Markets with diversified employment bases, including Calgary, Edmonton, Ottawa, London and Winnipeg, are seeing sturdier luxury demand thanks to activity across government, technology, advanced manufacturing, logistics and energy sectors, which have helped offset broader economic headwinds.
Interprovincial movers and growing buyer pools in Calgary, Saskatoon, Ottawa and Niagara are widening the pool of purchasers able to compete at the higher end of those markets.
Meanwhile, lifestyle preferences are shaping demand in Halifax, Niagara, Edmonton and Ottawa, where buyers are showing particular interest in waterfront, acreage and estate-style properties as they prioritize space, privacy and location.
In Vancouver, London, Winnipeg and Montreal, purchasers are described as more selective and value-conscious, favouring turnkey or well-renovated homes, while properties at higher price points are taking longer to find buyers.
The full report, including market-by-market breakdowns, is available through REMAX Canada’s website.