For sale40$35,990,000
PH3101 277 THURLOW STREET
4 bed5 bath8,022 sq ft
Above $2M, the market behaves differently — fewer comparables, more privacy expectations, and financing and tax considerations that don't come up on an average purchase.
BC's Property Transfer Tax adds a further 2% on the residential portion of a purchase price above $3M, on top of the standard 1%/2%/3% tiers — a material figure to plan for on a high-value purchase. On the financing side, insured (CMHC-backed) mortgages generally aren't available above $1.5M in purchase price, which changes minimum down payment expectations and the lenders worth approaching.
Discretion matters more at this level, too — many luxury sellers prefer private or limited-exposure marketing over a fully public MLS® listing with unrestricted showings. We can often arrange a private viewing before a property is broadly marketed, and represent buyers with the same discretion when it's their preference.
If yours isn't here, ask us directly — we'd rather answer it now.
Above roughly $1.5M in purchase price, mortgage default insurance generally isn't available, so lenders typically require a larger conventional down payment and underwrite the file more individually. We'll connect you with a mortgage professional experienced at this price point.
Yes — BC's Property Transfer Tax adds a further 2% on the residential portion of a price above $3M, on top of the regular tiered rates. Alberta has no land transfer tax at any price point.
Often, yes, particularly for sellers who prefer limited exposure. Tell us what you're looking for and we'll let you know what's realistically available that way versus what only exists on the open market.
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