In Canada, luxury real estate market trends revealed varied dynamics across provinces, reflecting both regional preferences and broader economic factors. For instance, Vancouver’s luxury single-family homes listed at CAD 4,188,608 but sold for CAD 3,309,750. As a result, this placed Vancouver in a buyer’s market with a low sales ratio of 5.5%. Similarly, Whistler’s high-end properties, with an average list price of CAD 5,511,583, struggled with a sales ratio of 1.3%. Therefore, this reinforced its status as a buyer’s market. On the other hand, Calgary demonstrated a strong seller’s market. Homes listed at an average of CAD 1,121,475 sold for CAD 949,773. Homes spent only 17 days on the market and had a strong sales ratio of 51.8%. Meanwhile, Ontario’s Greater Toronto Area (GTA) showed mixed results. For example, Durham’s single-family luxury homes had an average sold price of CAD 1,549,563, which maintained a balanced market. In contrast, York experienced a seller’s market, with homes selling at CAD 1,922,792 and a sales ratio of 21%.