An application is currently underway to redevelop the land that is now occupied by Sobeys, the LCBO, and Shoppers Drug Mart at 125 The Queensway into 7 condominium towers ranging in size from 47-storeys to 50-storeys or taller.
With Humber Bay Shores already oversaturated with condominium towers, these 7 new towers are certainly unwelcome news to our community. It is our view that if you are going to build something, build good, quality construction, not more, cheap shoebox condos.
We encourage residents to oppose more new construction, especially given that the 28-acre Mr. Christie’s Bakery site will have another 15 condo towers coming soon.
A virtual meeting has been scheduled to discuss the proposal on September 25, 2025, from 6:30 PM to 8:00 PM. Visit www.toronto.ca/CPconsultations for the registration link and instructions on how to join.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Curb Appeal Magazine – In Palace Place mailboxes today!
Palace Place has been featured as the cover story in the August issue of Curb Appeal Magazine.
This issue features great renovation advice on “Rethinking the Bathroom”.
If you would like a copy, please let us know.
If you would like a copy, contact Luke at: LDALINDA@DALINDA.NET
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Mark Carney has just announced that Canada will drop most of its remaining retaliatory tariffs against the US effective September 1, 2025.
The White House has responded that this decision has been “long overdue”.
Dr. Sylvain Charlebois of Dalhousie University, better known in Canadian media as The Food Professor, has correctly questioned, “Canada quietly admits what many suspected: Canada’s counter-tariffs hit CUSMA-exempt goods. Today, Ottawa rolled them back—OJ, peanut butter, wine, etc. If they were never allowed in the first place, why did Canadians pay higher prices for months?”
This should pave the way for finally negotiating a trade deal between Canada and the US.
As we have always maintained, such a deal would restore confidence in the real estate market, which should only increase sales and prices going forward.
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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.
Welcome to a new world where uncertainty is the only certainty.
Canada has missed the August 1 deadline, seemingly of its own accord. Canada will now face 35% tariffs on non-USMCA exports, plus additional tariffs and penalties, as well as a damaged relationship with its biggest trading partner and the world’s largest economy.
Canada is paying the 5th highest tariff rate across the globe.
We saw this coming, and we were warned repeatedly.
The only two countries to retaliate on the USA were China and Canada.
US Secretary of Commerce on Canada – July 31, 2025
When we had first reported “Are we really in an economic crisis?” in May 2025, we had noted that USMCA-compliant goods would remain at 0%, except that, since then, lumber at 27.3%, energy at 10%, critical minerals at 10%, potash at 10%, steel and aluminum at 50%, cars and trucks at 25%, and copper at 50% have been added as exceptions. 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.
So while USMCA compliance helps, perception is everything. Knowing there is a dispute leads to the uncertainty and delayed home and condo purchases that we have seen over the last 7-months.
President Trump has secured trade agreements with numerous countries, including a notable deal with the EU, achieving what many thought was unattainable. Yet Canada remains the exception, unable to finalize an agreement. This reflects the consequences of the current US administration’s approach, and Canada is now facing the repercussions of its stance.
The new US tariffs as of August 1 are as follows.
These countries understand that securing a trade deal, even with modest tariff reductions, benefits their economies more than having a stark “Take it or Leave it” trade ultimatum. The USA is over 12 times larger than Canada based on GDP. It is fact when it is said of Canada that it just does not have “the cards”. Knowing that, our leaders should be trying to strike a deal like all the other countries instead of providing excuses to Canadians.
As unpredictable as President Trump can be, so too is Mark Carney. Carney has gone from saying, “We are in the biggest crisis of our lifetime”, to suggesting that Canada can succeed despite a strained relationship with its largest trading partner. Carney has said in response to missing the deadline, “Canadians will be our own best customer”.
Mark Carney’s statement issued at 12:23 AM on August 1, 2025
In contrast, Mexico has secured a 90-day extension due to several factors. It has agreed to reduce trade barriers, is working with the U.S. on border security and fentanyl issues, and has engaged in constructive discussions with President Sheinbaum.
Canada claims the flow of fentanyl from its borders is negligible. However, authorities seized enough this year to potentially kill 16 million Americans, drug “superlabs” are operating in Western Canada, and Mexican cartels are active in the region. This issue is far from insignificant. It is serious.
The reality is that we are stuck in a strange economic middle ground, neither flourishing nor failing. Surprisingly, unemployment had dropped with 83,000 new jobs in June, consumer confidence is up, and Canada’s leading economic indicators are trending positively, according to the Organisation for Economic Co-operation and Development (OECD). Canada has largely avoided the economic fallout anticipated from Trump’s trade policies. Still, the economy is just barely staying afloat, as shown by Thursday’s underwhelming 0.1 percent GDP increase.
