It’s no secret that serious concerns about the housing market are starting to appear, even banks are making moves to protect themselves from a Toronto housing crash. Interestingly enough, some of Canada’s richest and smartest business people started to list their homes. It could be a coincidence, but it piqued our interest either way. Are they profit-taking or upgrading in the middle of warnings? Only time will tell, but it’s probably worth noting that these people didn’t become wealthy beyond all belief by buying and selling at the wrong times.
FYI: The list is in order of most expensive to less most expensive, not by business savvy. Although I wish my name on it either way.
If I had the money, I would hands down purchase this place warnings et al. – probably why I’ll never be Alex Shnaider wealthy. The 28,000 sq. ft. Katherine Newman designed residence was custom built for the Russian billionaire, and could have been a 5 star hotel. He does have a few other homes (even in the city), so it could just be that he’s moving into one of his other homes.
Everyone’s favorite Shark, Robert Herjavec is listing the home he and his ex-wife lived in for the past 16 years. Unfortunately he separated from his wife Diana Plese recently, and they’re liquidating all joint homes including this 33,650 sq. ft, 7 bedroom, 13 bathroom single family home.
BMO COO Frank Techar is listing his historic Richardsonian Romanesque mansion. It was built in 1898 for the daughter-in-law of William Davies – the pork butcher who was so successful they called Toronto “hogtown”.
Canada’s favorite business reporter is rumored to have lived here for a number of years before listing it for sale, so it’s most likely she upgraded – which is hard to believe since this place has one of the nicest backyards in Forest Hill.
Scotiabank CEO Brian Porter is listing the townhouse he purchased just 6 months ago, for a 10% increase on the purchase price. No word on why he’s selling so quickly, but he did recently say “We’re a little concerned about housing prices in the greater Vancouver area and Toronto”. Probably just a coincidence though.