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Shifting Focus: Single Family Home Sales Drive Canada s Luxury Market as Consumer Demand Evolves | Region

2023 Third Quarter Highlights

Mount royalBritish columbiaDon kottickAmber coyleSotheby international realty canadaListings serviceListing servicesQuebec professional association of real estate brokersSotheby international realty canada topGreater toronto areaInternational realty canadaTop tier real estateLuxury reportInternational realtyMultiple listing servicesVancouver west

Luxury real estate sales down 35% in the Greater Toronto Area, says Sotheby s report

Luxury real estate sales down 35% in the Greater Toronto Area, says Sotheby s report
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A New Era of Diversity for Canada s Luxury Real Estate Market as Performance Diverges Across Major Cities

Vancouver ultra-luxury market rebounds, while competition stiffens in Toronto; luxury demand intensifies in buoyant Calgary market, as Montreal market moderates

British columbiaUnited kingdomNew yorkUnited statesMount royalAmber coyleJake edmistonKevin carmichaelGabriel friedmanDon kottickQuebec professional association of real estate brokersDemographia international housing affordabilitySotheby international realty canadaListings servicesPostmedia network incListings service

Low inventory a challenge for Canada s luxury real estate market

Calgary’s luxury sales are declining, yet the segment s relative affordability in Calgary is generating steady interest.

British columbiaJoel schlesingerDon kottickRachelle starnesSotheby international realty canadaCalgary heraldTop tier real estateInternational realty canadaInternational realtyColdwell banker complete realGreater toronto areaRocky viewElbow valley

Low supply is a bigger headwind for luxury homes than demand

Out-of-town buyers from pricier cities see dollars go further in Edmonton’s high-end market.

United statesBritish columbiaUnited kingdomDon kottickDron dicksonJoel schlesingerGreg southam postmediaSotheby international realty canadaEdmonton journalRealtors association of edmontonGreg southamInternational realtyTop tier real estateBritish columbian