Is “luxury” in real estate just a buzzword? According to a recent report, the definition is evolving, shaped by policy, design, and shifting buyer preferences. In the GTA, a $3 million home might be considered “entry-level luxury” due to new land transfer taxes, while true luxury focuses on architectural integrity, wellness features, and privacy. The ultra-luxury segment remains strong, driven by intergenerational wealth, while other markets like Ottawa and Halifax are gaining traction by offering more value for money. Discover how the GTA luxury market is changing and what buyers are prioritizing in 2026. Read the full article on Storeys.com to delve deeper into these trends.
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