Prairie and capital region strength
The Prairie provinces were among the standout performers. Prairie markets benefited from stronger provincial economies, population growth and interprovincial migration, while Ottawa was supported by government, technology and executive demand. In Atlantic Canada, Halifax continued to attract buyers drawn by lifestyle considerations and ongoing population inflows.
The report noted that activity remains most concentrated at entry-level luxury price points – properties priced at $1.5 million and above in several markets. Buyers are favouring move-in-ready, well-renovated homes and properties offering privacy, acreage, or access to waterfront and estate-style settings. Listings at higher price thresholds are taking longer to sell across all markets.
Advisors supporting clients in these growing markets may also find relevant context through Wealth Professional‘s coverage of how Canadian wealth management firms are defining success in a high-net-worth practice, particularly as client assets diversify geographically.
Caution persists in major centres
RE/MAX said buyers in the country’s most expensive markets remain more cautious amid economic uncertainty, evolving tax policies and broader questions about Canada’s longer-term economic outlook.
Kottick described the broader dynamic as a rebalancing rather than a retreat. “Canada’s luxury market is becoming more dynamic and more regional, focusing less on where wealth has been historically concentrated and more on where buyers see value and long-term opportunity,” he said.