Sothebys International Realty Canada
Vancouver Office: 1672 West 2nd Ave, Vancouver, BC, V6J 1H4
MENU
FIND A HOME SELL YOUR HOME WHY US CONTACT US Blog IA&D Magazine
Home/ Blog /All categories /2012 Canadian Top-Tier Real Estate Report: A Year in Review*

Blog

2012 Canadian Top-Tier Real Estate Report: A Year in Review*

8 January 2013, written by SIRC

In Sotheby’s International Realty Canada’s latest Top-Tier Real Estate Report, 2012 activity reflects promising momentum in luxury residential real estate in the country’s largest urban centres.

Several Canadian markets  finished 2012 with stronger than anticipated growth over 2011. Toronto, Calgary and Montreal all ended 2012 with positive year-over-year sales growth in homes over $1 million. In the latter half of 2012, in light of the Canadian government’s introduction of tighter mortgage rules to promote the long-term stability of the housing and mortgage market, several markets including Vancouver experienced a controlled softening much like conventional real estate.

The bi-annual report, compiled by Sotheby’s International Realty Canada, examines the number of million dollar-plus residential properties sold from January 1, 2011 to December 31, 2012.  The report also highlights new data for the second half of 2012 (July 1 to December 31, 2012) in Vancouver, Calgary, Toronto and Montreal. The report compares the sales volume, number of days on market, inventory of listings and percentage of homes sold over the asking price and is the only Canadian report to provide true luxury market commentary by comparing data for residential properties with values of over $1 million*.

Click here to download the complete Top Tier Real Estate Report (released Jan 2013)

*The information contained in this report references market data from MLS boards across Canada. Sotheby’s International Realty Canada cautions that MLS market data can be useful in establishing trends over time, but does not indicate actual prices in widely divergent neighborhoods or account for price differentials within local markets. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information and analysis presented in this report, no responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this document.



Recent Comments

Comments

  1. [...] BRITISH COLUMBIA–(Marketwire – Jan. 9, 2013) – In a report released today by Sotheby’s International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country’s [...]

  2. [...] VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 9, 2013) – In a report released today by Sotheby’s International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country’s [...]

  3. [...] BRITISH COLUMBIA–(Marketwire – Jan. 9, 2013) – In a report released today by Sotheby’s International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country’s [...]

  4. [...] BRITISH COLUMBIA–(Marketwire – Jan. 9, 2013) – In a report released today by Sotheby’s International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country’s [...]

  5. [...] BRITISH COLUMBIA–(Marketwire – Jan. 9, 2013) – In a report released today by Sotheby’s International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country’s [...]

eNewsletter Sign-up

Sign up for free seasonal updates on the latest trends in real estate and design, plus insider tips on real estate opportunities.

Related News

Victorian Townhouse finds Functional Modernity in Restoration

The logic behind buying an old home with a view to bringing it back to life can sometimes seem a little twisted.

View Article

Architect Guilhem Eustache's Modern Moroccan Home

Dusting the desert terrain just beyond Marrakesh lies an architectural abode that seems to radiate its captivation with Morocco.

View Article

Contemporary Art Pops at Auction

In a digital world where the possibilities presented by technology extend far beyond our working lives, we'll always need room for the two dimensional.

View Article

Endless Summer: Paris Designer Tristan Auer's Escape to Mustique

One of the marks of a great designer is a portfolio that bridges city and countryside, beach and mountain and makes a distinct statement with each.

View Article

Toronto expat  Boyana Popvassilev  made the move to New York City in 2009, where she founded 26 Street Interior Design + Architecture Inc. Having worked with organizations like Case Development Inc. and Barney’s New York, Popvassilev continues to use Manhattan's eclectic culture as a source of inspiration, delighting in the everyday sights and sounds that inform her creative process. Yet, travel always elicits a relationship with rich new ideas, from the classic interiors of Miami yachts to Istanbul’s richly patterned textiles. Along with this, Popvassilev's admiration for historical art methods drew her toward Unica Zürn (1916-1970), a German surrealist writer, photographer and artist who's become a unique source of creative stimulation. With her architecture and interior design agency, Popvassilev showcases her innovative style in a diverse range of spaces, from private homes to corporate offices. Among other projects, she is currently designing the headquarters of Pencils of Promise Inc., a not-for-profit dedicated to equal access to education. Popvassilev’s interiors often combine a number of muted colours - grays, navys, creams, and caramels - with elements that reflect a mid-century modern style, showing her preference for clean lines and texture over fuss and glitz. But Popvassilev was initially drawn to interior design because it allowed her to connect her aesthetic sensibilities with her interest in people. “Interior designers and architects are sociologists as much as producers of design or construction,” says Popvassilev. "I get to see many dynamics with my residential clients: husband and wife dynamics, different ways of raising children; loneliness, expression, money." ### Her initial design process begins with a clear window into how her clients live, work, shop and celebrate, telling attributes that help her to tailor their space to be both practical and picturesque. And so, when working on office spaces, she's observed the changes in modern workplace design through "start-up" culture. What Popvassilev calls "the dorm room" office might require spaces for play, such as a Wii area and wall space designated for employees to display their ideas and inspiration. These elements stimulate creativity and conversation in the workplace. Another way an interior architect's influence on daily office life takes form might be the decision to include a bike room, shower, or dry-cleaning closet; design features that advocate for running or biking to work with details that extend beyond the 9-5. Ultimately, Popvassilev enjoys reinterpreting a wide range of design elements into physical spaces, and collaborating with her clients to design interiors that are both functional and joyful. There’s no formula for creating a successful atmosphere, but Popvassilev’s work with 26 Street Interior Design + Architecture Inc. illustrates an aptitude for producing empathetic spaces that integrate her ever-expanding repertoire of creative influences.

" alt="" />

Profile: NYC's 26 Street Design

Toronto expat  Boyana Popvassilev  made the move to New York City in 2009, where she founded 26 Street Interior Design + Architecture Inc.

View Article