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The Dalinda Report, February 2012, is out! Luke examines a strange market phenomenon at Palace Place.

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Palace Place, 1 Palace Pier CourtThe new issue of The Dalinda Report has just been posted!

CLICK HERE TO DOWNLOAD

In this special issue, Luke Dalinda discusses a strange market phenomenon at Palace Place that he has observed since 1997. An excerpt follows.

Having served Palace Place since it had achieved its independence from Citibank in 1997, I have noticed a strange market phenomenon at Palace Place.

Palace Place suites tend to go on the market at the same time. This trend goes back all the way to 1997. When a 02 is listed, another 02 suite follows.

While any suite would sell at a record price right now, such a suite would not receive a record price when competing against three to four suites of the same floor plan.

This is why market positioning is critical to your getting the highest price possible for your suite.

Simply listing your suite on MLS is not enough! Listing on MLS alone could cost you thousands of dollars without the added value of strategic advertising and promotion.

You need a realtor who has serviced Palace Place from the beginning. You need a realtor who has tracked every single sale and market condition since the beginning.

I am the #1 top selling Palace Place resident realtor. I have been doing this since 1997. I am on-site and on-call 24/7. I am the only Palace Place realtor that is a Platinum Level Marketer in The Toronto Star, and I have advertised the most in The Globe & Mail. Add my website, homes and condos newsletters, Facebook, and other strategic initiatives, and you will quickly discover why I get the deal done!

I have a few clients waiting in line for more units. Please call me if you are interested in selling your suite. I offer more marketing services for less commission dollars. In fact, in 2011, I had come up with very creative, original solutions that had allowed several clients take home up to $25,000 on top of their sale price!

I promise to work passionately to help you achieve the next record price at Palace Place.

The Dalinda Report is the original Humber Bay Shores newsletter, and it has been serving residents with solid financial data for over 15-years!

JUST LISTED! 2289 Lake Shore B W, Townhouse 131

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2289 Lake Shore B W, Townhouse 131At the water’s edge, Townhouse Suite 131 is a magnificent, rare townhouse condominium residence, with 2,268 square feet of living space, plus a magical 28×16 foot terrace, and absolutely enchanting water views. Click for flyer. Call or send an email now to Luke.

Royal LePage continues to be the #1 brokerage in the GTA.

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Palace Place #1 BrokeragePut the power of Toronto’s #1 real estate brokerage to work for you. Contact Luke Dalinda today. LDALINDA@DALINDA.NET

Royal LePage Real Estate Services Ltd., Brokerage

(The company-owned brokerage firm)

Royal LePage is Toronto’s #1 real estate brokerage, and such achievement has been based on the value of listings that had been sold each year from 2004 to 2011 from TREB MLS data.

CIBC FirstLine is no longer accepting applications from “stated-income” homebuyers.

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CIBCFirstLine MortgagesCIBC FirstLine has decided to stop accepting applications from self-employed homebuyers. If all major banks follow this move, it could have a devastating effect on our real estate industry.

Steve Garganis, a broker with The Mortgage Centre, had said, “These aren’t B-level homebuyers. This is your next-door neighbour who’s maybe a consultant who works from home. This is your contractor or anyone who isn’t taxed by their employer every paycheque and is considered self-employed. This is a huge segment of the population.”

Read the entire feature here.

 

Palace Place is currently experiencing LOW inventory and BIG demand!

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The Dalinda Report January 2012The weather in January has proven to be very mild. Because of the good weather and incredible lending rates, more buyers than usual have been out looking for condominium residences at Palace Place. Unfortunately, only two properties have been listed on MLS.

This has created a great seller’s market opportunity for Palace Place owners interested in selling.

Get a record price for your condominium residence. Call me today!

Palace Place is the best-built building in Humber Bay Shores. We have the lowest maintenance fees and the most services.

Why would you pay your out-of-area realtor friend, who has never done a deal at Palace Place, to sell your suite? Is that friendship worth sacrificing $25,000 to $50,000 of your hard earned money?

