March 2025 - Palace Place, 1 Palace Pier Court, Toronto ON

Palace Place, 1 Palace Pier Court, Suite 3410: Just sold in 1-day!

Posted on March 22, 2025 by ldalinda

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

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.

COMPLETELY REDESIGNED: Palace Place, 1 Palace Pier Court, Suite 3502

Posted on March 14, 2025 by ldalinda

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.

Click for brochure

Click here for property website: https://www.dalinda.net/palace-place-suite-3502/

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.

Bank of Canada reduces policy rate by 25 basis points to 2.75%.

Posted on March 12, 2025 by ldalinda

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 “heard 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.

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.

Palace Place: An Update on the Tariff War

Posted on March 8, 2025 by ldalinda

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.

https://www.theglobeandmail.com/real-estate/toronto/article-agents-sense-pent-up-demand-from-anxious-home-buyers

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.”

https://www.thestar.com/real-estate/torontos-luxury-condo-market-is-still-going-strong-despite-the-condo-slump-heres-why/article_34ec6578-f9d4-11ef-a0e9-8b8402281e3b.html

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.

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.

Share this:

Share this:

Share this:

Share this: