What ‘luxury real estate’ listings look like across Canada

What ‘luxury real estate’ listings look like across Canada

Luxurious real estate in Canada might be coming into a buyer’s market in 2023, according to a new report out this week from Sotheby’s International Realty Canada.

The report found that Canada’s luxurious market place cooled in 2022 throughout most big towns amid volatility from high interest charges and other factors, and it predicted more price drops this year as sellers modify prices “to meet up with latest realities.”

Sotheby’s CEO Don Kottick informed BNN Bloomberg that the enterprise defines “luxury” as homes mentioned at $1 million to commence, with houses in excess of $4 million marking yet another group and actual estate valued at more than $10 million regarded as “ultra-luxury,” although there is some variation across the place when it comes to how significantly $1 million can acquire you.

Here’s a glance what far more than $1 million can invest in in Canadian serious estate markets throughout the state:

TORONTO

A Yorkville one particular-bedroom rental for $1.395M

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Picture: Sotheby’s Worldwide Realty Canada

The listing for this “seductive and moody” 1,200-square-foot rental features a wooden-burning fire, hardwood floors, an open principle kitchen area and proximity to dining places and browsing in Toronto’s swanky Yorkville neighbourhood.

Renovated in 2019, the fourth-floor unit in a low-increase condo making also has access to a rooftop terrace.

VANCOUVER

A $2.9M penthouse with town and waterfront sights

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Photograph: Sotheby’s Global Realty Canada

This 3-bedroom penthouse apartment in downtown Vancouver’s Yaletown neighbourhood features ground-to-ceiling windows and views of the waterfront from two of the bedrooms. The property measures at 1,693 sq. feet and contains 569 square ft of outdoor area. The listing notes two parking spots and “miles of seawalk at your doorstep.”

MONTREAL

A detached 5-bed room dwelling for $2.795M close to faculties and parks

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Picture: Residence for Engel & Völkers Montreal

Located in Montreal’s affluent Outremont neighbourhood, the listing for this 3,571.92 sq.-foot household highlights its primary place in “an extraordinary family members neighbourhood” with proximity to the “best educational institutions.”

It was transformed from a duplex into a one-family members house in 2007 and consists of a yard, two dwelling rooms and a property theatre.

CALGARY

A $2.2M single-loved ones dwelling with town sights

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Photograph: Sotheby’s International Realty Canada

This 5-bed room custom-built dwelling in Calgary’s Bridgeland neighbourhood contains a rooftop patio and sizzling tub with a perspective of the city skyline. Out of doors area also includes a yard, balcony, “ample environmentally friendly house and a heated driveway to support reduce down on shovelling time in Calgary’s snowy winters.

HALIFAX

A a few-bedroom heritage residence for $1.195M

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Photograph: Kelly Clark for Engel & Völkers

This 1,926 square-foot listing offers alone as an “elegant heritage property” that’s been restored and updated over the years as an “ongoing labour of adore.” It involves 3 bedrooms, two loos and an place of work, with new plumbing, electrical and shingles, and is situated shut to downtown Halifax, universities and other amenities.