You do not pay a realtor to let your property sleep on MLS. You pay a realtor to use every available resource to get you a record price!

I am the #1 top selling Palace Place resident realtor. I have been doing this since 1997. I am on-site and on-call 24/7. I am the only Palace Place realtor that is a Platinum Level Marketer in The Toronto Star, and I have advertised the most in The Globe & Mail. Add my website, homes and condos newsletters, Facebook, and other strategic initiatives, and you will quickly discover why I get the deal done!

I have a few clients waiting in line for more units. Please call me if you are interested in selling your suite. I offer more marketing services for less commission dollars. In fact, in 2011, I had come up with very creative, original solutions that had allowed several clients take home up to $25,000 on top of their sale price!

I promise to work passionately to help you achieve the next record price at Palace Place.

A masterpiece by HGTV celebrity contractor, and former Palace Place resident, Jim Caruk. Join us today!

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A masterpiece by HGTV celebrity contractor, and former Palace Place resident, Jim Caruk. Join us today!Jim CarukJoin us today for an open house at Marina Del Rey, 2267 Lake Shore Boulevard West, Suite 413 from 2 to 4 PM.

Marina Del Rey is a luxury condominium community that had been built by Camrost on the waterfront in sought after Humber Bay Shores. Suite 413 is a stunning condominium residence, with 2-bedrooms, plus a den, approximately 1,210 square feet of living space, and a sunny southwest exposure, with lake view. This spectacular renovation by celebrity contractor, and former Palace Place resident, Jim Caruk & Alexander Interiors had been featured in the spring 2011 issue of Reno + Decor Magazine!

CLICK HERE FOR THE FEATURE SHEET.

A special message from Mayor Rob Ford

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On January 19, 2012, City of Toronto Mayor Rob Ford had issued the message that has been noted below to residents and businesses, including the Toronto Real Estate Board. It has been provided for your information.

Share your thoughts in the comment section below.

Rob Ford
Dear Friends,

Yesterday marked an historic moment for Toronto taxpayers with City Council’s approval of the 2012 Budget. For the first time ever, the City of Toronto will spend less this year than it did the year before.

The 2012 Budget has laid the fiscal foundation for 2013 and onwards. A clear message was delivered to City Hall following the 2010 municipal election. Residents in Toronto overwhelmingly supported candidates who ran on fiscally responsible platforms, making government more accountable and running the City more efficiently.

On January 12, Executive Committee heard the message of voters and endorsed the 2012 Budget. Recommended measures to improving Toronto’s fiscal situation included allocating $154 million to TTC capital projects, a 2.5% property tax increase and holding the line on revenue estimates.

The 2012 Budget was balanced through:

•$271 million in budget reductions and efficiencies
•$56 million in service level adjustments
•$327 million in increased revenue
The 2012 Budget has reduced the City’s reliance on one time revenue to cover costs from $327 million to $102 million. The modest property tax increase of 2.5% is the lowest rate of increase since 2001 and, of course, last year there was no property tax increase at all. This Budget puts Toronto on a stronger and sustainable fiscal path for future budgets. Even with additional budget items being approved, the City has reduced spending by just over $271 million and just over 1,000 positions have been eliminated from the City’s workforce. The TTC will now receive $135 million for the purchase of streetcars, subways cars and busses and $5 million for operating costs.

Council traditionally makes recommendations to tweak and make small adjustments to budgets. The Council recommendations to the 2012 Budget are relatively minor considering the City’s operating Budget is $9.4 billion. Unfortunately we will still be having some of the same discussions next year because the 2013 opening budget pressure is now $200 million. Nevertheless, this is a major reduction from the $770 million dollar pressure we were facing at the beginning of 2011.

This, ladies and gentlemen, is an incredibly significant achievement.

I want to thank you all for your support during this budgetary process. You elected me to fix the City’s fiscal foundation and return respect for taxpayers as a core value to City Hall. This Budget achieves just that.

Yours truly,

Mayor Rob Ford