Latest news with #Sotheby'sInternationalRealtyCanada
Ottawa Citizen
6 days ago
- Business
- Ottawa Citizen
Homes: Trade war turmoil not impacting luxury real estate: Sotheby's
A new report from Sotheby's International Realty Canada reveals that while sales of $1 million-plus properties declined by 29 per cent in the first quarter compared to the same period last year, there is room for optimism particularly when it comes to luxury properties. Article content Findings indicate that the 'ultra-luxury market for properties over $10 million stood out as one of the nation's rare real estate strongholds in the first quarter of 2025.' Article content Article content Article content The report also notes that a promising rebound in Canadian real estate early at the start of 2025 was swiftly derailed by rising Canada–U.S. trade tensions, the threat and implementation of tariffs and counter-tariffs, and growing macroeconomic volatility. Article content The good news, according to Dianne Usher, the senior director of talent growth and managing broker in Ontario with Sotheby's, is that the confidence tide may be turning and not only for high-priced homes and condos. Article content 'The reason is, is we're sensing a stability entering the marketplace,' she said. 'Here in Ontario, we've got two elections over and done with, we seem to have some sense of stability coming in terms of our relationship with our greatest ally, and that's boding well for confidence coming back to the spring market.' Article content There is, said Usher, also multiple offers coming in for various properties, which is a good sign. Article content Article content Effi Barak, president of Sotheby's Canadian operation, said that 'Toronto's ultra-luxury single-family home market, particularly in its most prestigious neighbourhoods, remains poised for activity. Article content 'While buyers are increasingly selective — negotiating assertively and prepared to wait for the 'perfect' home – there is underlying strength in this segment. Article content · Calgary's luxury real estate market remains 'well-positioned to withstand tariff threats and economic risks given its growth momentum from 2024. Following a record-setting population boom in 2024 that boosted Calgary's population by 6.14% year-over-year, the city remains positioned for growth in 2025, as the province of Alberta, added 28,496 new residents in the first quarter of 2025 compared to the last quarter of 2024 according to Statistics Canada, the largest net gain of population over other Canadian provinces and territories.'
Toronto Sun
22-05-2025
- Entertainment
- Toronto Sun
Filmmaker Jewison's 'creative space' in Toronto selling for $7.9M
Canadian filmmaker Norman Jewison's home office inside 18 Gloucester Lane which is now up for sale for $7.9 million. Photo by Sotheby's You can live and work in the same creative space as Canadian filmmaker Norman Jewison once did in Toronto for over four decades. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account 18 Gloucester Lane, whose laneway entrance is tucked behind Yonge St., has gone on the market for $7,900,000, according to Sotheby's International Realty Canada, who listed it. 'From within these walls, major cinematic works were developed, produced, and edited,' the listing states. 'The building became an engine of cinematic output that blended Hollywood calibre with Canadian sensibility.' The two-and-a-half bedroom, 10-bath home has a 9,727 sq. ft. living space and a 2,100 sq. ft. lot size. Canadian filmmaker Norman Jewison's 'creative space' for four decades in Toronto, 18 Gloucester Lane, has been listed for sale for $7.9 million. Photo by Sotheby's International Realty Canada 'Built in 1912 and thoughtfully modernized, this five storey buff brick building remains one of Toronto's most evocative landmarks, offering discretion, provenance and unmatched centrality,' the listing states. This advertisement has not loaded yet, but your article continues below. 'Behind its timeless façade lies over 9,700 square feet of space, scaled and grounded by heritage character – arched windows, exposed brick and beam, and expansive industrial proportions.' RECOMMENDED VIDEO The building is fully leased to professional tenants across the lower four floors, 'but the private fifth floor penthouse residence is layered with cinematic soul and vintage warmth. Natural light animates the custom millwork, exposed walls and beams. Large windows frame views of Norman Jewison Park, while a dramatic herringbone brick fireplace anchors the central salon. And a concealed staircase leads to a tranquil primary suite above,' says the listing. A brick fireplace dominates the living room of 18 Gloucester Lane, the creative space of Canadian filmmaker Norman Jewison. (Sotheby's International Realty Canada.) Photo by Sotheby's International Canada Located within the Historic Yonge Street Heritage Conservation District, buyers of the building 'could continue it as a boutique investment property, adapt it to a private family office or foundation, a design studio or gallery, or reimagine it as a fully integrated live/work residence,' says the listing. Its annual municipal taxes are $44,480. The Toronto-born Jewison, whose most famous films included In the Heat of the Night, Fiddler On The Roof, and Moonstruck, died in 2024 at the age of 97. Tennis World Sports Toronto Maple Leafs Sunshine Girls
Malaysian Reserve
25-04-2025
- Business
- Malaysian Reserve
REMAX Canada Welcomes Don Kottick as New President
