Category Archives: Palace Place News

Bank of Canada reduces policy rate by 50 basis points to 3¼%. Canadians still lack confidence in the market and desperately need change from Trudeau down.

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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.

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.

The Results are in early – Luke Dalinda is the #1 Top Selling Realtor in Humber Bay Shores for the 8th Consecutive Year!

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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!

https://www.Dalinda.com

Call Luke Dalinda today to see how you can set the next record first!

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.

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.

Luke Dalinda RE-ELECTED as President of Palace Place

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Thank you, Palace Place, for re-electing me for 3-more years with 99% (270 of 273) of the vote. I am deeply thankful for your continued support and trust. I look forward to working very hard for you over the coming term to achieve next-level results. – Luke Dalinda

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.

In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place sales!

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In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place, 1 Palace Pier Court sales!

“Mr. Dalinda is urging sellers to hold firm to their prices.“

https://www.theglobeandmail.com/real-estate/toronto/article-toronto-condo-buyers-are-out-there-but-taking-their-time/

“Luke Dalinda, real estate agent with Royal LePage Real Estate Services, says some buyers believe that real estate prices will increase as interest rates decline.

As a result, they are looking to purchase before 2025, when they figure the market will ramp up.

He has been involved in a flurry of recent transactions in the city’s west end.

But not everyone shares that view: the agent says a “herd mentality” is still apparent in some buyers. They are betting that prices have farther to fall.

Mr. Dalinda is urging sellers to hold firm to their prices.

At Palace Place, One Palace Pier Court, for example, two-bedroom unit 4010 sold for the full asking price of $1,000,000 after 30 days on the market.

A one-bedroom unit at the same address was listed with an asking price of $649,000 and sold after three days for $630,000.

At 33 Shore Breeze Dr., unit 3108 was listed with an asking price of $599,000 and sold for $575,000 after seven days.

The buyers Mr. Dalinda sees circulating these days are looking for usable layouts, he says.

“Smaller ‘shoebox’ condos, on the other hand, will continue to struggle due to their unusable layouts, cheap finishes and shoddy construction,” he says.”

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! 

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170 • Dalinda.com

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.

Luke Dalinda is urging sellers to hold firm to their prices in Today’s Globe and Mail!

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Mr. Dalinda is urging sellers to hold firm to their prices.

https://www.theglobeandmail.com/real-estate/toronto/article-toronto-condo-buyers-are-out-there-but-taking-their-time/

“Luke Dalinda, real estate agent with Royal LePage Real Estate Services, says some buyers believe that real estate prices will increase as interest rates decline.

As a result, they are looking to purchase before 2025, when they figure the market will ramp up.

He has been involved in a flurry of recent transactions in the city’s west end.

But not everyone shares that view: the agent says a “herd mentality” is still apparent in some buyers. They are betting that prices have farther to fall.

Mr. Dalinda is urging sellers to hold firm to their prices.

At One Palace Pier Court, for example, two-bedroom unit 4010 sold for the full asking price of $1,000,000 after 30 days on the market.

A one-bedroom unit at the same address was listed with an asking price of $649,000 and sold after three days for $630,000.

At 33 Shore Breeze Dr., unit 3108 was listed with an asking price of $599,000 and sold for $575,000 after seven days.

The buyers Mr. Dalinda sees circulating these days are looking for usable layouts, he says.

“Smaller ‘shoebox’ condos, on the other hand, will continue to struggle due to their unusable layouts, cheap finishes and shoddy construction,” he says.”

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! 

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.

More Palace Place sales being announced this Friday, October 4th at 6 PM.

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You will want to know this market information before making your move. Stay tuned.

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.

Luke Dalinda featured in today’s Globe and Mail

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https://www.theglobeandmail.com/real-estate/toronto/article-patience-and-acceptance-of-a-changed-market-help-sell-luxury-condo/

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! 

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.

Stay Tuned… Major Palace Place real estate news coming this Friday at noon!

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You will want to hear this before making your move.

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.

BoC announces third rate drop signalling that the time to buy at Palace Place, 1 Palace Pier Court is now!

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Today, the Bank of Canada has announced its third consecutive policy rate drop to 4.25%.

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.

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:

5 year fixed at 4.44%

The next scheduled date for announcing the overnight rate target is October 23, 2024.

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.

Let’s get it started: Bank of Canada reduces policy rate by a further 25 basis points signalling that the time to buy at Palace Place, 1 Palace Pier Court is now!

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Today, the Bank of Canada has announced its second consecutive policy rate drop to 4.5%.

Condo buyers, who have remained on the sidelines for all of 2024, should take great comfort from this announcement, as it cements the path to lower rates.

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:

5 year fixed at 4.69%

The next scheduled date for announcing the overnight rate target is September 4, 2024.

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.

Bank of Canada reduces policy rate by 25 basis points: The time to buy at Palace Place, 1 Palace Pier Court is now!

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(Updated)

As we had reported about the importance of today’s announcement, the Bank of Canada has dropped its rate by 0.25% as predicted.

While this drop is minor, it more importantly signals an end to the high rate uncertainty that had been experienced since the Bank of Canada began raising rates in March 2022. Buyers should take great comfort in this announcement.

This news bodes very well for Palace Place going forward and demonstrates that the time to buy is now as prices should increase as activity increases.

UPDATE:

In response, the banks have already followed with 5-year mortgage rates as low as 4.89%.

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.