Palace Place is Toronto’s most luxurious waterfront condominium residence, featuring every conceivable 5-star amenity, including valet parking, a private shuttle to downtown, and a Les Clefs d’Or concierge.
Today, I met with the biggest names in the Canadian elevator industry about “elevating” our service to the next level. I am grateful to have worked with Ian Hambly as my right hand on elevators since 2013. As one of the most respected names in the business, Ian only works with select clientele. That is why the CN Tower has used him for over 20 years! – Luke Dalinda
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, January 28, 2026, the Bank of Canada has announced that it is holding rates at 2.25%.
The Bank of Canada continues to worry about tariff uncertainty and trade relations with the United States. In its January 2026 Monetary Policy Report, the Bank emphasizes that US tariffs remain elevated and the unpredictability of future trade arrangements, particularly with the ongoing review of the Canada-United States-Mexico Agreement (USMCA), is disrupting the Canadian economy, weighing on growth, holding back business investment, and prompting structural adjustments as businesses diversify away from US reliance. This contributes to modest projected GDP growth (around 1.1% in 2026 and 1.5% in 2027), heightened risks to the outlook, and unusually high uncertainty, though inflation is expected to stay near the 2% target as tariff-related cost pressures are offset by excess supply. The Bank is closely monitoring these developments while maintaining its policy rate at 2.25%.
While such a critical deal remains in limbo and uncertainty in the economy persists, the decision to hold rates signals that now is the time to buy. This news should bode well for market activity over the coming months if buyers recognize the opportunity rather than continuing to sit on the sidelines, as the next announcement could be an increase.
In Humber Bay Shores, active inventory has fallen from over 300 active listings this summer to just 189 now, signalling renewed buyer confidence.
Benjamin Tal, the managing director and deputy chief economist for CIBC Capital Markets, says, “I think that the Bank of Canada made it very clear that they’re not going to cut any more. Something really bad will have to happen for them to cut. So, I think that you will see more people entering the market, realizing that that’s the bottom as far as the Bank of Canada is concerned. That will add a little bit to the spring market.”
Kevin O’Leary
Kevin O’Leary has announced that he believes that the end is in sight for these trade problems because for President Trump to proceed with his vision for the Golden Dome missile defence system he will need Canada’s support, which O’Leary believes can be used as leverage to make a meaningful deal between Canada and the USA. In addition, the need for power for Ai centres will also create a need that Canada can deliver upon. As a result, O’Leary says, “I’m going long on Canadian dollars and power sources. I think Canada is going to be part of this.”
Widely regarded senior economist for BMO, Robert Kavcic, has stated, “Buyers are watching the market and seeing prices come down. They must weigh whether they risk buying too late and see prices take off – or too soon and see prices slip farther. The spread between the amount sellers are asking for and what buyers are willing to pay is wide. The more time that goes on, the more sellers will relent. It’s more likely that the ask will come down than the bid will go up.”
Kavcic has said for sellers, “You can only wait so long. There’s a cost to waiting, too.”
What might a condo market recovery look like?
In discussing new condo construction, our own Dalinda Team client and developer, Julie Di Lorenzo of Mirabella Development Corporation, has stated, “You’ll notice there’s a proliferation of luxury products aimed at affluent, downsizing baby boomers. All of a sudden, there are lots of over $2,000-a-square-foot projects.”
Shaun Hildebrand, President of Urbanation, has said, “Larger non-luxury units – those in the 900-sq.-ft-plus range – have retained most of their value as the market has tanked, whereas prices for those units in the under 600-sq.-ft segment are now off by 20 per cent. The undersupply [of larger apartments] will drive product design in the next cycle, with much more emphasis on the end-user experience.”
This news bodes well for established condominium buildings that offer larger spaces, like Palace Place. While deals are sought after, savvy buyers are quick to seize high-value opportunities offering expansive layouts and stunning views.
The best rates that we have seen so far:
3 year fixed at 4.04% (increased from 3.89% in December 2025)
5 year variable at 3.70%
The next scheduled date for announcing the overnight rate target is March 18, 2026.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Luke Dalinda, President of Palace Place, 1 Palace Pier Court, and Gerald Hess, Former President of Palace Pier, 2045 Lake Shore Blvd. W
Palace Place (the southern tower built in 1993 by Bramalea – Canada’s largest builder at the time) relations with Palace Pier (the northern tower built in 1978 by the Tanenbaum family) were at their best in 2018 thanks in part to this incredible business leader and Palace Pier President, Gerald Hess. The spirit of collaboration and partnership were never as strong as they were then.
People forget condo directors are volunteers, and the best ones have far better things to do than to endure endless criticisms and personal attacks from those who thrive on inciting acrimony with misinformation.
A condo can fall overnight with the wrong leadership, which is why peace, stability, and the right mix of talent are so critical to maintaining the success of a condo building.
