In GTA condo market, buyers circle in search of a deal – Luke Dalinda in today’s Globe and Mail

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(UPDATED)

Read the article here:

https://www.theglobeandmail.com/real-estate/toronto/article-in-gta-condo-market-buyers-circle-in-search-of-a-deal

Featured in today’s Globe and Mail 

I share insights on a recent two-bedroom condo sale in Toronto’s west end (The Kingsway area) that went firm in just four days at a $4.18 million asking price. 

Even as buyers continue to circle for the best deals in the GTA condo market, quality properties in strong neighbourhoods like The Kingsway are still attracting serious interest. 

Market Performance

The Toronto condo market continues to move slowly, with subdued buyer demand, retreating sellers, and shrinking new listings contributing to overall sluggish activity amid ongoing economic uncertainty. Sales remain well below historical norms and prices continue to face downward pressure, even as some segments show modest month-over-month improvement. Buyers are cautious and often ‘circling’ properties rather than rushing in, but they are ready to act quickly once sellers adjust pricing enough to create a compelling deal. 

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.

The Globe and Mail

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: 

https://www.theglobeandmail.com/real-estate/toronto/article-in-gta-condo-market-buyers-circle-in-search-of-a-deal

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-condo-sells-128000-below-purchase-price

https://www.theglobeandmail.com/real-estate/toronto/article-winter-homes-inventory-2026

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-condo-split-two-price-cut

https://www.theglobeandmail.com/real-estate/toronto/article-size-helps-older-unit-mimico-stand-out

https://www.theglobeandmail.com/real-estate/toronto/article-etobicoke-home-prized-neighbourhood-sells-quickly

https://www.theglobeandmail.com/real-estate/toronto/article-waterfront-condo-sellers-face-herd-mentality

https://www.theglobeandmail.com/real-estate/toronto/article-humber-river-waterfront-suite-sells-for-399000-below-original-asking

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-waterfront-retirement-condo-unit-sale

https://www.theglobeandmail.com/real-estate/article-georgian-style-house-humber-river-toronto-fast-sale

https://www.theglobeandmail.com/real-estate/toronto/article-real-estate-buyers-market-summer-2025

https://www.theglobeandmail.com/real-estate/toronto/article-buyer-chops-111000-off-price-of-humber-bay-condo

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170 • Dalinda.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

It’s deal season. Keith Pelley knows.  😉

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Luke Dalinda and Keith Pelley, CEO of MLSE
(from @LukeDalinda on Instagram)

Check out the amazing deals at Palace Place and Waterford:

Palace Place Suite 309

Contact Luke Dalinda now for your exclusive opportunity to tour these incredible opportunities! E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Waterford: 3-bedrooms on the water for $849,000!

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Waterford Towers, 2087 Lake Shore Blvd W, Suite 1504 – $849,000

Step into your tranquil haven where endless blue waters unfold before you and one of the largest interiors at Waterford Towers caters to your every need. Suite 1504 is a bright, spacious condominium residence, with approximately 1,144 square feet of living space, plus a spacious balcony, 2+1-bedrooms, high ceilings, luxurious finishes, and views of the lake, city skyline, and parklands. 

Waterford is a first-class, state-of-the-art luxury condominium residence consisting of three buildings, which had been built by Canderel Stoneridge, builders of some of the most extraordinary condominium residences in Toronto.

Waterford features numerous amenities, including a security system, with a 24-hour concierge and video surveillance, 2 guest suites, a rooftop patio, a party room, a billiards room, a conference room, and a fitness facility, with an indoor pool.

Click for brochure

Property website

Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity! E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Happy Easter

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Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Breaking: Just Sold – Palace Place, Suite 2104!

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Palace Place, 1 Palace Pier Court, Suite 2104: JUST SOLD!

(Represented Buyer and 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 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 listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

An exclusive statement residence in the heart of The Kingsway sells for $3.8M in just 4 days!

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JUST SOLD The biggest sale in Riverhouse history! Riverhouse, 30 Old Mill Road, Suite 1002  Sold for $3,800,000 in just 4 days!

In a Toronto condo market that has faced significant headwinds and economic uncertainty since 2024, we are thrilled to have sold this exclusive residence at 30 Old Mill Road, Suite 1002 in The Kingsway for $3,800,000, achieving $1,614 per square foot, in just 4 days, by having represented the Seller! Achieving a price per square foot that you would normally hear for properties in New York sets a new benchmark for prime properties in The Kingsway. This rapid sale of a true trophy property demonstrates that discerning buyers remain active and confident when the right statement residence comes to market.

Riverhouse, 30 Old Mill Road, is an ultra high-end luxury condominium residence that consists of 11-storeys and 101 units that had been built by one of Toronto’s most iconic condominium builders, Lanterra Developments.

Click for brochure

Property Website

Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity! E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Just Listed: Palace Place, 1 Palace Pier Court, Suite 1609 – $1,199,000

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Palace Place, 1 Palace Pier Court, Suite 1609 – $1,199,000

Suite 1609 is a modern, flow-through condominium residence, with 1,388 square feet of refined living space, 2-bedrooms, 2 full bathrooms, and infinite water views and tranquil lake vistas. This trophy suite offers a rare blend of space, serenity, and sophistication in the sky.

