In a report published by the CP24 website about the real estate market, it was stated that sales of ultra-luxury homes in the Greater Toronto Area (GTA) witnessed significant growth during the first half of 2025, despite the ongoing "chaos" that has become the most prominent feature of the city's real estate market.

Data issued by Sotheby’s International Realty Canada showed that sales of properties worth more than 4 million dollars increased by 29% compared to the same period last year. At the same time, sales of homes priced over 10 million dollars recorded a larger increase of 40%.

According to the report, this expansion in the luxury home market indicates the continued strong demand from financially affluent buyers, both from within Canada and from international investors, despite the overall decline in sales across various real estate segments due to rising interest rates and decreased purchasing power.

Dona Pennington, the company's President and CEO, said that "chaos has become the new normal in the Toronto real estate market," explaining that the shortage of supply and rising borrowing costs continue to pressure traditional buyer segments, while the luxury home market remains less affected by these factors.

The report pointed out that part of this momentum is due to increased competition among international buyers wishing to secure long-term valuable real estate assets in Canada's major cities.