I try to raise awareness to counter an overwhelming litany of misinformation that seeks to impair our judgment in an effort to defend one basic belief that is under constant attack:
“The only way for honest people to elevate their lives is through their homes and their home equity, a sacred symbol of their labor, security, and hope for their children. This belief is what drives us to achieve the best possible outcomes for our clients.”
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
@MarkJCarney continues to flip-flop while issuing new threats to the world’s largest economy like an emperor with no clothes. (Sorry to sound harsh but our hard-earned property values are at stake.)
On June 16, 2025, Mark Carney had posted on X of his pledge to have a US trade deal on the remaining trade disputes in “thirty days”, which would have come due on July 16, 2025.
I was glad to welcome President Trump to Canada today for the G7 Leaders’ Summit.
We focused on global challenges as well as immediate trade pressures, including priorities for building a new economic and security relationship between Canada and the U.S.
Then, just 3 days later, on June 19, 2025, seemingly after the countdown posts, Mark Carney had posted the very awkward statement, “We will take the time we need to negotiate the best deal for Canada, but no longer.”
We will take the time we need to negotiate the best deal for Canada, but no longer.
In parallel, we will protect workers and industries from the unjust U.S. tariffs. https://t.co/U7iwxczj0I
If that is not confusing enough, on June 19, 2025, Mark Carney had issued a news release stating that the 30 days to resolve the “trade crisis” would fall due on July 21, 2025, which is actually 32 days.
Then, also on June 19, 2025, Mark Carney had re-engaged in dangerous and divisive threats of new counter tariffs against the USA., falsely citing an effort to build “the strongest economy in the G7”.
Canada’s steel and aluminum industries are world-class—and they deserve a level playing field.
While we work toward a deal with the U.S., we’re taking strong, targeted action to defend our workers, uphold fair trade, and build the strongest economy in the G7. pic.twitter.com/OkgbL9Jlc8
— François-Philippe Champagne (FPC) 🇨🇦 (@FP_Champagne) June 19, 2025
The strongest G7 economy, by any measure, is the USA. Even if Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.
This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).
President Trump has said that those countries without a trade deal will get a “Take it or Leave it” letter.
Remember the example of the UK in resolving this situation. The UK should be commended for being among the first and few to seize the opportunity for a trade deal with the US.
The PM needs to stop playing games and deliver results for Canadians. 26 days left!
Questions to consider
Why has there been no improvement in any economic indicators due to Mark Carney’s “plans”?
Why did the UK, Canada’s mother country, move so quickly to secure a US trade deal, yet Canada, the second smallest G7 country by GDP, believes it can threaten additional counter-tariffs to achieve a favorable outcome?
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Canadians are losing jobs, homes, and their hard-earned home equity due to the ongoing economic turmoil stemming from the remaining trade disputes with the United States. Our Prime Minister has made a commitment to resolve these disputes within 30 days. With only 27 days remaining until July 16—the deadline set by Prime Minister Carney—I urge everyone on social media to post daily reminders of the days left. Let’s hold our Prime Minister accountable and see if he will keep his pledge to Canadians.
The countdown clock will be located in the upper banner of this blog until the July 16 deadline.
Canada’s future is riding on the next 27 days, as PM Carney promises a US deal by then. President Trump has yet to acknowledge such a commitment having been made.
Even if Prime Minister Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.
This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).
Why is a new trade deal to resolve the remaining trade disputes with the US so important?
Canada needs to win with a deal that restores confidence in the economy.
Should Carney succeed, then confidence in the economy will surge. This shift in perception is likely to drive a significant increase in home and condo prices. Now is the optimal time to buy real estate before the market heats up.
Should Carney’s efforts fail, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.
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.
Canada’s future is riding on the next 30 days, as PM Carney promises a US deal by then. President Trump has yet to acknowledge such a commitment having been made.
Even if Prime Minister Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.
This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).
Should Carney succeed, then confidence in the economy will surge. This shift in perception is likely to drive a significant increase in home and condo prices. Now is the optimal time to buy real estate before the market heats up.
Should Carney’s efforts fail, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.
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.
Sadly, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.
Canadian media are reporting that President Trump and PM Carney have agreed to extend trade talks for 30-days. US sources have yet to confirm this arrangement.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
The Globe and Mail is Canada’s largest and most read newspaper in print and online. 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.
