Scotiabank CEO Brian Porter is listing his church-turned-swanky-townhome at 12 Macpherson Ave. He only moved in 6 months ago and recently said his bank is taking steps to defend themselves against a Toronto real estate bubble. but we’re sure it’s all a big coincidence. The single family townhome is currently listed with Kelly Fulton for $3,950,000 – 10% higher than the $3,586,000 he paid in January. 10% in 6 months? I can see why he thinks there’s a bubble.
The Details
The 4,250 sq. ft. home is one of 5 townhouses in the Macpherson Church conversion in Rosedale. Inside you’ll find a four bedrooms spread across three stories, luxurious finishes like paneled walls, and herringbone floors, a chef’s kitchen, a massive master bedroom with his and her walk-in closets, and a fitness room on the third level. The best feature however is the large terrace, complete with a huge fireplace and dining area – perfect for entertaining.
This guy got rich by laying off scores of people at his bank to keep the EPS up. Cost cutting, not real growth. Fires people, yet keeps his job, salary and stock options. BNS worst bank out of the big 5 and he’s a big reason for that.
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