A new report from REMAX Canada shows that luxury housing sales are rising across smaller and mid-sized Canadian markets, as demand broadens beyond traditional high-end hubs like Toronto and Vancouver.
Report Highlights
The 2026 Spring/Summer Spotlight on Luxury Report, released June 17, 2026, reveals that while Toronto and Vancouver still account for a significant portion of luxury transactions, increased activity was observed in Calgary, Edmonton, Saskatoon, Winnipeg, London–St. Thomas, Ottawa and Halifax–Dartmouth.
Edmonton posted the largest year-over-year increase in luxury sales activity at 47.7 per cent, followed by Saskatoon at 27.3 per cent, Ottawa at 17.5 per cent, and Calgary at 13.5 per cent. These figures underscore the growing role secondary markets are playing in Canada's luxury housing landscape.
Key Drivers
According to Don Kottick, President of REMAX Canada, luxury is no longer defined solely by the country's largest urban centres. Smaller and mid-sized markets are experiencing increasing or stable conditions at the higher end of the luxury segment, supported by economic diversification, population growth, and continued demand for lifestyle-oriented properties.
In contrast, uncertainty in larger, more expensive markets has prompted affluent buyers to take a more measured approach.
Additional Trends
- Entry-level luxury demand: Strongest at lower price points in Calgary, Edmonton, Ottawa, Halifax and London, where inventory turns quickly.
- Diversified economies: Regions with diverse employment bases, such as Calgary, Edmonton, Ottawa, London and Winnipeg, show stronger luxury market performance, supported by government, technology, advanced manufacturing, logistics and energy sectors.
- Migration impact: Interprovincial movers and expanding buyer pools in Calgary, Saskatoon, Ottawa and Niagara are reshaping luxury demand.
- Lifestyle preferences: Buyers in Halifax, Niagara, Edmonton and Ottawa show strong interest in waterfront, acreage and estate-style properties.
- Value focus: Luxury buyers are more selective, gravitating toward turnkey and well-renovated properties in Vancouver, London, Winnipeg and Montreal, while high-priced listings take longer to sell.
The report examined luxury housing trends in 12 major Canadian markets between January 1 and April 30, 2026, compared with the same period in 2025.
