I feel contemporary architecture is stuck in a kind of PostModernist Loosian/Bauhaus aesthetic that simply cannot be taken any further.
True...we are in one of those funks, where things are mostly derivative, if not downright retro-copiest, rather than "new" contemporary. The good news is, there are exceptions, although most tend to be too outrageous (the Zaha Hadid type places) and try too hard.
There have been a lot of contemporary houses built in Toronto in the last decade, and some of them even nice, but most seem to follow a trend. There is one that stands out heads and tails from even the best of them, and I was lucky to be involved (I installed their geothermal system).
It's called Integral House
, and was designed by the Toronto husband-wife firm of Shim-Sutcliffe. The home is located on a Rosedale ravine lot, and owned by the mathematician-violinist-philanthropist James Stewart. It's bigger than it looks ( 18,000 sqft), and the budget is around $35 million (if you thought you couldn't get that kind of stinking rich authoring calculus books...you thought wrong). He lives there alone, and it's basically just a large bachelor pad, designed to hold large parties/private concerts (there are 2 or 3 guest rooms).
Every aspect of the house was re-thought without using any preconceived notions or concepts and everything in the house is bespoke...from the leather-wrapped railings, to the artist commissioned cast bronze door handles. It has a wonderful contextual relationship with both the streetside, where it reads as a modest-sized home of two floors, to the wild, natural ravine side, where it drapes itself 5 floors down the ravine.
Here are some pics, but I hesitate to show them, as they are of the house in not quite finished state, and in no way convey the amount of design detail and quality of the house/architecture (even the quality and beauty of the polished exposed concrete is better than most luxury/exotic stone).