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Nonfarm payrolls in November up by 200,000, more than consensus estimates

A look inside Vancouver's record-breaking mansion

  • <p>The 21,977 square-foot property is situated on 1.28 acres in prestigious Point Grey.</p> <p>(Sotheby's International Realty Canada)</p>
    1/6

    Vancouver's most expensive home ever sold

    The 21,977 square-foot property is situated on 1.28 acres in prestigious Point Grey.

    (Sotheby's International Realty Canada)

  • <p>It features ocean views of Spanish Banks, the Strait of Georgia, West Vancouver, Downtown Vancouver, and the North Shore Mountains.</p> <p>(Sotheby's International Realty Canada)</p>
    2/6

    Vancouver's most expensive home ever sold

    It features ocean views of Spanish Banks, the Strait of Georgia, West Vancouver, Downtown Vancouver, and the North Shore Mountains.

    (Sotheby's International Realty Canada)

  • <p>The gardens are inspired by The Palace of Versailles in Paris. They feature a tiered, three-level garden lined with indigenous, mature sequoia trees, golden spruce, maples and many other varieties. There's also a hobby orchard and 12,000 flowers.</p> <p>(Sotheby's International Realty Canada)</p>
    3/6

    Vancouver's most expensive home ever sold

    The gardens are inspired by The Palace of Versailles in Paris. They feature a tiered, three-level garden lined with indigenous, mature sequoia trees, golden spruce, maples and many other varieties. There's also a hobby orchard and 12,000 flowers.

    (Sotheby's International Realty Canada)

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    Stay in the know at a glance with the Top 10 daily stories

  • <p>The porte-cochère entry opens into two main gallery halls with seating for up to 100 guests for private concerts and events. A sweeping grand staircase is lit by an Italian Ormulu chandelier.</p> <p>(Sotheby's International Realty Canada)</p>
    4/6

    Vancouver's most expensive home ever sold

    The porte-cochère entry opens into two main gallery halls with seating for up to 100 guests for private concerts and events. A sweeping grand staircase is lit by an Italian Ormulu chandelier.

    (Sotheby's International Realty Canada)

  • <p>There are five bedrooms and 12 bathrooms and all three floors are accessible by elevator.</p> <p>(Sotheby's International Realty Canada)</p>
    5/6

    Vancouver's most expensive home ever sold

    There are five bedrooms and 12 bathrooms and all three floors are accessible by elevator.

    (Sotheby's International Realty Canada)

  • <p>The dining room seats 20 and features custom carpeting.</p> <p>(Sotheby's International Realty Canada)</p>
    6/6

    Vancouver's most expensive home ever sold

    The dining room seats 20 and features custom carpeting.

    (Sotheby's International Realty Canada)

<p>The 21,977 square-foot property is situated on 1.28 acres in prestigious Point Grey.</p> <p>(Sotheby's International Realty Canada)</p>
<p>It features ocean views of Spanish Banks, the Strait of Georgia, West Vancouver, Downtown Vancouver, and the North Shore Mountains.</p> <p>(Sotheby's International Realty Canada)</p>
<p>The gardens are inspired by The Palace of Versailles in Paris. They feature a tiered, three-level garden lined with indigenous, mature sequoia trees, golden spruce, maples and many other varieties. There's also a hobby orchard and 12,000 flowers.</p> <p>(Sotheby's International Realty Canada)</p>
<p>The porte-cochère entry opens into two main gallery halls with seating for up to 100 guests for private concerts and events. A sweeping grand staircase is lit by an Italian Ormulu chandelier.</p> <p>(Sotheby's International Realty Canada)</p>
<p>There are five bedrooms and 12 bathrooms and all three floors are accessible by elevator.</p> <p>(Sotheby's International Realty Canada)</p>
<p>The dining room seats 20 and features custom carpeting.</p> <p>(Sotheby's International Realty Canada)</p>
Jessy Bains

Canadian real estate prices have gone through the roof during the COVID-19 pandemic, but a Greater Vancouver mansion takes the cake for the highest sale price on a single lot in the area's history.

The Belmont Estate tops the previous record of $31.1 million in 2016. It was listed for $58 million. The new owners want to keep the exact sale price private.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

"Canada's luxury real estate market has sustained continued local and international demand despite the pandemic and restrictions on foreign travel and movement into and out of the country," said Don Kottick, president and CEO of Sotheby's International Realty Canada.

"Interest has risen further since the start of 2021. The sale of Belmont Estate comes at a time when we are seeing an influx of global interest into Canadian real estate from people seeking a political, social and financial safe haven, while Canadians themselves are recognizing the strength of our country's real estate as both financial and lifestyle investments."

Scroll through the images for a sneak peek inside.

Photos courtesy of Sotheby's International Realty Canada.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

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