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Growing demand for residential properties has trickled into the upper-end of the Canadian real estate market, with luxury sales posting gains in the first quarter of 2023 over the fourth quarter of 2022 in most major Canadian markets.
The newly released RE/MAX Canada report examined luxury market trends in 15 Canadian cities from coast to coast, and found rapid depletion in housing stock is placing upward pressure on values at lower price points and sparking an uptick in demand. While upper-end sales in Q1 2023 have fallen short of peak levels reached in Q1 2022, activity is on par or ahead of Q4 2022 figures in 10 of the 15 markets surveyed. The ascending pattern is expected to continue into Q2 2023, as both sales and temperatures heat up.
Market-By-Market Highlights
Explore the interactive map on remax.ca and click on each city to discover the local markets insights.
Download the Regional Social Graphics
Share the regional graphics on your channels to help keep your clients and network up to date on the luxury housing market.
Share the Reels on Your Social Channels
See the Report in Action
The report has reached national and regional news coverage. Be sure to watch the live interview of RE/MAX Canada President, Christopher Alexander on CP24 Breakfast.