The industry veteran and former President & CEO of Sotheby's International Realty Canada will now oversee the REMAX brand in Canada. DENVER, April 24, 2025 /PRNewswire/ — RE/MAX®, the #1 name in real estate*, today announced Don Kottick, former President & CEO of Sotheby's International Realty Canada, has been named President of REMAX Canada. With over 30 years of excellence in the Canadian real estate industry, Kottick brings a wealth of experience in corporate and franchise development, brokerage management, technology and related services. His first day with REMAX Canada is April 28, 2025. Kottick, who is based in Toronto, will oversee REMAX Canada's operations – providing direction, strategy and support to REMAX Canada affiliates – and work closely with the leaders of the independent RE/MAX Quebec region to amplify the brand nationwide. His leadership will play a crucial part in further strengthening the company's position as a market leader in the country's dynamic real estate sector, where the REMAX brand has more than 25,000 agents in over 970 independently owned and operated offices across all 10 provinces and two territories. 'We are thrilled to welcome Don as the new President of REMAX Canada,' said RE/MAX Holdings, Inc. CEO Erik Carlson. 'His experience, strategic vision and proven success in growing major real estate brands will be invaluable as we continue to lead the way in Canadian market share. REMAX agents sell more real estate than any other Canadian brand, and Don coming on board to lead REMAX Canada will only build on that momentum and track record of success.' The REMAX brand is experiencing an exciting evolution, with an increasing focus on innovation, technology and cutting-edge services that support affiliates in achieving greater success and market dominance. With a commitment to the most productive, trusted professionals in the industry, REMAX Canada is looking to continue expanding its presence nationwide. 'Erik's vision and strong commitment to pushing boundaries and evolving to meet the changing demands of the market is something I deeply believe in and wanted to be a part of,' said Kottick. 'I am excited to join this exceptional team and contribute to the next chapter of growth, increased agent productivity, and innovation for REMAX Canada. I look forward to working alongside the talented REMAX affiliates across the country to capitalize on what the brand is doing to modernize and forge ahead so that buyers, sellers and consumers continue to think of REMAX first.' Before joining REMAX, Kottick held prominent roles such as Executive Vice President of Corporate Development at Peerage Realty Partners, President of Right At Home Realty and senior leadership positions at Royal LePage. Additionally, he has served on the boards of organizations such as the Real Estate Institute of Canada (REIC), the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB). During his tenure at Sotheby's International Realty Canada, the largest International global affiliate for SIR, the company saw great success, doubling its agent count, and seeing sales volume and market share rise to record levels. With a presence in over 110 countries and territories, the REMAX network's global footprint is unmatched by any other real estate brand. As REMAX continues to forge forward, strong leadership at the national level, like Kottick's, aligns with the company's mission to support the most entrepreneurial, self-motivated real estate professionals in the industry. * Source: MMR Strategy Group study of unaided awareness About the REMAX Canada Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. REMAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario–Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit For the latest news from REMAX Canada, please visit Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as 'believe,' 'intend,' 'expect,' 'estimate,' 'plan,' 'outlook,' 'project,' 'anticipate,' 'may,' 'will,' 'would' and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to furthering the company's position as a market leader, innovation and technology, and the company's presence nationwide in Canada. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) the Company's ability to attract and retain quality franchisees, (4) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company's ability to enhance, market, and protect its brands, (7) the Company's ability to implement its technology initiatives, (8) risks related to the Company's leadership transition, (9) fluctuations in foreign currency exchange rates, (10) the nature and amount of the exclusion of charges in future periods when determining Adjusted EBITDA is subject to uncertainty and may not be similar to such charges in prior periods, and (11) those risks and uncertainties described in the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ('SEC') and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
Cision Canada
24-04-2025
- Business
- Cision Canada
REMAX Canada Welcomes Don Kottick as New President
The industry veteran and former President & CEO of Sotheby's International Realty Canada will now oversee the REMAX brand in Canada. DENVER, April 24, 2025 /CNW/ -- RE/MAX ®, the #1 name in real estate*, today announced Don Kottick, former President & CEO of Sotheby's International Realty Canada, has been named President of REMAX Canada. With over 30 years of excellence in the Canadian real estate industry, Kottick brings a wealth of experience in corporate and franchise development, brokerage management, technology and related services. His first day with REMAX Canada is April 28, 2025. Kottick, who is based in Toronto, will oversee REMAX Canada's operations – providing direction, strategy and support to REMAX Canada affiliates – and work closely with the leaders of the independent RE/MAX Quebec region to amplify the brand nationwide. His leadership will play a crucial part in further strengthening the company's position as a market leader in the country's dynamic real estate sector, where the REMAX brand has more than 25,000 agents in over 970 independently owned and operated offices across all 10 provinces and two territories. "We are thrilled to welcome Don as the new President of REMAX Canada," said RE/MAX Holdings, Inc. CEO Erik Carlson. "His experience, strategic vision and proven success in growing major real estate brands will be invaluable as we continue to lead the way in Canadian market share. REMAX agents sell more real estate than any other Canadian brand, and Don coming on board to lead REMAX Canada will only build on that momentum and track record of success." The REMAX brand is experiencing an exciting evolution, with an increasing focus on innovation, technology and cutting-edge services that support affiliates in achieving greater success and market dominance. With a commitment to