The priorities of international buyers in the luxury segment have fundamentally changed. This is revealed in our report, produced in collaboration with Henley & Partners and drawing on observations from our global Private Office network: 160 experienced advisors from 21 countries who understand the motivations that shape real estate decisions at the highest level today.

ACCESS THE FULL REPORT HERE

Canada’s luxury housing market in 2025 became more selective and region-driven, with buyers prioritizing value, lifestyle, and long-term stability over speed. Explores how different markets across the country diverged, why prices held steady despite shifting sales, and what these trends mean for homebuyers and sellers heading into 2026.

ACCESS THE FULL REPORT HERE

Engel & Völkers’ 2025 Mid-Year Luxury Real Estate Market Report highlights trends for residential properties over $1 million in Halifax, Montréal, Ottawa, Toronto, and Vancouver.

Informed by both market data and on-the-ground insights from affiliated Engel & Völkers advisors across Canada, this report offers a comprehensive look at the trends shaping luxury real estate in the first half of the year.

Discover where the market is holding steady, where it’s shifting, and what’s next for the second half of 2025.

In Halifax, the number of units sold priced between $1 million and $1.99 million in the first half of 2025 increased by 9.2% compared to the same period in 2024.

In Montréal, sales of homes over $4 million jumped 69% in 2025’s first half compared to the same period last year, signaling a strong rebound.

In Ottawa, properties priced between $1 million and $1.99 million accounted for 10.8% of all real estate transactions in the first half of 2025 – up from 8.6% in 2024.

In Toronto, ultra-luxury home prices surged by $1 million in 2025’s first half, averaging $14.8 million in the $10 million+ segment.

In Vancouver, June detached sales grew by 4% year-over-year in the $1 million–$1.99 million segment, showing signs of renewed activity. 

ACCESS THE FULL REPORT HERE.

Engel & Völkers’ 2024 Year-End Luxury Real Estate Market Report highlights trends for residential properties over $1 million in Halifax, Montréal, Ottawa, Toronto, and Vancouver.

Following five consecutive interest rate cuts, a surge in spring 2025 listings is expected to temporarily pressure prices downward before they stabilize and trend upward as demand absorbs the inventory. October 2024 marked a turning point, with increased unit sales signaling recovery from post-COVID stagnation.

First-time buyers are driving renewed activity, supported by government incentives and the higher $1.5 million insured mortgage cap. While condos face challenges from oversupply, the sector's recovery depends on competition in the detached market. Stalled developments may lead to future shortages, increasing demand and prices. Meanwhile, Canada’s $9 million investment in skilled trades aims to integrate 1,500 internationally trained professionals, bolstering construction and supporting market growth.

Engel & Völkers’ 2024 Year-End Canadian Luxury Market Report