Canada's luxury home market remains stable as prices hold steady

A report says Canada's luxury home market has become more regionalized and average prices held steady nationwide.

Canada's luxury home market is showing growing regional differences even as national prices remain steady. A recent report links performance to local fundamentals rather than broad trends. Factors named include employment stability, housing supply, investor activity, pricing relative to incomes and lifestyle appeal. The report describes 2025 as a year when buyers shifted from momentum-driven purchases to more deliberate decisions. Key findings: - The luxury market has become more regionalized, with outcomes varying by city and region. - Average luxury home prices held steady across Canada during the period covered. - Sales volumes declined in Toronto and Vancouver. - Activity rose in Ottawa, Montréal and Halifax. - Buyers showed a preference for well-located, turnkey homes over discretionary or opportunistic purchases. Summary: Regional differences mean some cities saw lower sales while others saw gains, yet average prices remained steady. Undetermined at this time.