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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Canada’s biased media is continuing to incite fear over tariffs in an effort to control the outcome of the upcoming Canadian election. The media ought to be reporting the good news from the April 2, 2025 announcement, so let’s hope that the word gets out.
USMCA compliant goods will also remain at 0%. 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.
This news bodes well for Canada, giving great hope at a quicker recovery for the economy and the real estate market if we do not fall prey to the doom and gloom being perpetuated by Canadian media.
Canada needs to get on the fentanyl issue as identified by the RCMP to end all threats of further actions by the USA against Canada.
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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.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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 “herd 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.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Elon Musk explaining how to make life more affordable in the USA while Canada continues its deep sleep.
UPDATED: February 21, 2025 at 11:11 AM
Palace Place
It does not matter where good ideas come from. Good ideas solve problems. If we take the example of our American neighbours and focus on the core causes of high interest rates, we can take significant actions to make life more affordable for all Canadians.
In a recent interview with Fox News, Elon Musk has said:
“If we address the massive deficit spending, the sort of the waste in the government then we can actually address inflation. So provided the economy grows faster than the money supply, which means (when) you stop the government overspending and the waste and the output of real, useful goods and services exceeds the increase in the money supply, you have no inflation, and you also drop the interest payments that people pay. Because if the government keeps too high. Yes. The reason the interest payments are so high is because the national debt keeps increasing. So the government is competing for to sell debt with, with the private citizens. This drives up the interest rate. So if you have a if you have a if you cut back on the deficit, you actually have an amazing situation for people because you get you get rid of inflation and you drop the interest rates. And that means people’s mortgage payments go down, the credit card payments go down, the car payments go down, the student loans go down, everything their their life becomes more affordable and their standard of living improves.”
These are the core questions that must be asked in Canada, yet no one is talking about them. The media does not ask the questions, and the politicians remain obsessed on woke agendas.
When I had first been elected as President of Palace Place, we took immediate, meaningful actions against wasteful spending. Such collective efforts have led to one of the highest reserve funds in Toronto, past budgets of an unprecedented 4 consecutive years of 0% fee increases, which have since been followed by below inflation increases, numerous energy efficiencies, saving Palace Place in excess of $3-million, well negotiated cable and Internet agreements, proactive maintenance, and a recent property valuation of $1,168 per square foot.
Why can’t our government do this? No one is even talking about it, while we witness over 400 personal bankruptcies per day in this country. It is absolutely mind boggling.
As a longtime Palace Place owner puts it, “When money is available at a cheap rate and more money is printed, the only thing that becomes visible is top-line growth. However, this growth is sustained only until the source of cheap money is exhausted.”
Consider just this single comparison example of overgrown government bureaucracy with our American neighbours:
IRS total employees – 79,000 American population – 342,000,000 (approx)
CRA total employees – 60,000 Canadian population – 39,000,000 (approx)
What will it take for Canada to wake up?
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
The housing market is poised for a comeback in 2025, as lower rates unleash pent-up demand.
Allow the Dalinda Team to achieve your goals and get the deal done!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
77 Baby Point Crescent** The biggest sale in Toronto West! Sold for $9,850,000
43 Kingsway Crescent* The biggest sale in the Kingsway! Sold for $7,250,000
72 Baby Point Crescent* Sold for $3,700,000
206 Roxborough Drive** Sold for $8,000,000
143 Dowling Avenue* Sold for $2,200,000
Palace Place 1 Palace Pier Court Suite 906**** Sold for $1.87M
Mirabella, West Tower 1928 Lake Shore Blvd W Suite 1210* Sold for $1,099,000
Marina Del Rey, Phase 2 2267 Lake Shore Blvd W Suite 1004* Sold for a record $1,036 per square foot
Palace Place 1 Palace Pier Court Suite 3302* Sold Over Asking for $1,020,000
Palace Place 1 Palace Pier Court Suite 3501**** Sold for $2,650,000
Palace Place 1 Palace Pier Court Suite 4010**** Sold over asking for $1M
Palace Place 1 Palace Pier Court Suite 3407**** Sold for $630K
Palace Place 1 Palace Pier Court Suite 1009* Sold for $1.1M
Jade 33 Shore Breeze Suite 3108* Sold for $575K
9 Valhalla Inn Road* Suite 2002 Sold in 5-days for $667,000
1880 Gordon Street Suite 810** Sold for $585,000
608 Richmond St. W Suite 803* Sold for $495,000
80 Nealon Avenue* Sold for $1,550,000
Palace Place 1 Palace Pier Court Suite 3702* Leased for $3,985
Palace Place 1 Palace Pier Court Suite 1505* Leased for $3,950
Key West Condos 36 Park Lawn Road Suite 4110* Leased for $3,500
Palace Place 1 Palace Pier Court Suite 3608**** Leased for $4,200
Palace Place 1 Palace Pier Court Suite 4301* Leased for $6,250
Palace Place 1 Palace Pier Court Suite 1806* Leased for $5,800
99 Harbour Square Suite 3502* Leased for $3,950
2560 Eglinton Ave W Suite 1507* Leased for $2,450
2560 Eglinton Ave W Suite 1611* Leased for $3,100
Achieve your goals, and get the deal done!
