My parents spent a lot on their Expedition back in 2000 (>100K inflation adjusted to 2023 dollars), but they've gotten 23 years out of it so far, so TCO hasn't been too bad. You have to remember that everything is more expensive in Canada and all the large SUV's are in this price bracket now.
Given how short cottage season is up here, a small yacht would be a hard sell. Dad will be able to use a new vehicle year round, but we just opened the cottage last weekend and the good weather is really only 3-4 months and he doesn't get off on touring the lakes, he likes to relax, working around the cottage, picking at projects and maintenance stuff and generally just enjoying himself. We do take the odd evening cruise, but even the ski boat is sufficient for that.