Lighter Side: The hottest property in Canada’s hottest market

The house that Lululemon built is the most expensive house in Canada’s most expensive real estate market.

Chip Wilson, the billionaire founder of the yoga clothes company, owns a $57.6 million home in Vancouver’s Kitsilano neighbourhood, named B.C.’s priciest home by the provincial assessment authority this year.

With the average house price in Vancouver reaching $905,701 in May 2015, a year-over-year increase of more than 11 per cent, it was a tight race for the province’s most expensive property,

The Lululemon founder home is all open-concept concrete with water-facing views out on English Bay, the city and the mountains beyond.

At 30,000 square feet, it is spread across three properties, and was built over the course of five years starting in 2008.

The two-storey structure looks out on several patios, an infinity pool, tennis courts, gardens and the water beyond. Inside, it boasts seven bedrooms and nine baths.

It’s all about “location, location, location” in Canada’s hot property market, and a sprawling home just blocks away from Point Grey (the home of the province’s third, fourth and fifth richest properties) is definitely in the right place at the right time.

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