Contact us today! Dalinda.com
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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.
Realtors post all kinds of shiny happy videos on social media talking about how great a particular condo may be, but do they really know? No, of course not.
The Miami Herald has just released a report based on a University of Miami study that has found that 35 buildings in Miami-Dade have sunk as much as three inches between 2016 and 2023. Some of these buildings include the iconic Surf Club Towers, Faena Hotel, the Porsche Design Tower, The Ritz-Carlton Residences, Trump Tower III, and Trump International Beach Resorts.
While some may blame climate change, the real problem stems from the builders, who always look to save costs even on the most important part of the project, the foundation. Both the US and Canadian governments do not force builders to disclose structural details to buyers – and buyers lack the education to know that they should even ask for these details. Imagine buying a car and not knowing the difference between a 4-cylinder and an 8-cylinder engine. When you buy a car, there is far more disclosure on the engine that drives it. When you buy a condo, you get nothing about the structure that holds it. Instead, all you get are floor plans with missing measurements and fancy artist renderings that in the end look nothing like what gets built.
Realtors, who should know better, are left to amplify the slick sales propaganda from the builders to the detriment of the best interests of the buyers.
For years, I have preached of the importance of understanding a building’s construction. If you are familiar with this blog, then you will know of the countless articles that I have written to support the unrivalled construction quality of Palace Place and why it remains the best option on Toronto’s waterfront.
Completed in 1993, at a record $200-million, Palace Place was built by Bramalea Limited, Canada’s largest builder at the time. Palace Place is not “the second Pier” or “the South tower,” it was built to set a standard and example for condominiums in Canada.
One of the cheaper construction methods used in condo towers across North America involves an augercast pile construction method versus a superior caisson foundation.
For what had saved the builder a few million off the top, it will now cost the residents of these Miami buildings hundreds of millions of dollars to correct, if at all.
The blame is solely on the governments. Forcing disclosure of construction methods used creates education amongst buyers that ultimately provides choice. This choice will lead the market to compete in offering better construction instead of cheaper construction. The result would not only save people’s homes but also elevate the entire construction industry in building quality.
Until then, let the Dalinda Team be your guide to the best well-built condominium residences in the concrete jungle.
For more about Palace Place, order Luke Dalinda’s book.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, the Bank of Canada has announced its fifth consecutive policy rate drop to 3.25%.
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 “herd 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.
Canadians need change, and it needs to start at the top. Trudeau needs to go. Canadians can literally smell the freedom and change coming to the USA and desperately need the same hope.
Best rates that we have seen so far:
5 year fixed at 4.29%
The next scheduled date for announcing the overnight rate target is January 29, 2025.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Christmas came early! According to our third party stats company, “You are so far ahead of second place that there’s no question that you’re #1”. 🙏🙏🙏 There are many awards in real estate, but these market titles mean the most. For the 8th consecutive year, I have been the #1 Top Selling Realtor in Humber Bay Shores! I am deeply thankful to my clients for these great honors.
Looking to sell in 2025? Let’s talk, and get the deal done!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
