In the Greater Toronto Area, the definition of “luxury real estate” has always been a moving target. Prices have climbed, stabilized, and climbed again, but the expectations of buyers in the $1.5-million to $4-million bracket remain constant: they want a home that feels curated, modern, and investment-smart. And in a high-interest environment like today’s, homeowners who want to elevate their space are making one crucial shift—they’re thinking strategically about financing.