The Bank of Canada had issued The Canadian Survey of Consumer Expectations on July 21. This survey had found the following.
The trade conflict continues to weigh on consumers.
Consumers are increasingly cautious about their spending plans. The trade conflict is leading consumers to change their spending behaviour.
Consumers continue to expect the trade conflict to generate inflationary pressures.
Consumers continue to see the labour market as soft. Fears of job loss remain elevated but have declined slightly since last quarter.
About two-thirds of consumers continue to expect the Canadian economy to fall into a recession over the next 12 months.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset, real estate, until it is time to sell.
Some home owners who had purchased in the last 10 years, especially from 2021 to 2023, are finding values today to be below their mortgage amounts.
Banks are now making mortgage holders who are up for renewals re-qualify, denying their renewals for the slightest reasons.
Issues like these will only compound as uncertainty grows and consumer confidence erodes.
This trade dispute has always been about restoring confidence in our economy, for which Mark Carney has failed miserably.
So, what do we do now?
It will take up to a week or two for the market to digest these recent events. Pent-up demand and frustration with our leaders and their policies could set off a realization that waiting even longer only burns time. Life is just too short for that.
The overall market dynamics remain largely unchanged. More homes are being listed, driving prices down and forcing sellers to accept lower prices. However, many buyers remain cautious due to high prices, elevated interest rates, and economic uncertainty. On July 30, 2025, the Bank of Canada held its policy rate at 2.75% for the third consecutive meeting, citing slower economic growth, a strained labor market, and ongoing inflationary pressures. Consequently, rate cuts that could stimulate buyer activity are unlikely before the next announcement on September 17, 2025.
Contact us for a complimentary and confidential evaluation of your needs. We remain committed to our guiding principle, “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.”
Our sincere thanks to all those who have reached out in support of the awareness that we seek to raise. We have been flooded with comments like “Your posts are so informative, thank you”, “I am sharing this with my sellers so they understand what is affecting price. Thank you.”, and “I think I learn more from your stories than what is actually being paraded on the internet.”
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.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset—real estate—until it’s time to sell.
The announcement of a trade deal for Canada by the August 1 deadline could change the economy and the real estate market overnight by restoring confidence. 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.
UPDATE:
“Let’s hope there is an agreement. Let’s hope there is a good agreement (by August 1).” – Tiff Macklem
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 4.20%
The next scheduled date for announcing the overnight rate target is September 17, 2025.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place has been featured as the cover story in July’s Curb Appeal Magazine.
If you would like a copy, contact Luke at: LDALINDA@DALINDA.NET
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.
The EU has agreed to 15% tariffs, which are down from 30%, plus the purchase of $750B of US energy, a further $600B investment in the US, and billions in military purchases from the US, in the largest US trade deal ever.
Sadly, this deal now not only puts Canada’s recent energy deal with the EU into question, but it also makes it virtually impossible for Canada to reduce its 35% tariffs down to 15% because Canada cannot offer anything near what the EU has offered in exchange.
With just 4 days remaining until the August 1deadline, Canada has had no communication or insight from its leaders in response to the EU trade deal.
Dr. Sylvain Charlebois of Dalhousie University, better known on Canadian television as The Food Professor, has summed it up best:
“U.S. and EU deal.
Is it diplomatic extortion? You bet. But it’s working.
…and Canada isn’t even close to grasping what’s happening. That’s the sad part. Canada needs to understand its place in the world.”
Our sincere thanks to all those who have reached out in support of the awareness that we seek to raise. We have been flooded with comments like “Your posts are so informative, thank you”, “I am sharing this with my sellers so they understand what is affecting price. Thank you.”, and “I think I learn more from your stories than what is actually being paraded on the internet.”
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.
We have consistently reported on this critical issue, providing more accurate insights than Canadian news media, given its profound impact on the economy and real estate sales.
Mark Carney had promised a trade deal by July 16, then by July 21, and then by August 1.
Then, on July 22, Carney had been quoted in The Globe and Mail as saying, “Getting the best possible deal with the US is more important than the August 1 deadline.”
Many Canadians may view this as prudent, but Carney’s prioritization of a perfect deal over meeting the deadline is misguided.
Canada faces a unilateral trade decision from the US due to Canada’s inaction. “We haven’t really had a lot of luck with Canada. I think Canada could be one where there’s just a tariff, not really a negotiation,” President Trump had said on July 25 before departing for Scotland.
