Sir Henry Pellatt made his fortune mainly through investments in railway and in the hydroelectricity in Canada. Respected financier valued European art and architecture. Quick wealth allowed him to build his dream castle on a hill overlooking Toronto. Completed in 1914 Casa Loma was a blend of the finest European styles in architecture, full of elegance and splendor. Majestic 'medieval' house had towers, stables, gardens, and beautiful rooms filled with art. Unfortunately, owners enjoyed his home for less than ten years. Sir Henry Pellatt's investments were fragile and could not sustain the high cost of Casa Loma. He went further and further into debt. When city of Toronto has raised 20 times the property taxes, Pellatts were forced to auction the art they owned and soon to abandon their castle forever.