Canada's luxury housing market in 2025 showed regional divergence: Ottawa, Montréal, and Halifax experienced sales growth and modest price gains, while Toronto and Vancouver saw volume declines but stable prices. Housing starts were strong in several cities except Toronto and Vancouver. Rate cuts in late 2025 boosted buyer interest. In 2026, luxury housing is expected to remain selective and regionally segmented, favoring markets with value, employment, and lifestyle appeal.
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