05/08/2015 01:44 EDT | Updated 05/08/2016 05:59 EDT

Scotiabank Photography Award goes to Angela Grauerholz of Montreal

Known for her dreamy, ethereal images and moody portraits, Montreal photographer Angela Grauerholz has won the fifth annual $50,000 Scotiabank Photography Award. 

The jury prize was announced Wednesday in Toronto.

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"For decades, Angela Grauerholz has been consistently building a body of work that evokes place, memory and archives, time past and present," said photographer Edward Burtynsky, co-founder of the award. "Many of her images feel as if they were plucked from a dream."

Grauerholz, who was born in Germany and has been based in Montreal since 1976, has been named a finalist in two of the five years the prize has been handed out. In 2013, she was a runner-up to Vancouver-based Stan Douglas.

This year, Chile-born, Toronto-based Rafael Goldchain and Montreal artist Isabelle Hayeur were also named 2015 finalists, and receive $10,000 each. 

Next year, the Ryerson Image Centre will mount a solo exhibition of Grauerholz's photography in connection with the prize, and a book of her work will be published worldwide. 

The National Gallery presented 40 of her images in a 2010 exhibition. Last year, Grauerholz won a Governor General's Award in Visual and Media Arts, valued at $25,000.