9 jaw-dropping French castles for the price of 1 Vancouver tear down

It is no secret that Vancouver has some of the most expensive real estate prices in the world, but who would have thought that you could purchase nine historic French château mansions for the price of one Point Grey tear down.

According to Vancouver-based Pricey Pads, and as first featured by Global BC’s Peter Meiszner, this stark contrasting reality provides yet another glimpse of our region’s out-of-control real estate costs. It has the most expensive housing market in Canada by a wide margin and the world’s second least affordable housing market following Hong Kong.

Vancouver Point Grey Property: $22.8-million

Point Grey mansion
Image: Google Streetview

The Point Grey property features a view of Burrard Inlet and the North Shore mountains, but is the boarded-up, 2,600 square foot, 1937-built tear down with 4 bedrooms and 3 bathrooms really worth $22.8-million? As Pricey Pads puts it, “would you rather buy the lot in Vancouver for $22,800,000 CAD or all 9 of the French Châteaus for $22,606,270 CAD?”