They just do not build them like Palace Place. Part 2: Trump Tower Toronto

Broken GlassGlass has fallen yet again from a new condominium in downtown Toronto. This time it has come from Trump Tower.

Police had to close off the intersection of Bay Street and Adelaide Street.

Fortunately, no injuries have been reported.–downtown-street-closures-after-glass-falls-from-trump-tower?bn=1

This incident comes just when Toronto condominium owners have launched a class action lawsuit against the builders of their condominiums for negligence in the use of glass that shatters easily.

Incidents like this just make you appreciate Palace Place that much more.

In fact, I had received a call from an individual who would like me to sell his suite at Trump Tower after closing in favor of purchasing a residence at Palace Place.

This person is of the view that Palace Place just offers more, more views, more security, and more seclusion from the downtown chaos.

Add the fact that because of the hotel component of Trump Tower, residences are treated, and taxed, as commercial properties.

A-list lenders do not finance such properties, and, if they do, the rules are far more strict.

Several buyers have even walked away from deposits in excess of $200,000 at Trump Tower, according to Toronto Star reports.

When you come to Palace Place, buyers also benefit from a proven track record of sound financial management and planning. In fact, some of Bay Street’s elite have been known to applaud the management at Palace Place.

Add the superior construction of Palace Place, and the decision is a no brainer.

Today, condominium buildings are built rapidly with the construction workers and builders focused on the next big project. Palace Place had been built in a very different time and in accordance to the strictest quality standards.

The builders of Palace Place had known that this was not just another condominium building. They had realized that Palace Place would be a landmark that would be a living tribute to their hard work, dedication, and talent that would stand the test of time.

This view of construction has long been lost in our current age of extreme consumption.

Read more about Palace Place’s superior construction in “Palace Place” by Luke Dalinda.

Palace Place Book

Luke Dalinda has just sold Palace Place, Suite 4305 for the ALL-TIME RECORD PRICE of $610,000!

Palace Place Suite 4305 Sold by Luke DalindaI have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 4305 for $610,000 in only 1-month by the same brokerage.

In February, I had sent a letter to all 05 owners asking for their help and support in setting this new price record. The challenge was that 05 suites at Palace Place had long been undervalued. The highest price ever paid was $545,000, with recent sales under the $500,000 mark. 05 suites listed for the high $500s were just not moving with other realtors.

Local realtors had even mocked my intentions to establish this new record by saying that I had “no chance”.

Well, with the support of 05 owners, we have achieved this amazing goal of $65,000 above the highest price ever paid! This price increase will benefit all owners at Palace Place immensely.

I cannot emphasize this more. Simply listing your suite on MLS is not enough! Listing on MLS alone could cost you thousands of dollars without the added value of strategic advertising and promotion.

Palace Place is better than the local shoebox condominiums that are being sold for up to $600 per square foot. You need a strong voice in the marketplace to demonstrate this clearly. That is what I have been doing since Citibank had finished selling at Palace Place.

In the last year, I had single handedly set the record prices for our 02 suites at $420 per square foot, the 06 suites at $371 and $380 per square foot, the 04 suites at $443 per square foot, and many others. I have been setting record prices at Palace Place since my first listing in 1997.

What other realtor gets such a rush from setting such records? My passion for Palace Place is infectious. My many record prices are a testament to this fact.

I am always honored to be considered for your real estate needs. Thank you for your time.

Until the next record price,


Luke Dalinda

Palace Place Resident Owner &

The #1 Top Selling Resident Realtor at Palace Place

(*Such achievement has been based on the number of sales that had been sold in 2010 and in 2011 from TREB MLS data.)

PALACE PLACE, the book, is on sale now.


The Dalinda Report, March 2012, is out! How to increase values at Palace Place, a 06 suite case study.

The Dalinda Report March 2012The new issue of The Dalinda Report has just been posted!


In this special issue, Luke Dalinda presents a case study of 06 suite sales at Palace Place to show how all owners can increase the value of their suites. An excerpt follows.

Palace Place had experienced a solid start to 2012. Total sales had decreased from 3 sales in the first three months of 2011 to 2 sales in the first three months of 2012.

How to increase the values at Palace Place: A 06 suite case study

In 2010, I had set the record price for 06 suites at $371 per square foot. At the end of 2011, I had set another record price for 06 suites at $380 per square foot.

Other Palace Place realtors have recently sold 06 suites for as low as $352 per square foot.

This clearly demonstrates that, since 2010, my 06 listings have sold for between $35,000 to almost $70,000 more in price, as compared to these recent sales (Source: Toronto Real Estate Board MLS). This is why market positioning is critical to your getting the highest price possible for your suite.

Simply listing your suite on MLS is not enough! Listing on MLS alone could cost you thousands of dollars without the added value of strategic advertising and promotion.

My goal for 2012 is to increase all prices per square foot for Palace Place. So, if you would like to set another record this year, I am your man!

Last year, I had single handedly set the record price for our 02 suites at $420 per square foot. I have been setting record prices at Palace Place since my very first listing in 1997 just after Palace Place had achieved its independence from Citibank.

This year, I have just listed Suite 4305. I have listed it for $645,000, which is only $432 per square foot for one of the best suites in the building and one of the best views in Toronto. When those shoebox condominiums down the street get $600 per square foot or more, Suite 4305 is clearly an incredible deal!

I am on-site and on-call 24/7. I am the only Palace Place realtor that is a Platinum Level Marketer in The Toronto Star, and I have advertised the most in The Globe & Mail. Add my website, homes and condos newsletters, Facebook, and other strategic initiatives, and you will quickly discover why I get the deal done!

Contact Luke Dalinda at LDALINDA@DALINDA.NET or 416-236-1871.