the most productive, trusted professionals in the industry, REMAX Canada is looking to continue expanding its presence nationwide. "Erik's vision and strong commitment to pushing boundaries and evolving to meet the changing demands of the market is something I deeply believe in and wanted to be a part of," said Kottick. "I am excited to join this exceptional team and contribute to the next chapter of growth, increased agent productivity, and innovation for REMAX Canada. I look forward to working alongside the talented REMAX affiliates across the country to capitalize on what the brand is doing to modernize and forge ahead so that buyers, sellers and consumers continue to think of REMAX first." Before joining REMAX, Kottick held prominent roles such as Executive Vice President of Corporate Development at Peerage Realty Partners, President of Right At Home Realty and senior leadership positions at Royal LePage. Additionally, he has served on the boards of organizations such as the Real Estate Institute of Canada (REIC), the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB). During his tenure at Sotheby's International Realty Canada, the largest International global affiliate for SIR, the company saw great success, doubling its agent count, and seeing sales volume and market share rise to record levels. With a presence in over 110 countries and territories, the REMAX network's global footprint is unmatched by any other real estate brand. As REMAX continues to forge forward, strong leadership at the national level, like Kottick's, aligns with the company's mission to support the most entrepreneurial, self-motivated real estate professionals in the industry. * Source: MMR Strategy Group study of unaided awareness About the REMAX Canada Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. REMAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario-Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals ® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit For the latest news from REMAX Canada, please visit Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "would" and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to furthering the company's position as a market leader, innovation and technology, and the company's presence nationwide in Canada. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) the Company's ability to attract and retain quality franchisees, (4) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company's ability to enhance, market, and protect its brands, (7) the Company's ability to implement its technology initiatives, (8) risks related to the Company's leadership transition, (9) fluctuations in foreign currency exchange rates, (10) the nature and amount of the exclusion of charges in future periods when determining Adjusted EBITDA is subject to uncertainty and may not be similar to such charges in prior periods, and (11) those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
Wall Street Journal
04-04-2025
- Business
- Wall Street Journal
House of the Week: A Wooden Castle in Canada's Great Bear Rainforest
Wolfgang von der Burg, his wife, Gabriele, and son, Philip, were looking for a place where they could all live together when they found 130 acres of land on a peninsula in British Columbia. Over the next 14 years, they built a luxury resort with a handcrafted wooden castle made from hand-selected old-growth red and yellow cedar logs, while also installing power and water. Philip, 40, had been organizing shows and theater events when the family decided to purchase the property in Terrace, which is roughly 824 miles northwest of Vancouver. They were drawn to its natural beauty, says Wolfgang, a medical director and medical scientist, as well as the crystal clear waters of the Skeena River, which winds around the peninsula and is known for salmon and steelhead fishing. They paid $1 million CAN for the land, and built a small cabin on it in 2011. They then spent the next decade and a total of $16.5 million CAN constructing the main house. The Twisted Carrot Entrance, as the owners call it, features three giant twisted Red Cedar trees and a large, straight tree. There are Brazilian Blue Azul granite slab and Black Galaxy granite tile floors throughout and an 11th-century stone fireplace. A forked owl tree with an abandoned owl's nest and an owl carving supports the staircase to the upper living section. The von der Burgs live in the house full time and also use it as a hotel in order to qualify under the province's Entrepreneur Immigration program, which grants residency to international entrepreneurs who set up businesses within British Columbia. They named their estate Little Wolf Resort, charging $850 CAN a night. They are selling the property as a private residence, but it could also be operated as a hotel. While Canada has a ban on foreign ownership of residential property, this property is a hotel so it's exempt from the ban. Americans can buy it, live there and use it as a commercial venture, says Annette Cosens, a real-estate agent at Sotheby's International Realty Canada in Kelowna, British Columbia. Cosens, who has the listing, says she's had a lot of interest from U.S. buyers. 'I think it's the escape value,' she says. Running a hotel has turned out to be more work than they expected, and they want to move on to do other things, says Wolfgang, 78. 'It's a demanding business,' he says. He and Gabriele, 74, want to travel more around the world, while Philip, who isn't married, is interested in returning to working in arts administration, either in Los Angeles or Vancouver. In Terrace, there were 274 properties sold in 2024 worth $120.1 CAN million compared with 2023's 271 properties worth $116.2 million CAN, according to the BC Northern Real Estate Board. Of the 140 single-family homes that changed hands, half sold for less than $519,500 CAN. In addition, 16 parcels of vacant land, 27 homes on acreage, 25 manufactured homes in parks and 17 manufactured homes on land sold in 2024. As of December 31st, there were 121 properties of all types available in the Terrace area, down from the 137 properties available at December 31, 2023. Write to Nancy Keates at
