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.
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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 3410 – Just Sold in 1-day!
(Represented Seller)
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.
Let him be your guide.
“ I can’t say enough about the incredible job Luke Dalinda did in finding a buyer for my Palace Place condo, even amidst the toughest market conditions I’ve seen. Currently the luxury condo market is grappling with an oversupply of units, picky buyers favoring larger, livable spaces over smaller investments, and economic uncertainty from trade tensions and stubbornly high interest rates. Despite these hurdles, Luke brought unmatched expertise, determination, and a tailored strategy that turned challenges into opportunities. He navigated the glut of listings and shifting buyer demands with finesse, showcasing my property’s unique value to stand out in a crowded market. Thanks to Luke’s relentless effort and sharp insight, we secured the perfect buyer faster than I thought possible in such a complex landscape. ” – Sunil Tanksali
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Canada’s biased media is continuing to incite fear over tariffs in an effort to control the outcome of the upcoming Canadian election. The media ought to be reporting the good news from the April 2, 2025 announcement, so let’s hope that the word gets out.
USMCA compliant goods will also remain at 0%. What is USMCA compliant you may ask? USMCA-compliant goods are products meeting the United States-Mexico-Canada Agreement’s rules of origin, qualifying for tariff benefits when traded between the U.S., Mexico, and Canada. Example: A car built in Ontario, Canada, with 75% of its parts sourced from Canada or the U.S. Non-compliant goods would be those made in China and shipped through Canada.
This news bodes well for Canada, giving great hope at a quicker recovery for the economy and the real estate market if we do not fall prey to the doom and gloom being perpetuated by Canadian media.
Canada needs to get on the fentanyl issue as identified by the RCMP to end all threats of further actions by the USA against Canada.
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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.
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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 3502 – $1,499,000
A sanctuary in the sky where every moment is framed by breathtaking beauty and effortless luxury. Suite 3502 is an awe-inspiring, completely redesigned condominium residence, with 1,186 square feet of luxury living space, 2-bedrooms, 3-bathrooms, and boundless water views stretching to the south and spectacular city views painting the sky to the east. This trophy residence has been thoughtfully built using the finest materials, refined finishes, one-of-a-kind details, and quality craftsmanship that have been beautifully combined to create sleek, modern bliss.
Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, the Bank of Canada has announced its seventh consecutive policy rate drop to 2.75%.
Condo buyers, who have remained on the sidelines for all of 2024, should take great comfort from this announcement, as it signals the time to buy. Prices will ultimately increase as the cycle of sales starts again. Unfortunately, many current buyers still lack the confidence to act given the turmoil, challenges, and uncertainty of the past year.
Because of what we call “herd mentality”, it typically takes 1.5 weeks for the buyer market to react to rate announcements. This news bodes very well for Palace Place going forward, and it demonstrates that the time to buy is now as prices should increase as activity increases.
Best rates that we have seen so far:
3 year fixed at 4.09%
5 year variable at 4.25%
The next scheduled date for announcing the overnight rate target is April 16, 2025.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Tariff threats have created great uncertainty for buyers. While 2025 was forecast to be the year of recovery from the challenging 2024 market, these new political issues have led to fear and concern over the future. Having Canada’s Prime Minister literally cry on national television saying, “This is going to be tough”, has not inspired confidence for Canadians, who, regardless of political affiliation, are all expecting new, stable leadership and a return to an operational parliament to properly address these challenges.
Economists are split on predictions for the next rate announcement from the Bank of Canada, coming this Wednesday, March 12. Some believe the rates will drop to spur needed activity. Others believe that the Bank of Canada could hold or increase rates to control expected inflation from the tariffs.
Two recent news articles on the Toronto condo market have been linked for your review.
In the Globe article, we note the advice, “If you’ve got a number in your head, you’ve got to get that number out of your head and focus on what’s selling,” she says. “If I see things come out at the right price, they do sell and they do sell fast.”
The Toronto Star news bodes well for Palace Place, 1 Palace Pier Court in that Palace Place offers the space that buyers need that they cannot find in these shoebox condos that charge significantly more per square foot.
As we watch the theatrics on the global stage, uncertainty is the only guarantee.
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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 – $1,299,000
On a clear day, you can see forever! Suite 1605 is a highly sought-after condominium residence, with approximately 1,228 square feet of living space, 2-bedrooms, 2-baths, and the most enchanting forever views of Lake Ontario.
Brand new Vidar engineered American Oak hardwood floors have just been installed throughout.
Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!
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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 804 – $799,000
The only 1-bedroom suite style with a water view!
