Article content If Edmonton realtor Jeremy Amyotte has a message for buyers in the city’s luxury market, it’s that their dollar goes go further. That said, it’s not just about the dollars. “There certainly is an advantage for buyers in resale not only because they get a better deal; they are also not going through the stresses of building,” says Amyotte, a realtor specializing in luxury home sales in Edmonton, and president of Amyotte Real Estate.
The $1-million-plus segment in the city is having a moment, too. In September, for example, sales were up 51 per cent compared to the same month last year, he says, citing Multiple Listing Service data . That would place the city as one of the fastest growing luxury markets in Canada, based on the recent Sotheby’s International Realty Canada Top-Tier Real Estate: Fall 2024 State of Luxury Report .
“Alberta as a whole has seen elevated activity for the last little while across the entire market,” says Don Kottick, president and chief executive officer of Sotheby’s International Real Estate Canada, based in Toronto. Calgary remains among the leaders for luxury sales growth in the province and nationally, the report highlights. It found sales for homes were up 15 per cent in September from the same month in 2023.
Montreal was the leading city in the report for percentage sales growth, surging 83 per cent for homes priced $1 million or more in September. That’s in contrast to Toronto where sales grew about nine per c.