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 “heard 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.
Palace Place, 1 Palace Pier Court, Suite 1009: Just Sold!
(Represented Seller)
Luke Dalinda has sold Suite 1009 for $1,100,000 when the last 09 suite had sold for only $901,000.
Palace Place is an Amazing Deal for Buyers: Where else can you get the 5-star life for this price?
The condo market has taken a punch over the last year due to delayed interest rate reductions, but Palace Place, when marketed properly, has proven resilient, as astute buyers recognize its quality of construction, wide range of spacious suites, and the most beautiful views ever.
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has almost 3-decades of encyclopedic knowledge in selling at Palace Place. Let Luke Dalinda be your guide.
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.
“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.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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 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.
Palace Place, 1 Palace Pier Court, Suite 4010: Just Sold Over Asking in a Bidding War!
(Represented Seller and Buyer)
Luke Dalinda has sold Suite 4010 for $1,000,000 when the last 10 suite had sold for only $885,000.
Palace Place is an Amazing Deal for Buyers: Where else can you get the 5-star life for this price?
The condo market has taken a punch over the last year due to delayed interest rate reductions, but Palace Place, when marketed properly, has proven resilient, as astute buyers recognize its quality of construction, wide range of spacious suites, and the most beautiful views ever.
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has almost 3-decades of encyclopedic knowledge in selling at Palace Place. Let Luke Dalinda be your guide.
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.
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.
