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uxury real‑estate activity in the Greater Toronto Area slipped in Q3 2025, yet a handful of long‑standing neighbourhoods bucked the trend with heightened demand from affluent buyers. Sales of homes priced at $3 million and above dropped roughly 15 % from the same period in 2024, according to Wahi data. Between July and September, 321 luxury properties changed hands on the resale market—down from 376 in Q3 2024 and a 17 % decline from Q2 2025’s 388 sales. “High‑budget buyers are still cautious and often stay on the sidelines,” noted Wahi economist Ryan McLaughlin.

    Despite the overall slowdown, Toronto remained the epicentre of luxury transactions. Of the 22 GTA neighbourhoods that recorded at least five luxury sales in Q3, 14 were within the city limits. Eight neighbourhoods that had at least five luxury deals in both Q3 2024 and Q3 2025 saw increased activity in the $3 million‑plus bracket: Ledbury Park, Lawrence Park, Rosedale, Forest Hill, the Beach, Yorkville, Willowdale, and West Oakville in Halton.

    Price and volume leaders emerged from this data set. Yorkville stood out as the most expensive luxury market in the GTA, with a median price of $6.25 million among the nine homes sold during the quarter. Casa Loma was the only other area where the median luxury price exceeded $5 million, at $5.3 million. In terms of volume, York Mills topped the list with 18 luxury sales above $3 million—matching last year’s figure. Eastlake, a waterfront enclave known for custom luxury homes, recorded 17 sales, down from 19 in Q3 2024. Old Oakville saw 16 sales, a drop from 26 a year earlier. Eastlake has frequently appeared among the top five most underbid neighbourhoods in Wahi’s monthly Market Pulse reports, remaining underbid for eight consecutive months in 2024.

    The findings underscore that established, centrally located neighbourhoods continue to attract well‑heeled buyers willing to transact at the $3 million-plus threshold.