Like Steve Jobs had said so well, “My model for business is The Beatles. They were four guys who kept each other kind of negative tendencies in check. They balanced each other and the total was greater than the sum of the parts. That’s how I see business: great things in business are never done by one person, they’re done by a team of people.”
Buyers should always keep this in mind and do their homework on the board—whether it’s seasoned and stable or brand new and untested. A strong, experienced team truly makes all the difference in safeguarding your investment and upholding the building’s legacy.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Kevin O’Leary has announced that he believes that the end is in sight for the trade problems between the USA and Canada because in order for President Trump to proceed with his vision for the Golden Dome missile defence system he will need Canada’s support, which O’Leary believes can be used as leverage to make a meaningful deal between the two countries. In addition, the need for power for Ai centres will also create a need that Canada can deliver upon. As a result, O’Leary says, “I’m going long on Canadian dollars and power sources. I think Canada is going to be part of this.”
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
The most important thing that President Trump had said in the World Economic Forum on January 21, 2026 that must be echoed in Canada.
“One thing about housing, because nobody ever says this, I am very protective of people that already own a house, of which we have millions and millions and millions. And because we have had such a good run, the house values have gone up tremendously. And these people have become wealthy. They weren’t wealthy.
They’ve become wealthy because of their house. And every time you make it more and more and more affordable for somebody to buy a house cheaply, you’re actually hurting the value of those houses, obviously, because the one thing works in tandem with the other.
And I don’t want to do anything that’s going to hurt the value of people that own a house who, for the first time in their lives, are walking around the streets of whatever city they’re in, very proud that their house is worth $500,000, $600,000, $700,000. Now, if I want to really crush the housing market, I could do that so fast. People could buy houses. But you would destroy a lot of people that already have houses.” – President Trump
We have been advocating for this mentality and protection in Toronto all along… and that is the Dalinda difference!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Welcome to Palace Place where active lifestyles meet luxury living.
Palace Place offers world-class fitness amenities that include a gym, which has been outfitted with the latest, top-of-the-line equipment from Atlantis, a solarium saltwater pool, a basketball court, a squash court, an outdoor putting green, and now a pickleball court.
Palace Place is Toronto’s most luxurious waterfront condominium residence. Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and one of the only condominiums in Toronto to offer Les Clefs d’Or concierge services, the same service that you would find on a visit to the Four Seasons.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
“The unit is located in the Palace Place building, which agent Luke Dalinda says is renowned for ‘white-glove service, lavish facilities and management excellence.“
Online now, in print on Friday!
When The Globe and Mail wants insight into the real estate market for Palace Place and Humber Bay Shores, they contact Luke Dalinda.
You should too!
Read my other recent interviews with The Globe and Mail here:
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
With anticipated rate hikes in the near future, Humber Bay Shores is heating up! Active inventory has fallen sharply from over 300 active listings this summer to just 188 now, signalling renewed buyer confidence. While deals are sought after, savvy buyers are quick to seize high-value opportunities offering expansive layouts and stunning views.
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has almost 3-decades of encyclopedic knowledge in selling at Palace Place and across Humber Bay Shores.
Let the #1 Top Selling Realtor in Humber Bay Shores get the deal done for you.
Be sure that you SUBSCRIBE to this blog to be the first to know of new listingseven before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Be sure that you SUBSCRIBE to this blog to be the first to know of new listingseven before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 1605: JUST SOLD!
(Represented Seller)
Market commentary
The condominium market has taken a significant hit over the past year, driven by low buyer confidence stemming from unresolved Canada–U.S. trade issues, a federal budget deficit approaching $80 billion, and persistent inflation. Despite these challenges, Palace Place has proven remarkably resilient when properly marketed, as discerning buyers recognize its superior construction quality, its wide range of spacious suites, and arguably the most stunning views in the city.
With anticipated rate hikes in the near future, Humber Bay Shores is heating up! Active inventory has fallen sharply from over 300 active listings this summer to just 188 now, signalling renewed buyer confidence. While deals are sought after, savvy buyers are quick to seize high-value opportunities offering expansive layouts and stunning views.
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has almost 3-decades of encyclopedic knowledge in selling at Palace Place and across Humber Bay Shores.
Let the #1 Top Selling Realtor in Humber Bay Shores get the deal done for you.
Be sure that you SUBSCRIBE to this blog to be the first to know of new listingseven before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
For the 9th consecutive year, Luke Dalinda has been the undisputed #1 Top Selling Realtor in Humber Bay Shores!
According to our third-party stats company, “Luke Dalinda is so far ahead of second place that there’s no question that he’s #1”.
In an industry flooded with gold, platinum, and diamond awards that nobody can tell apart, real market performance is the only trophy that truly matters. For almost a decade Luke Dalinda’s incredible clients have handed him this prized recognition every single year.
“I never take a day of it for granted. From the bottom of my heart, thank you for your trust, your referrals, and for letting me be part of your stories.”– Luke Dalinda
Here’s to the 10th year in 2026.
Planning a move in 2026? Let the #1 get it sold fast and for top dollar.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