The CBC had reported on July 25 in follow-up to Trump’s departure, “U.S. President Donald Trump says his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbour — something he’s threatening to do in one week’s time.”
This is clear and blatant inaction on the part of the Canadian government, and, worse, Canadians’ apathy is allowing it to continue.
The Bank of Canada, which is set to make a rate announcement on July 30, had issued The Canadian Survey of Consumer Expectations on July 21. This survey had found the following.
The trade conflict continues to weigh on consumers.
Consumers are increasingly cautious about their spending plans. The trade conflict is leading consumers to change their spending behaviour.
Consumers continue to expect the trade conflict to generate inflationary pressures.
Consumers continue to see the labour market as soft. Fears of job loss remain elevated but have declined slightly since last quarter.
About two-thirds of consumers continue to expect the Canadian economy to fall into a recession over the next 12 months.
Unless a deal is reached, this does not bode well for Canada’s economy.
To date, the US has secured trade deals with the UK and China. Just this week, the US has secured the following additional trade deals:
Indonesia, which has seen its tariffs dropped from a whopping 32% down to 19%.
Japan, which has seen its tariffs dropped from 25% down to 15%.
The Philippines, which has seen its tariffs dropped from 20% down to 19%.
These countries understand that securing a trade deal, even with modest tariff reductions, benefits their economies more than having a “Take it or Leave it” trade ultimatum. The USA is over 12 times larger than Canada based on GDP. It is fact when it is said of Canada that it just does not have “the cards”. Knowing that, our leaders should be trying to strike a deal like all the other countries instead of providing excuses to Canadians.
Ontario Premier Doug Ford, in a misguided statement on Global News this week, had proclaimed, “We need to hit back the USA dollar for dollar”.
Ontarians should be in an uproar given that their own Premier does not have the slightest comprehension of the dynamics of trade negotiations with the USA, namely the concept of “reciprocal tariffs”.
As per President Trump’s stark “Take it or Leave it” trade ultimatum of July 10, 2025:
“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 35% that we charge.”
Doug Ford is mistaken in claiming Canada is the “#1 customer of the U.S.”, as Mexico and China have larger trade volumes with the U.S.
Doug Ford has falsely claimed that Donald Trump has offered to buy Canada. No such offer has ever been made. While Trump has expressed openness to Canada becoming the 51st state, he has never proposed purchasing it. Ford’s baseless assertion, tied to his “Canada is not for sale” merchandise sales, has shifted focus from critical tariff negotiations, instigating a false narrative of anti-US sentiment to detract from critical tariff negotiations. Lest we forget Doug Ford’s act of war threats of cutting power to 1.5M customers in the US states of Michigan, Minnesota, and New York, which have a combined population of 35M.
This is all our fault because we collectively allow it.We do not demand competence, accountability, or results from our political leaders.We would rather fact-check the President of the world’s largest economy than our own leaders.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset—real estate—until it’s time to sell.
The announcement of a trade deal for Canada could change the economy and the real estate market overnight by restoring confidence. 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.
While President Trump is now in Scotland where he is expected to conclude a trade deal with the EU, Canada sits in limbo. As the iceberg of August 1 approaches quickly, we await some hope for Canada with bated breath.
Canada had every warning and chose only to frustrate and prolong the inevitable. 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…”
The reason that we have been so vocal on this issue is because the ongoing trade negotiations with the United States have created uncertainty, impacting consumer confidence and leading to a noticeable slowdown in real estate activity. This has affected property values and the home equity that so many Canadians rely on.
We have been committed to keeping you informed with timely updates, empowering you to make sound financial decisions to protect your investments. In fact, our reporting on X.com on this issue has gone viral repeatedly, garnering over 582,000 views, 8,800 likes, and 1,700 shares.
Understanding these realities and that negotiations have faltered indicate that economic uncertainty could persist, further impacting property values. That’s why we’re dedicated to providing you with clear, actionable insights to navigate these turbulent times.
The current trade challenges have underscored the direct link between economic confidence and real estate. Sitting idly by isn’t an option when your financial future is at stake.
Stay tuned…
SPECIAL REQUEST: If you value our reporting, please let us know. Future updates will only be sent to our valued subscribers. Let us know at: LDalinda@Dalinda.net
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Luke Dalinda talks Brampton and what it takes to get the deal done!
“In this market, sellers succeed by closely tracking market trends and adjusting strategies quickly – like traders capitalizing on a fluctuating market,” Mr. Dalinda says.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
As we have reported on these tariff disputes from the very beginning, even having broken the news on X.com about Trump’s stark “Take it or Leave it” letters, President Trump has just slammed Canada with 35% “Take it or Leave it” tariffs.
