Canada Luxury Real Estate Market Report
The REMAX® 2026 Fall/Winter Spotlight on Luxury Report is here, with an updated look at Canada's high‑end housing market through the first nine months of 2026.
A Goldilocks market is emerging at the top end, where deals come together when everything is just right.
This edition tracks luxury sales in 13 major Canadian markets from January 1 to September 30, 2026, and reveals a clear regional divide. Smaller and resource-driven markets led growth, while buyers in Canada's largest and priciest centres moved more cautiously.
Most luxury buyers have the means to act, but they're being selective about price, location and quality. When a property checks every box, they're ready to move.
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Year-over-year change in luxury sales, January 1 to September 30, 2026, at each market's luxury price threshold.
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Jump to the Resources ↓Key Takeaways
- 01Seven of 13 markets posted year-over-year gains, five of them in the double digits, while six markets recorded declines.
- 02Regional economic strength is shaping demand. Energy, resources, government and technology are supporting luxury activity in markets like Calgary, Edmonton, Saskatoon, St. John's and Ottawa.
- 03Ultra-luxury is outperforming in key markets. In the GTA, sales above $7.5 million rose 17.6%, even as overall luxury sales above $3 million fell 9.4%.
- 04Narrowing price gaps are encouraging trade-ups. Softer prices in markets like Toronto, Vancouver, Oakville and London are making it easier for established homeowners to move up.
- 05Rare, exceptional properties are still moving quickly, but buyers and sellers alike need realistic pricing to get deals done.
Download the Infographic
Get the report's key findings at a glance. Share the infographic with clients, add it to your newsletter or bring it to your next luxury listing presentation.
Download the Infographic →as of October 28, 2026
What the Bank of Canada's rate increase could mean
On October 28, after the report's study period, the Bank of Canada raised its policy rate by 25 basis points to 2.5%. Buyers who rely on financing or on the sale of another property may become more cautious heading into 2027.
Some entry-level luxury buyers who secured fixed-rate pre-approvals before the increase have temporary protection through rate holds, which can run 60 to 130 days depending on the lender. As those holds expire, some buyers may be motivated to move sooner.
Put the Report to Work
We've created a suite of resources to help you share these insights with your clients and position yourself as a trusted luxury market expert.
Download & Share Your Regional Graphics
Bring the report home to your market. Download a ready-to-post infographic for each of the 13 markets covered in the report and share the local luxury story with your clients and followers.
Download the Full Report
Get the complete REMAX Canada Fall/Winter 2026 Spotlight on Luxury Report, with market-by-market insights for all 13 markets, to share with clients or bring to your next listing presentation.
Download the Report →
Social Graphics
Download ready-to-post social graphics, including the 2026 Luxury Leaderboard and a trade-up opportunity post, to share the report's key findings on your channels. More graphics are on the way, so check back for new additions.
Download Graphics ↓Whether your market is seeing strong growth, selective buyers or a pricing standoff, these insights can help guide client conversations and show the value of local expertise backed by a national perspective.