Suite 804 is a stunning, renovated condominium residence, with approximately 790 square feet of living space, 1-bedroom, and the most enchanting water views. The parking spot includes EV charging!
Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Elon Musk explaining how to make life more affordable in the USA while Canada continues its deep sleep.
UPDATED: February 21, 2025 at 11:11 AM
Palace Place
It does not matter where good ideas come from. Good ideas solve problems. If we take the example of our American neighbours and focus on the core causes of high interest rates, we can take significant actions to make life more affordable for all Canadians.
In a recent interview with Fox News, Elon Musk has said:
“If we address the massive deficit spending, the sort of the waste in the government then we can actually address inflation. So provided the economy grows faster than the money supply, which means (when) you stop the government overspending and the waste and the output of real, useful goods and services exceeds the increase in the money supply, you have no inflation, and you also drop the interest payments that people pay. Because if the government keeps too high. Yes. The reason the interest payments are so high is because the national debt keeps increasing. So the government is competing for to sell debt with, with the private citizens. This drives up the interest rate. So if you have a if you have a if you cut back on the deficit, you actually have an amazing situation for people because you get you get rid of inflation and you drop the interest rates. And that means people’s mortgage payments go down, the credit card payments go down, the car payments go down, the student loans go down, everything their their life becomes more affordable and their standard of living improves.”
These are the core questions that must be asked in Canada, yet no one is talking about them. The media does not ask the questions, and the politicians remain obsessed on woke agendas.
When I had first been elected as President of Palace Place, we took immediate, meaningful actions against wasteful spending. Such collective efforts have led to one of the highest reserve funds in Toronto, past budgets of an unprecedented 4 consecutive years of 0% fee increases, which have since been followed by below inflation increases, numerous energy efficiencies, saving Palace Place in excess of $3-million, well negotiated cable and Internet agreements, proactive maintenance, and a recent property valuation of $1,168 per square foot.
Why can’t our government do this? No one is even talking about it, while we witness over 400 personal bankruptcies per day in this country. It is absolutely mind boggling.
As a longtime Palace Place owner puts it, “When money is available at a cheap rate and more money is printed, the only thing that becomes visible is top-line growth. However, this growth is sustained only until the source of cheap money is exhausted.”
Consider just this single comparison example of overgrown government bureaucracy with our American neighbours:
IRS total employees – 79,000 American population – 342,000,000 (approx)
CRA total employees – 60,000 Canadian population – 39,000,000 (approx)
What will it take for Canada to wake up?
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Meet Water’s Edge, 38 Annie Craig Drive, Humber Bay Shores’ newest condominium. Water’s Edge is a 56-storey luxury waterfront condominium residence that contains 602 suites.
Despite all the doom and gloom in the news media about the pre-con market going bust, it is very interesting to see the latest condominium project in Humber Bay Shores hold firm to its pricing since May 5, 2024.
The condo market has taken a punch over the last year due to delayed interest rate reductions, and, even now, remains slow as consumer confidence has taken a toll due to the current political climate. Despite this, reputable builders like The Conservatory Group have held firm to their pricing strategies for their remaining inventory.
For more on Water’s Edge, visit our microsite at: 38AnnieCraig.comThe Waterford penthouse collection at Water’s Edge is not to be confused with The Waterford condominium complex.
Here you will see prices per square foot ranging from $1,669 per square foot to $1,861 per square foot for penthouse suites. These prices have held firm since May 5, 2024.
While Palace Place owners are eroding their property values by chasing the market down with price reductions, builders are realizing that there is a payoff in waiting. Right now, renovated Palace Place suites can be had for on average $1,000 per square foot. These are amazing deals that will not last long, especially once the cycle of buying kicks off for 2025.
When it comes to new construction, newer IS NOT better.
When new, inferior construction is charging up to $1,900 per square foot, buyers are learning of the incomparable advantages that only Palace Place can offer. Why buy the K-car when you can own the Mercedes-Benz?
Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers unrivalled construction, spacious floor plans, 5-star amenities and services, and million dollar forever views that you cannot find in new buildings today!
Palace Place is an Amazing Deal for Buyers: Where else can you get the 5-star life for this price?
Always remember that condos are not apples to apples comparisons. Buyers must do their due diligence to know exactly what they are buying into. The province does not mandate full disclosure of construction to buyers to the buyers’ detriment, so buyers must do their homework. Yet, sadly they don’t. Buyers ultimately fall for the dreams that builders sell instead of recognizing the harsh realities.
Here at PalacePlace.com we can tell you every single detail about Palace Place and why there is not a condo in Toronto that can compare to it. Just peruse this blog for details you will not find from other condos or call Luke Dalinda at anytime to learn more about the benefits of Palace Place.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
