The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.
February’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
In this report, we review some forecasted luxury real estate trends for 2021.
We review what experts are anticipating as being long term trends, both new and unexpected, as well as some differing opinions.
The trends analyzed range from the work/lifestyle balance and priority changes in lifestyle requirements to home purchases that are bucking expectations.
We also investigate the external factors that have become an integral part of why there is such a strong buyer demand — and whether this is sustainable in 2021.
Home décor and design trends are reviewed as the events of 2020 have changed the collective view on the necessities required in a home.
Discover the impacts of working and playing from home, how aesthetics are influenced by virtual meetings, and how old spaces are being reinvented.
Just as important is the need to find refuge in the home. It no longer simply serves just as a showcase for entertainment. Rather, home furnishings and décor are also being integrated to offer a place of welcome refuge.
Finally, we touch on how residential developers are pivoting to meet the new demands from their luxury buyers.
For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a luxury real estate professional who can provide you with critical knowledge about your local market, maintain a high level of security and safety during the process, and who knows how to leverage technology and strategies to provide maximum exposure and assistance.Get exclusive insights into the upper-tier real estate market at one of The Institute for Luxury Home Marketing’s live or online training sessions. Enroll today!