For sale35$48,000,000
14 PARK LANE CIRCLE
6 bed8 bath
HouseMLS® C13223118
Lifestyle collection
Luxury Homes
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.
On the market now
View all 10,310 →Current listings in this collection
For sale35
What changes above $2M
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.
Common questions
Before you reach out
If yours isn't here, ask us directly — we'd rather answer it now.
Is there a minimum down payment for a luxury home purchase?
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.
Are there extra taxes on luxury purchases in BC?
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.
Can you arrange private, off-MLS® showings?
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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ExploreReady to see luxury in person?
Tell us your timeline and budget and we'll line up viewings that actually fit.