REMAX Canada report shows Edmonton, Saskatoon and Ottawa posting strongest year-over-year gains.
Canada's luxury real estate market is no longer concentrated almost exclusively in its two largest cities, according to new research.
The 2026 Spring/Summer Spotlight on Luxury Report from REMAX Canada points to a broader geographic spread in high-end activity during the first four months of 2026. The report tracked luxury housing trends across 12 major Canadian markets between January 1 and April 30, 2026, measured against the same period last year.
While Toronto and Vancouver remain the largest contributors to overall luxury transaction volume, the data shows momentum building elsewhere, with Calgary, Edmonton, Saskatoon, Winnipeg, London-St. Thomas, Ottawa and Halifax-Dartmouth all recording gains in luxury sales activity.
Edmonton led the pack with a 47.7% jump in year-over-year luxury sales, the strongest increase among the markets studied. Saskatoon followed with growth of 27.3%, while Ottawa and Calgary posted increases of 17.5% and 13.5% respectively.
"Luxury is no longer defined solely by Canada's largest urban centres," said Don Kottick, president of REMAX Canada. "Smaller and mid-sized markets are experiencing increasing or stable conditions at the higher end of the luxury segment, largely supported by economic diversification, population growth, and continued demand for lifestyle-oriented properties. Meanwhile, in the country's largest and more expensive markets, uncertainty has prompted affluent buyers to take a more measured approach."
Kottick framed the shift as a redistribution rather than a contraction in overall luxury spending.
"We're seeing a rebalance of luxury spending, not a decline overall," he said. "Canada's luxury market is becoming more dynamic and more regional, focusing less on where wealth has been historically concentrated and more on where buyers see value and long-term opportunity."
Entry-level luxury price points are attracting the heaviest buyer interest in Calgary, Edmonton, Ottawa, Halifax and London, where inventory is moving quickly.
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.
