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2026 Sotheby’s Luxury Outlook Report

Posted by Steven Hill on Jan 07, 2026

Market Updates, January 7 2026 I am pleased to present the Sotheby’s International Realty® brand’s 2026 ...

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From an early-1900s artist seeking an oasis for inspiration to today’s global citizen in search of a pied-à-terre, hotel residences remain top of the list for a chic luxury lifestyle.

In 1954, Ernest Hemingway took up residence in Venice’s famed Gritti Palace, the hotel where, several years earlier, he had written parts of his novel Across the River and into the Trees. This time, Hemingway was recovering from a plane crash that occurred while he was on safari in Africa. According to legend, the writer’s convalescence involved copious champagne and indoor baseball, played with a tightly rolled woollen sock in his much-coveted corner suite. When a window was smashed in the room, Gritti Palace management gave Hemingway a 10-percent discount on his bill, on the basis that no one had ever before played baseball in the 300-year-old hotel.

Hemingway’s Gritti residency is just one story in the long, sometimes glamorous history of living large at landmark hotels. A hotel residence can offer an oasis for creativity in the midst of a bustling urban hub, like when Claude Monet painted the Thames from his suite’s window as the artist-in-residence at The Savoy in London. Irish actor Richard Harris also kept a suite at The Savoy for many years until his death, at age 72. “If you’re paying the mortgage on a home, you can’t ask the bank manager to fetch you a pint,” Harris purportedly once declared.

A hotel residence can also provide a refuge, as it did for the reclusive Howard Hughes, who hid out at The Beverly Hills Hotel’s Bungalow 4 after he was in a near-fatal plane crash in 1946. Or it can provide a high-profile perch for holding court, as was the case for Coco Chanel, who moved into the Ritz Paris in 1937, in a suite designed to her specific tastes for the better part of three decades.

Having an address at an ideal location and eliminating many of the quotidian cares of conventional home ownership are both central to the allure of establishing oneself in a fine hotel. Though hotel living goes back centuries, starting in the early 20th century, a new generation of “palace hotels” helped turned the practice into an art. “At palace hotels, the truly wealthy enjoyed perfected personal service, superior dining, sociability as well as privacy, physical luxury and instant status — all at a cost lower than keeping a mansion or large house,” writes Paul Groth in Living Downtown: The History of Residential Hotels in the United States, published in 1999. Hotel life, he says, “eliminated the routine responsibilities of managing a large house and garden, devising details for the constant round of dinner parties and elaborate family meals, and supervising an often unruly staff of servants.”

The allure continues — a new generation of purpose-built hotel-style residences has been blurring the line between conventional home ownership and hotel living. At Four Seasons Private Residences Montreal, scheduled to open in late 2018, 18 private residences will occupy the top four floors of the 18-storey, 163-room five-star hotel development, offering residential owners the best aspects of hospitality and home ownership.

“Residents could stay in a hotel but choose a condominium because they can furnish it [the way] they [want to], and it is more permanent,” says J. Allen Smith, president and chief executive officer of Four Seasons, a Canadian-based company with some 60 years of experience in hospitality — 30 in residential property management — and with properties all over the world. “For many people, it’s the amenities that are compelling — the opportunity to access the same services associated with the hotel.”

That said, residential owners often want access on their own terms, separate and more private than what’s available to hotel guests. Those who buy into the Four Seasons Private Residences Montreal will have their own entrance, managers, and concierge and valet services and can enjoy hotel amenities like the fitness centre and spa, the ballroom and an open-concept dining and entertainment space, replete with a 2,000-square-foot terrace.

The building itself sets out to be a Montreal landmark, developed by Carbonleo and designed jointly by Montreal firms Lemay and Sid Lee Architecture. The grey-tinted glass exterior evokes timeless elegance that complements the buildings around it — with views Monet would appreciate. The residences themselves, designed by Montreal’s Philip Hazan, are spacious and open-concept, proffering dramatic floor-to-ceiling windows and either a private terrace or a classic-style loggia. The hotel and amenity spaces have been created by design firm Gilles & Boissier in Paris.

