Client, Calgary, AB

Sales of ultra-luxury homes worth more than $10 million in the Greater Toronto Area are up 200 per cent for the first half of this year compared to the same period last year, according to a new report from Sotheby's International Realty Canada.

A report by the Royal Bank of Canada released Monday said local real estate boards have indicated that home resales picked up in some Canadian markets in May.

High demand for high-end homes in Calgary is expected to continue in 2025, following a year of growth outpacing all other major Canadian cities.

Canada is the latest country to implement a ban on foreign buyers. But it's a drop in the bucket, experts say.

Home prices in Canada - a destination favoured by Hongkongers - are likely to decline this year as Ottawa implements a two-year ban on most foreigners buying homes. The proscription won't have an impact, say analysts.