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Or sign-in if you have an account.Luxury home sales in Edmonton rose 47.7 per cent in the first four months of this year. Photo by David BloomSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorToronto and Vancouver have been typically Canada’s hot beds for luxury real estate, but other markets are now feeling the heat.Sales in the luxury markets — defined differently for each city — in Calgary, Edmonton, Saskatoon and Ottawa have each grown more than 10 per cent between Jan. 1 and April 30 compared to the same time frame in 2025, according to a Re/Max Canada report.Meanwhile, sales in Vancouver, Hamilton, the Greater Toronto Area, the Island of Montreal and St. John’s, N.L., have each declined by more than 10 per cent.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try again“Luxury is no longer defined solely by Canada’s largest urban centres,” Don Kottick, president of Re/Max Canada, said in a news release. “Smaller and mid-sized markets are experiencing increasing or stable conditions at the higher end of the luxury segment, largely supported by economic diversification, population growth and continued demand for lifestyle-oriented properties. Meanwhile, in the country’s largest and more expensive markets, uncertainty has prompted affluent buyers to take a more measured approach.”A particular bright spot for the market is in Edmonton, where luxury is defined as a home sold for $1.5 million or more. The region had 65 such sales in the first four months of the year, good enough for a year-over-year growth of 47.7 per cent.In Saskatoon — where luxury consists of homes sold for $900,000 or more — sales were up 27.3 per cent.On the other end, Hamilton was the biggest loser, with luxury home sales — $1.2 million or more — down 20.9 per cent.Sales fell 19.8 per cent in Vancouver and 16.9 per cent in Toronto, where luxury homes are defined by those that sold for $3 million or more.Re/Max said luxury has been strongest at lower price points, allowing more buyer activity, and in regions with a diversified job market and strong interprovincial migration.“We’re seeing a rebalance of luxury spending, not a decline overall,” Kotick said. “Canada’s luxury market is becoming more dynamic and more regional, focusing less on where wealth has been historically concentrated and more on where buyers see value and long-term opportunity.”Home sales across Canada climbed 5.5 per cent in May, its strongest month-over-month increase of the year, though sales were down year over year, according to the Canadian Real Estate Association (CREA).“The national sales increase from April to May was broad-based but driven disproportionately by Ontario, suggesting the HST rebate on new builds may have only briefly drawn the attention of buyers away from the existing home market,” CREA senior economist Shaun Cathcart said.With files from Shantaé CampbellSign up here to get Posthaste delivered straight to your inbox.SpaceX has only been publicly trading for a few days, but it is already close to surpassing both Amazon.com Inc. and Microsoft Corp. in terms of market capitalization.Shares climbed as much as 17 per cent on Tuesday, pushing the rocket company’s market value to nearly US$3 trillion.The move puts its value about US$300 billion higher than Amazon’s and US$20 billion higher than Microsoft’s.Final day of G7 summit in France2:00 p.m.: U.S. Federal Reserve interest rate announcement and summary of economic projectionsToday’s Data: New housing price index for June, U.S. retail sales for May, U.S. pending home sales for MayToday’s earnings: CarMax Inc., Korn Ferry, NorthStar Gaming Holdings Inc.While Elon Musk — the world’s first trillionaire — is often maligned for his outspoken nature and political views, there is a lot the public can learn from him, writes columnist Kim Moody. 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Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.Today’s Posthaste was written by Ben Cousins with additional reporting from Financial Post staff and Bloomberg.Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com.Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.