But perhaps it’s the location within Montreal’s famed Golden Square Mile that will earn the property a place in the pantheon of illustrious residential hotels. Right next door to a newly renovated Holt Renfrew Ogilvy, the Four Seasons Montreal is walking distance from the Museum of Fine Arts and the Bell Centre, and Sainte-Catherine and Crescent streets, all in the heart of what remains to be one of North America’s most chic cities.

Smith notes that residential owners often come from diverse backgrounds and lifestyles. For example, at the Four Seasons Private Residences in London’s Mayfair, Twenty Grosvenor Square — scheduled to open in mid-2018 — many of the owners would consider themselves global citizens, with pieds-à-terre in several countries. At the Four Seasons Hotel New York Downtown, also known as 30 Park Place, which opened in 2016, owners are more likely to use their home as a permanent residence. Most of them are attracted to the Four Seasons brand and its track record of delivering top-quality luxury experiences.

“Often, these are people who associate themselves as our very best customers. They have already developed a relationship as hotel guests,” says Smith. “Our Montreal property is being built to the same level of sophistication and finish [at] any of our properties. I travel all over the world, and the standards for excellence are remarkable.”

No wonder that Eloise, the exuberant title character in the series of books by Kay Thompson, about a girl who lives with her nanny on the “tippy-top floor” of New York City’s Plaza Hotel, was so adept at finding adventure. A top hotel provides the breathing room to explore and discover new things — and to be yourself. Of course, the adventures that residential owners might pursue from their enviable address are entirely in their own hands.


By Paul Gallant – *This article originally appeared in INSIGHT: The Art of Living | Spring 2018

Photos: Granger Historical Picture Archive/Alamy; World History Archive/Alamy; Georgios/Istock; LPettet/Istock

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First Rule Of Success: Show Up - Steven Hill - Luxury Calgary Realtor

I recieved a call from a seller who has had his listing expire with an unsuccessful sale.  Within one hour, my team and I had a teaser video of his home created, full listing presentation and CMA, and I met with him shortly after. 

 

He was looking for someone who could market effectively, but more importantly, someone who had drive.  CHECK!

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Knowledge is Power

Had the pleasure of speaking to invited guests of Investors Group at Prohibition Freehouse last night. Great people, amazing food and wine and gracious hosts. Thank you @kenchenyyc @prohobar @investorsgroup for the honour of kicking off the evening with a little real estate insight for 2018

 

 

 


@sothebysrealtycanada #sircyyc #yycrealestate #sothebysrealtycanada #camotietrifecta

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Excited to Share the Following Testimonial From The Managing Broker at Sotheby's International Realty Canada | Calgary

 

When it was time to sell my home, my stress level was through the roof! As a broker in real estate you'd think I'd have this down cold but that was not the case when selling my family home after a divorce. When I sold real estate my biggest focus was on my clients being well-informed; both the good and, yes, sometimes the not-so-good. The key with providing information is the ability to create a plan, or roadmap, and to be ready to adapt the moment the data starts to show a new story.

Steven was that agent for me. Steven knew the emotional journey this was going to be. He understood that my children, almost grown, had a sense of attachment to their home where they grew up. Steven also understood my financial need to sell. Selling was a need, not a want. Steven was able to read the market and help me to understand the realistic pricing. Together we went to the home and made a list of all the needed repairs and upgrades that a prospective buyer would expect at my price point.

When my home was ready to list, Steven and his team were able to present my home in a very favourable light. To be honest, I cried when I saw the photos. This was our home where my eldest, when very young, would dance and sing around the whole house, where my son learned to drive his dirt bikes and my youngest cooked her first Sunday nosh-up.

Steven's care and guidance continued into the showings, the late night calls of why there was no offer, and through the tough conversation of about whether or not to lower the price. During all those times, Steven was professional, honest and, most of all, focused on the main goal - selling my home so the children and I could have a better, more financially secure life.

Steven's tremendous gift to us was his calmness and reassurance during negotiations, which prevented me from leaving money on the table and allowed me to keep it in my pocket. I'd become so desperate to sell that I was willing to slash the price and give away the home at a bargain basement price, but Steven took the reins and assured me that his recommendations were for the best. In the end, Steven was able to secure a large sum of cash that, in my haste, I would have walked away from.

I'd highly recommend Steven to any and all my friends, colleagues and to anyone who would ask me for a recommendation. Steven has become a trusted friend.