The reason that we have been so vocal on this issue is because the ongoing trade negotiations with the United States have created uncertainty, impacting consumer confidence and leading to a noticeable slowdown in real estate activity. This has affected property values and the home equity that so many Canadians rely on.
We have been committed to keeping you informed with timely updates, empowering you to make sound financial decisions to protect your investments. In fact, our reporting on X.com on this issue has gone viral repeatedly, garnering over 582,000 views, 8,800 likes, and 1,700 shares.
Canada had every warning and chose only to frustrate and prolong the inevitable. 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…”
Other countries had moved quickly to secure U.S. trade deals, as Canada had remained complacent and apathetic.
Contrast this with the United Kingdom, Canada’s mother country, which had wisely seized the opportunity to secure a trade deal with the U.S. early on. The UK’s foresight should be commended. Meanwhile, Canada—despite being the second-smallest G7 economy—had failed to follow suit, blinded by arrogance.
The countries who had failed to negotiate and who were issued these stark ultimatums include:
Canada – 35%
Philipines – 20%
Brunei – 25%
Moldova – 25%
Algeria – 30%
Iraq – 30%
Libya – 30%
Sri Lanka – 30%
Brazil – 50%
Japan – 25%
South Korea – 25%
Malaysia – 25%
Kazakhstan – 25%
South Africa – 30%
Laos – 40%
Myanmar – 40%
Tunisia – 25%
Bosnia – 30%
Indonesia – 32%
Bangladesh – 35%
Serbia – 35%
Cambodia – 36%
Thailand – 36%
Philippines – 20%
Brunei – 25%
Moldova – 25%
Algeria – 30%
Iraq – 30%
Libya – 30%
Conservative leader, Pierre Poilievre, has stated in response:
The latest tariff threats are another unjustified attack on Canada’s economy. Canada has long been a reliable partner and trusted friend to the United States. These tariffs will damage both our countries. All Canadians must come together to defend our economy. Conservatives stand ready to do everything we can to secure the best deal for Canada by the July 21 deadline the Prime Minister has set. Our country stands united.
President Trump has been clear that once these letters have been issued, we will have passed the point of no return.
In response, Mark Carney has unilaterally decided to change the deadline for trade negotiations from July 21 to August 1, without any US concurrence.
Carney has stated:
Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses. We will continue to do so as we work towards the revised deadline of August 1. Canada has made vital progress to stop the scourge of fentanyl in North America. We are committed to continuing to work with the United States to save lives and protect communities in both our countries. We are building Canada strong. The federal government, provinces and territories are making significant progress in building one Canadian economy. We are poised to build a series of major new projects in the national interest. We are strengthening our trading partnerships throughout the world.
For anyone thinking Canada has leverage, think again. President Trump has already said he will match any tariffs and taxes with reciprocal tariffs and taxes.
In fact, Canada’s exports to the USA account for approximately 20% of its GDP, while US exports to Canada represent about 1.7% of its GDP. This makes Canada roughly 12 times more reliant on the US market than the US is on Canada. The US could potentially offset the loss of Canadian exports within a few quarters of economic growth.
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.
Understanding these realities and that negotiations have faltered indicate that economic uncertainty could persist, further impacting property values. That’s why we’re dedicated to providing you with clear, actionable insights to navigate these turbulent times.
The current trade challenges have underscored the direct link between economic confidence and real estate. Sitting idly by isn’t an option when your financial future is at stake.
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.
This Canada Day, we celebrate our nation’s resilience amid the most challenging economic times.
The ongoing trade negotiations with the United States have created uncertainty, impacting consumer confidence and leading to a noticeable slowdown in real estate activity. This has affected property values and the home equity that so many Canadians rely on.
We have been committed to keeping you informed with timely updates, empowering you to make sound financial decisions to protect your investments.
With the critical July 21 deadline approaching, the outcome of these trade talks could reshape the Canadian economy overnight. A favorable deal could restore confidence, spark renewed interest in real estate, and drive a significant increase in home and condo prices. Now may be the ideal time to invest in property before the market rebounds.
However, we also recognize the risks. If negotiations falter, economic uncertainty could persist, further impacting property values. That’s why we’re dedicated to providing you with clear, actionable insights to navigate these turbulent times.
The current trade challenges have underscored the direct link between economic confidence and real estate. Sitting idly by isn’t an option when your financial future is at stake.
Let’s work together to align your investments with the values of opportunity and stability that define Canada.
Happy Canada Day, and here is to a stronger, more prosperous future!
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.