Click brochure

  • Why Palace Place - Residences That Are Sublime
  • Why Palace Place - Forever View
  • Why Palace Place - Private Shuttle
  • Why Palace Place - Valet Parking

Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

An exclusive statement residence in the heart of The Kingsway! $4,180,000

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Riverhouse, 30 Old Mill Road, Suite 1002 – $4,180,000

Suite 1002 is a trophy condominium residence, with approximately 2,381 square feet of living space, plus a 1,400 square foot terrace, 2-bedrooms, resplendent luxury finishes that redefine upscale living, and the most enchanting views of the Humber River and its parklands from all of the windows. This expansive residence has been impeccably renovated for the discerning buyer, who appreciates fine architecture, superb amenities, refined appointments, and an unsurpassed level of luxury in a river setting, beside the Old Mill. 

Riverhouse, 30 Old Mill Road, is an ultra high-end luxury condominium residence that consists of 11-storeys and 101 units that had been built by one of Toronto’s most iconic condominium builders, Lanterra Developments.

Click for brochure

Property Website

Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity! E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Luke Dalinda in today’s Globe and Mail: Why legacy condos are outselling newer shoebox units

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Read the article here:

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-condo-sells-128000-below-purchase-price

“At the start of 2026 … buyers realized the [mortgage] rates were as low as they were going to get. We saw a flurry of activity from people trying to capitalize on those rates.”

“Established condominiums offer expansive living spaces at highly competitive price points, particularly compared to the newer, higher-priced, shoebox condominiums in today’s market,” Mr. Dalinda said.

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: 

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-condo-sells-128000-below-purchase-price

https://www.theglobeandmail.com/real-estate/toronto/article-winter-homes-inventory-2026

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-condo-split-two-price-cut

https://www.theglobeandmail.com/real-estate/toronto/article-size-helps-older-unit-mimico-stand-out

https://www.theglobeandmail.com/real-estate/toronto/article-etobicoke-home-prized-neighbourhood-sells-quickly

https://www.theglobeandmail.com/real-estate/toronto/article-waterfront-condo-sellers-face-herd-mentality

https://www.theglobeandmail.com/real-estate/toronto/article-humber-river-waterfront-suite-sells-for-399000-below-original-asking

https://www.theglobeandmail.com/real-estate/toronto/article-mimico-waterfront-retirement-condo-unit-sale

https://www.theglobeandmail.com/real-estate/article-georgian-style-house-humber-river-toronto-fast-sale

https://www.theglobeandmail.com/real-estate/toronto/article-real-estate-buyers-market-summer-2025

https://www.theglobeandmail.com/real-estate/toronto/article-buyer-chops-111000-off-price-of-humber-bay-condo

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170 • Dalinda.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

The Bank of Canada Holds Rate For The Fourth Time at 2.25%: Bank Governor says, “Uncertainty is High”.

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Today, March 18, 2026, the Bank of Canada has announced that it is holding its rate again for the fourth time at 2.25%, keeping the rate that it had first established on October 29, 2025.

The Bank of Canada says its two main concerns are the war in Iran and the continued uncertainty about tariffs and trade relations with the United States.

The Canadian economy would gain significant stability from a robust trade agreement with the United States, provided the government can overcome its ineffective negotiation efforts.

While such a critical deal remains in limbo and uncertainty in the economy persists, the decision to continue to hold rates signals that now is the time to buy. The Bank Governor has said, “Uncertainty is high,” indicating that rates will undoubtedly rise. 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.

Most concerning, the Bank of Canada Governor has stated, “We need house prices to come down more.” It is baffling and outright negligent that our bank leader would sacrifice all those home owners who had followed the rules and found a way to buy for those having trouble to buy. The media never questions this narrative. The only person to have raised this concern is President Trump in the US, who has said, “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.”

Why is this thought process absent from Canadian decision-making, sacrificing the hard earned equity of home owners?

In Humber Bay Shores, active inventory has fallen from over 300 active listings this summer to just 202 now, signalling renewed buyer confidence albeit at lower prices.

The best rates that we have seen so far:

3 year fixed at 3.99% (decreased from 4.04% in January 2026)

5 year variable at 3.60%

The next scheduled date for announcing the overnight rate target is April 29, 2026.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

If you are planning on listing your home, please consider us – The Dalinda Seller’s Guide

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DOWNLOAD OUR HOME SELLER’S GUIDE

Get a head start on your home sale with useful tips and a rundown of what you can expect.

 ✅ Learn about our selling process
 ✅ Gain valuable tips and advice

If you are planning to list your home, please consider us and contact us for our Seller’s Guide.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

www.PalacePlace.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Just Listed: Palace Place, 1 Palace Pier Court, Suite 2104 – $665,000

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Palace Place, 1 Palace Pier Court, Suite 2104 – $665,000

Suite 2104 is a stunning condominium residence, with approximately 790 square feet of living space and the most enchanting view of Lake Ontario.

Click for brochure

  • Why Palace Place - Residences That Are Sublime
  • Why Palace Place - Forever View
  • Why Palace Place - Private Shuttle
  • Why Palace Place - Valet Parking

Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.