Gee, I wonder might have happened to cause this...
And someone might want to ask Daisy why global economic uncertainty doesn't seem to have impacted Calgary or Montreal.
Vancouver luxury home sales plummet amid economic uncertainty
Residential sales over $4M dropped by half compared to the first half of last year.
Daisy Xiong
about 6 hours ago
The City of Vancouver’s luxury housing market has taken a hit amid economic and geopolitical uncertainty, according to a new report.
Sales of residential properties priced at $4 million and above in the first half of 2025 fell by 51 per cent compared with the same period last year—the steepest decline among Canada’s major cities, according to a Wednesday report from Sotheby’s International Realty Canada.
The luxury real estate brokerage recorded only two transactions above $10 million, down from seven during the first half of 2024. Sales of properties priced over $1 million also declined, dropping 26 per cent during this time...
....Toronto’s luxury market also contracted sharply, with a 23 per cent year-over-year drop in sales of homes over $4 million and a 13 per cent decline in sales of homes over $1 million.
Meanwhile, Montreal and Calgary saw gains in these segments, with sales of homes over $4 million rising by 22 per cent and 43 per cent, respectively, and sales over $1 million up by 26 per cent and three per cent....
https://www.biv.com/news/real-estate/van...ummet-amid-economic-uncertainty-10947692
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