Hey there, fabulous folks! 🏡✨ Ready to dive into the world of luxurious homes and the trends that might just leave you house-hunting? Our insights are hot off the press from a CMP magazine article dated October 18, 2023.

So, let's spill the tea on what's happening in the luxury housing market!

💰 Money Talks: Despite a bit of a September slump, the luxury housing market still flaunts its resilience. Sotheby's International Realty Canada's head honcho, Don Kottick, tells us that the luxury real estate market had a somewhat slow start to the year but gained momentum in July and August, though it did taper off in September.

🏡 Single vs. Condo: In the third quarter, single-family homes took center stage, while the luxury condo market had a bit of a dip. This was true across many Canadian markets, except for Calgary, where the luxury housing market continued to sizzle. Their luxury condos saw a whopping 106% year-over-year sales increase in September! Talk about living the high life. 😎

🌆 City Spotlight: Vancouver saw a soaring 96% increase in July and August, but then stumbled with a 29% decrease in September. Meanwhile, Montreal had a decent 31% uptick in July and August but only a 4% increase in September. Markets may be unpredictable, but hey, that's what makes this world so exciting, right? 😉

🤝 Buyer's Discernment: Buyers in the luxury housing market are now a bit more choosy. They're not just throwing their money around; they want a home that truly matches their lifestyle. They're on the hunt for homes that are worth every penny and are willing to negotiate. If a property doesn't fit the bill, they're ready to strut away in search of the perfect match. 🕺

💼 Unpredictable Factors: While luxury housing remains a strong contender, it's not invincible. Geopolitical activities and the rising cost of living can still ruffle its feathers. Predicting the future? Well, it's about as predictable as the weather sometimes, says Kottick. ☔

🔮 The Future Awaits: As for what's next, your guess is as good as ours. But one thing is for sure, the luxury housing market is here to stay, and it's one thrilling rollercoaster ride! 🎢

So there you have it, friends, a peek into the glitzy and ever-evolving world of luxury real estate. Stay tuned for more updates on #LuxuryHousingTrends and #RealEstateResilience. 🏠💼📈💪

Feel free to share your thoughts and tag a friend who's dreaming of a luxurious new pad! 💬👫

#VancouverMortgageBroker #NorthVancouverMortgageBroker #WestVancouverMortgageBroker #BurnabyMortgageBroker #CoquitlamMortgageBroker #PortMoodyMortgageBroker #NewWestminsterMortgageBroker #SurreyMortgageBroker #LangleyMortgageBroker #AbbotsfordMortgageBroker #MissionMortgageBroker #MapleRidgeMortgageBroker #PittMeadowsMortgageBroker #ChilliwackMortgageBroker #KelownaMortgageBroker #VernonMortgageBroker #VictoriaMortgageBroker #VancouverIslandMortgageBroker #BestMortgageRates #BestMortgageBroker #HomeSweetHome 🏡🍁