The global luxury market, faced with rapid changes in consumer demographics, economic power, and digital transformation, is increasingly turning toward Canada and China as pivotal international anchor markets in 2025 .
Industry analysts and executives agree that Canada represents a significant opportunity for global luxury brands looking to expand by opening stores in a market with room for further growth, while China continues to dominate the luxury scene, accounting for nearly half of global luxury sales by
2025. Rising Affluence and Urban Expansion Canada’s luxury market is attracting headline brands like Loewe, Maison Margiela, Chaumet, and Miu Miu , drawn by robust growth in wealthy urban centers such as Toronto and Vancouver .
Canada features a growing population of affluent residents, a growing number of Chinese residents, students, and tourists—all fueling expansions of luxury brands into the country.
Toronto’s Yorkdale Shopping Centre , now generating billions in annual sales, stands out as a North American leader—offering retail destinations that cluster world-class attractions, fine dining, and unique anchors like Holt Renfrew and Harry Rosen within close proximity to luxury hotels and cultural amenities.
Meanwhile, in China , luxury brands are recalibrating to engage increasingly discerning consumers in high-growth metropolitan hubs such as Shanghai, Beijing, Chengdu, and Shenzhen . China’s luxury market rebounded from pandemic lows and is projected to reach a billion in 2025…
