Tariff threats have created great uncertainty for buyers. While 2025 was forecast to be the year of recovery from the challenging 2024 market, these new political issues have led to fear and concern over the future. Having Canada’s Prime Minister literally cry on national television saying, “This is going to be tough”, has not inspired confidence for Canadians, who, regardless of political affiliation, are all expecting new, stable leadership and a return to an operational parliament to properly address these challenges.
Economists are split on predictions for the next rate announcement from the Bank of Canada, coming this Wednesday, March 12. Some believe the rates will drop to spur needed activity. Others believe that the Bank of Canada could hold or increase rates to control expected inflation from the tariffs.
Two recent news articles on the Toronto condo market have been linked for your review.
In the Globe article, we note the advice, “If you’ve got a number in your head, you’ve got to get that number out of your head and focus on what’s selling,” she says. “If I see things come out at the right price, they do sell and they do sell fast.”
The Toronto Star news bodes well for Palace Place, 1 Palace Pier Court in that Palace Place offers the space that buyers need that they cannot find in these shoebox condos that charge significantly more per square foot.
As we watch the theatrics on the global stage, uncertainty is the only guarantee.
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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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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.