes generally favouring sellers. The rental demand is predicted to remain high, and investors purchasing rental properties are in a very good position due to increasing rental prices especially in the Downtown areas. Rental demand is outpacing supply, also driven by an increase in the number of short-term rentals in the city which has taken long-term units off the market.
Vancouver is known for its abundance of housing, especially luxury homes. The city has a number of $1-million plus homes, consisting largely of detached properties in areas such as West Vancouver, Burnaby, White Rock, and Richmond. In these areas, as many as 95% of the detached homes are over the $1-million mark, largely because Vancouver and the surrounding area is such a desirable place to live. Its hot property market cooled down slightly towards the end of 2016 due to the implementation of the Foreign Buyer’s Tax; however, Vancouver is still a very attractive destination for both foreign and local buyers.
West Vancouver, also known as Vancouver’s “Hollywood” equivalent, boasts a number of stunning homes with large land plots, swimming pools, and sweeping views of the city and ocean. White Rock is home to beautiful family properties overlooking the beach, Richmond is very multicultural with a large Asian community, and Burnaby offers a range of luxury homes with a suburban feel but is very close to Vancouver. Vancouver is a great place to invest, especially in luxury real estate, largely due to confidence in the real estate market, low-interest rates, and a strong economic market. Vancouver consistently ranks among the top places to live in the world on the EIU liveability index, which contributes to its strong real estate market.
Read more about living in Vancouver, British Columbia.