Palace Place prominently featured on the home page of the real estate section of The Globe and Mail
Here are the Globe’s latest articles featuring Palace Place and Luke:
Crunch time for Toronto home sellers as spring market heralds burst of activity
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Breaking: This morning on Fox News, President Trump and Mark Carney have announced their intention to resolve the remaining trade disputes in the coming days.
The Canadian economy could change overnight on an announcement of any form of a good deal between the two countries.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place, 1 Palace Pier Court sales!
“Agent Luke Dalinda found two buyers for this newly renovated two-bedroom unit at the Palace Place condo complex by the mouth of the Humber River. They were both clients he had shown numerous other properties, including some in the same 32-year-old building. But both wanted to make their first offer on this property. “I do a lot of international marketing now, so [one set of] buyers were coming back to Canada, and it just so happened another party was looking too,” said Mr. Dalinda.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Breaking: Trump has just announced on Fox News that the US will send “take it or leave it” letters to the remaining countries that haven’t been in recent negotiations, meaning there will be no negotiations with them. Due to the complete lack of transparency from our Canadian federal government, we can only conclude that Canada would be included in this “take it or leave it” list due to its continued inability to strike a deal with the USA.
President Trump has said, “We’re going to send them a letter telling THEM what the deal will be”.
It seems the ship has sailed for Canada.
While other countries move quickly to secure U.S. trade deals, Canada remains complacent and apathetic.
As Eric Trump has repeatedly counselled on X, “I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win – the last will absolutely lose. I have seen this movie my entire life…”
Yet again, Luke Dalinda has broken the news that has since set X ablaze carrying this report, citing Luke as the source. For news at the speed of need, always follow @LukeDalinda and this blog!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
In the resale market, spurts of activity come from downsizers and first-time buyers, but sales and showings vary from week to week, says Luke Dalinda, real estate agent with Royal LePage Real Estate Services,
As in other areas of the GTA, investors have mostly vanished, and the buyers tend to be people who plan to live in the unit.
In late May, there were 328 condo apartments listed for sale in Humber Bay Shores near Park Lawn Road and Lakeshore Boulevard West.
“We’ve never had over 300 before,” says Mr. Dalinda. “It’s beyond a buyer’s market.”
Sellers who see their unit languish on the market are often turning to the rental market instead.
“That’s a conversation that’s happening a lot,” says Mr. Dalinda. “The landlords you’re seeing now are not landlords by choice – they’re forced to be landlords.”
At the end of May, 250 units were available for lease.
In April, Mr. Dalinda drew two offers for a two-bedroom condo listed with an asking price of $1.499-million at Palace Place in the Humber Bay area.
Unit 3502 at One Palace Pier Court sold after 32 days for $1.388-million.
The successful bidder was a young professional who was buying for the first time, he adds.
Mr. Dalinda says the recently renovated unit provided 1,186 square feet of living space and views of Lake Ontario and the city skyline.
“We were a bit aggressive with the price,” acknowledges Mr. Dalinda, but when he listed the unit in March, he hoped that trade jitters would settle down.
Instead, April brought more uncertainty and buyers became more indecisive.
The units that do sell tend to be spacious and renovated with a view of the water, Mr. Dalinda says.
That tranche of buyers favours large units with solid floor plates and thick walls, he adds.
“They like having a suite where they can play a piano and not have to worry about their neighbour.”
When The Globe and Mail wants insight into the real estate market for Palace Place and Humber Bay Shores, they contact Luke Dalinda.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Sellers hold firm on your prices. You poured sweat and sacrifice into owning your property—don’t let it be snatched up cheaply by those unable to match your investment. This is not about redistributing wealth from the haves to the have-nots. Hold your ground. The world we are enduring right now was created by those who are definitely no smarter than you are, so take it back! As consumer confidence rebounds, the market will stabilize. In the meantime, fight for what you have worked so hard for by demanding transparency, accountability, and action from your government.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, June 4, 2025, the Bank of Canada has announced that it is holding rates again at 2.75%.
While the BoC cites trade disputes as the biggest driver of uncertainty, there remains no efforts or plans by our leaders to negotiate deals or offer Canadians confidence. Instead, we continue to sit in limbo. With the exception of steel, aluminum, and some food products, the trade war described in the media is highly exaggerated, given USMCA exemptions and other tariff relief. For more insight on that, please read: https://palaceplace.com/are-we-really-in-an-economic-crisis/
The best rates that we have seen so far:
3 year fixed at 4.14% (Increased from 4.09% in March 2025)
5 year variable at 4.25%
The next scheduled date for announcing the overnight rate target is July 30, 2025.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