Mary-Ann Mears
Managing Broker
Sotheby's International Realty Canada
Calgary Office

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Steven Hill Sells Calgary Somerset Home For 99% Of List Price!

Strength In Marketing, Presentation and Negotiations is evident with this successful Calgary home sale in Somerset, Southwest Calgary.  This home conditionally sold in 3 days on the market, and later obtained a backup offer as well which ended being the successful bid. Steven Hill shows how the strength of the Sotheby's Realty Brand along with his presentation skills can provide a seller with a positive outcome in today's Calgary Real Estate market. Both offers were for 99% of List Price! Contact Steven at shill@sothebysrealty.ca for more details. 

 
Steven Hill | Sotheby's International Realty Canada |
403-863-6344

Steven Hill | Sotheby's International Realty Canada | Somerset Calgary Home SOLD
Steven Hill | Sotheby's International Realty Canada | Somerset Calgary Home SOLD
Steven Hill | Sotheby's International Realty Canada | Somerset Calgary Home SOLD
 
38 Somerside Crescent SW in Calgary.
This beautiful Somerset home is move-in ready with brand new carpeting, fresh paint & a new roof (2013). The spacious foyer greets you with a bright vaulted ceiling & flows into the open living/dining/kitchen area. Tasteful hardwood floors complement the corner fireplace in the living room while large windows benefit from the desirable south facing exposure. The kitchen offers a corner pantry, flush top island, dbl oven & full tile back splash. The dining area flows out to the incredible deck, great for entertaining in the sunny backyard. A thoughtful mudroom w/bench & cabinets complete the excellent main floor. Beautiful hardwood stairs lead up to a stunning bonus room. Down the hall are 2 bright bedrooms & a full 4pc main bathroom. The Masters Suite is spacious & offers a fantastic en suite w/soaker tub, separate shower, lots of counter/mirror space & a large walk-in closet. Located on a quiet street within walking distance to school(s) & bus routes, this is the most compelling value in Somerset!
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I have listed a new property at 290153 96 ST E in Rural Foothills M.D..
A beautiful acreage setting compliments this stunning walkout bungalow, boasting 4 bedrooms in total & featuring a dramatic main level with vaulted ceilings. The huge kitchen centers around an expansive island & flows into the bright open dining room & living room with a focal stone fireplace. Downstairs there are 2 spacious bedrooms complete with a beautiful 3 pc bathroom & a fantastic layout offering a luxurious wet bar, beautiful double sided stone fireplace, & theatre area. Entertain at the bar, or open the patio doors where interlocking stone leads to a excellent built-in bbq gathering area. This lower level is an entertainer's dream. Unique to this property are 2 separate 1375SqFt & 1282SqFt buildings, perfect for the hobby/sports/car enthusiasts, or trades person! With in floor heating, brick fireplace and 4 pc bathroom, this first outbuilding offers an abundance of use options! The 2nd shop features open space, overhead heating & upgraded electrical for professional applications. Brazilian cherry hardwood flows down from the foyer hall and throughout the living room and dining area. Built-in pantry, tech desk centre and expansive deck with lovely tree lined views, make this main haven the heartbeat of the home and in perfect harmony with its country surroundings. The beautiful Masters Suite offers double closets with glass inlay and functional storage space. This retreat allows room for king sized furniture and flexible layout. Complete with a beautiful en suite that hosts heated tile floor, a soothing jetted tub and a long marble counter, this bedroom is a truly tranquil part of this extraordinary home. The attached oversized 3 car garage is fully finished and offers high ceilings and room for shelving or storage. The 2 additional buildings feature in-floor heating and even function on a separate septic system. An excellent opportunity to own a remarkable property close to schools, sports centers, shopping and city amenities.
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Latest Blog Posts

2026 Sotheby’s Luxury Outlook Report

Posted by Steven Hill on Jan 07, 2026

Market Updates, January 7 2026 I am pleased to present the Sotheby’s International Realty® brand’s 2026 ...

December 2025 Housing Market

Posted by Steven Hill on Jan 02, 2026

Jan. 02, 2026 | CREB 2025 housing market shifted to more balanced conditions Calgary, Alberta, Jan. 2, ...

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