Bear in mind Peter that we can't see it, and beauty (and value) is in the eye of the beholder. As is the state of its mechanical condition.
So with that caveat, that isn't totally outrageous $$, and the values have been sneaking up, and they might be rarer (much rarer ?) in Canada than elsewhere. Someone in the USA was discussing this the other day, and they are uncommon there too. Buying and bringing one back home will probably cost you all of that anyway.
Now, something else to watch though is that almost all 16H's on the planet are ex-military bikes, genuine civvy bikes from back in that era are decidedly less common. Whether that affects value much is difficult to say, although you could barely restore a civvy bike to a brilliant standard for that price (?), and a military bike would probably cost equally as much to pretty up The numerous WW2 16H's were based on the 1937 civilian bike, and the 1938 etc bikes were slightly different.
I haven't actually ridden a 16H, but something very similar in company with 16Hs, and you have to have the mindset that these are not going to break any speed records, and cannot really be cruised on the motorways or interstates, circa 55 mph is probably the practical limit, with a smidgin in reserve. If you have backroads they can be used on, with like minded owners, then they are great fun, and a nice time machine. The Model 16 itself dates back to 1911, and the 16H and 16C (Home market and Colonial models) diverged ~1921, so they have a well proved pedigree !!
Rohan much appreciated this is a nicely restored 16H restored by a very reputable Canadian restorer . It is in nice running condition . It is a WD model and restored as such. I own a couple of pre unit triumph twins so won't be too worried by the limitations of the 16H . I typically restore my own bikes so the price seemed high tome but know from experience the owner has more than that in it . I appreciate yur insights . Peter 1963 Triumph TR6 1956 Triumph TR6