Engel & Völkers’ 2025 Mid-Year Luxury Real Estate Market Report highlights trends for residential properties over $1 million in Halifax, Montréal, Ottawa, Toronto, and Vancouver.
Informed by both market data and on-the-ground insights from affiliated Engel & Völkers advisors across Canada, this report offers a comprehensive look at the trends shaping luxury real estate in the first half of the year.
Discover where the market is holding steady, where it’s shifting, and what’s next for the second half of 2025.
In Halifax, the number of units sold priced between $1 million and $1.99 million in the first half of 2025 increased by 9.2% compared to the same period in 2024.
In Montréal, sales of homes over $4 million jumped 69% in 2025’s first half compared to the same period last year, signaling a strong rebound.
In Ottawa, properties priced between $1 million and $1.99 million accounted for 10.8% of all real estate transactions in the first half of 2025 – up from 8.6% in 2024.
In Toronto, ultra-luxury home prices surged by $1 million in 2025’s first half, averaging $14.8 million in the $10 million+ segment.
In Vancouver, June detached sales grew by 4% year-over-year in the $1 million–$1.99 million segment, showing signs of renewed activity.
ACCESS THE FULL REPORT HERE.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.