The company, which overseas real estate agents throughout the country, said despite some improvement in the housing sector this fall, sales in most markets are unlikely to return to the brisk pace seen late last year.
Re/Max said the threat of higher interest rates, stricter mortgage regulations and new harmonized sales taxes in Ontario and British Columbia - elements commonly cited for recent sluggishness in residential real estate - had just a "nominal impact" on the housing market.
"Economic uncertainty played a much greater role on softer housing conditions over the summer months," the company said in a statement.
But despite slower overall sales in recent months, Re/Max said demand remained high for luxury homes. It said sales of "upper end" homes were up at least 20 year cent, year-to-date, as of August in all the 19 major markets it tracks.
For this period, Re/Max said home sales are up in more than half the markets, and prices have risen in all. The highest average home prices were seen in Vancouver ($667,227), Toronto ($430,055) and Victoria ($495,993).
By Derek Abma, Financial Post
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