{"id":26253,"date":"2025-08-08T11:11:01","date_gmt":"2025-08-08T18:11:01","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26253"},"modified":"2025-08-07T07:55:26","modified_gmt":"2025-08-07T14:55:26","slug":"canadian-luxury-real-estate-holds-ground-toronto-montreal-markets-momentum-continues","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/08\/canadian-luxury-real-estate-holds-ground-toronto-montreal-markets-momentum-continues\/","title":{"rendered":"Canadian Luxury Real Estate Holds Ground, Toronto &#038; Montreal Markets Momentum Continues"},"content":{"rendered":"<p style=\"text-align: justify;\">The first half of 2025 revealed contrasts within Canada\u2019s high-end housing market, as luxury and ultra-luxury segments responded differently to current real estate and macroeconomic factors. According to Sotheby\u2019s International Realty Canada\u2019s Top-Tier Real Estate: 2025 Mid-Year State of Luxury Report, while national consumer confidence reached record lows amid escalating Canada\u2013U.S. trade tensions and mounting uncertainty, select premium markets demonstrated unexpected resilience, particularly in the ultra-luxury tier.<\/p>\n<p style=\"text-align: justify;\"><strong>Market Divergence Amid National Volatility<\/strong><\/p>\n<p style=\"text-align: justify;\">Nationally, luxury real estate, typically defined by properties priced over $1 million, experienced a drop in activity. High housing costs in Toronto and Vancouver, combined with global volatility and sluggish employment growth, suppressed sales and dampened sentiment. Nonetheless, key markets like Montreal, Calgary, and ultra-luxury pockets in Toronto remained comparatively strong performers.<\/p>\n<p style=\"text-align: justify;\"><strong>Greater Toronto Area : Ultra-Luxury Gains Buck Trends<\/strong><\/p>\n<p style=\"text-align: justify;\">Despite a 23% decline in sales over $1 million and a 28% drop in properties sold over $4 million in the GTA during the first half of 2025, the ultra-luxury market, defined as including properties over $10 million) surged. Twelve properties sold above this threshold, or triple the number from the same period in 2024, all involving single-family homes. Within the City of Toronto itself, seven properties over $10 million sold on MLS, more than double last year\u2019s figure.<\/p>\n<p style=\"text-align: justify;\">However, the actual number of ultra-luxury properties sold may be even higher; Sotheby\u2019s experts also reported increased ultra-luxury sales occurring off-market, reflecting both privacy concerns and confidence among ultra-high-net-worth buyers. Single-family homes accounted for 88% of all GTA luxury sales over $4 million.<\/p>\n<p style=\"text-align: justify;\"><strong>Montreal : Market Momentum Continues<\/strong><\/p>\n<p style=\"text-align: justify;\">Montreal emerged as one of the most stable luxury markets nationwide. Residential sales over $1 million rose 26% year-over-year, while those over $4 million climbed 22%. Detached homes accounted for 42% of luxury sales, with a 67% jump in single-family sales over $4 million. The city\u2019s benchmark home price, meanwhile, remains accessible relative to Toronto and Vancouver, and declining interest rates released pent-up demand.<\/p>\n<p style=\"text-align: justify;\"><strong>Calgary : Steady Growth<\/strong><\/p>\n<p style=\"text-align: justify;\">Calgary\u2019s luxury market continued its steady ascent. While sales above $1 million rose modestly by 3%, transactions over $4 million jumped 43% year-over-year.<\/p>\n<p style=\"text-align: justify;\"><strong>Vancouver : Decreasing Activity in The High-End Market<\/strong><\/p>\n<p style=\"text-align: justify;\">Vancouver\u2019s luxury sector continued to underperform, however. According to Sotheby\u2019s, luxury home sales over $4 million fell 51% year-over-year. Only two ultra-luxury homes sold in the first half of 2025, down from seven in 2024. Despite stabilizing rates, Vancouver\u2019s extreme housing prices and deteriorating buyer confidence entrenched buyer\u2019s market conditions.<\/p>\n<p><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/canadian-luxury-housing-07-2025\/\" target=\"_blank\" rel=\"noopener\">Canadian Luxury Housing Holds Ground in 2025, with Toronto\u2019s Ultra-Luxury Market Leading by Joanna Gerber | Canadian Real Estate Wealth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first half of 2025 revealed contrasts within Canada\u2019s high-end housing market, as luxury and ultra-luxury segments responded differently to current real estate and macroeconomic factors. According to Sotheby\u2019s International &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/08\/canadian-luxury-real-estate-holds-ground-toronto-montreal-markets-momentum-continues\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-26253","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Luxury Real Estate Holds Ground, Toronto &amp; Montreal Markets Momentum Continues &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/08\/canadian-luxury-real-estate-holds-ground-toronto-montreal-markets-momentum-continues\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadian Luxury Real Estate Holds Ground, Toronto &amp; Montreal Markets Momentum Continues &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The first half of 2025 revealed contrasts within Canada\u2019s high-end housing market, as luxury and ultra-luxury segments responded differently to current real estate and macroeconomic factors. 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