While such a critical deal remains in limbo, this rate reduction is the next best thing to help restore confidence back into the market. This news should bode well for market activity over the coming month.
The best rates that we have seen so far:
3 year fixed at 4.24% (Increased from 4.09% in March 2025)
5 year variable at 4.20%
The next scheduled date for announcing the overnight rate target is October 29, 2025.
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 804: JUST SOLD!
(Represented Seller)
The condo market has taken a punch over the last year due to low confidence in the market from the delayed resolution of the remaining trade issues between Canada and the USA, 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 get the deal done for you.
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.
On National Skyscraper Day, we celebrate Toronto’s most luxurious waterfront condominium residence, Palace Place.
Situated on 5-acres of lush, landscaped grounds at the mouth of the Humber River, Palace Place offers the most enchanting forever views of the lake and city skyline from sunrise to sunset.
Palace Place soars into Toronto’s skyline with 47-storeys that have been enclosed in a spectacular glass facade, but the magic of Palace Place starts with its history and construction.
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.
Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and one of the only condominiums in Toronto to offer Les Clefs d’Or concierge services, the same service that you would find on a visit to the Four Seasons.
Today, Palace Place is widely regarded as the gold standard for best managed condominiums.
We take great pride in welcoming visitors to experience the legacy and elegance of Palace Place.
Contact Luke Dalinda now for your exclusive opportunity to tour this incredible opportunity!
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.
An application is currently underway to redevelop the land that is now occupied by Sobeys, the LCBO, and Shoppers Drug Mart at 125 The Queensway into 7 condominium towers ranging in size from 47-storeys to 50-storeys or taller.
With Humber Bay Shores already oversaturated with condominium towers, these 7 new towers are certainly unwelcome news to our community. It is our view that if you are going to build something, build good, quality construction, not more, cheap shoebox condos.
We encourage residents to oppose more new construction, especially given that the 28-acre Mr. Christie’s Bakery site will have another 15 condo towers coming soon.
A virtual meeting has been scheduled to discuss the proposal on September 25, 2025, from 6:30 PM to 8:00 PM. Visit www.toronto.ca/CPconsultations for the registration link and instructions on how to join.
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.
Curb Appeal Magazine – In Palace Place mailboxes today!
Palace Place has been featured as the cover story in the August issue of Curb Appeal Magazine.
This issue features great renovation advice on “Rethinking the Bathroom”.
If you would like a copy, please let us know.
If you would like a copy, contact Luke at: LDALINDA@DALINDA.NET
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.
Mark Carney has just announced that Canada will drop most of its remaining retaliatory tariffs against the US effective September 1, 2025.
The White House has responded that this decision has been “long overdue”.
Dr. Sylvain Charlebois of Dalhousie University, better known in Canadian media as The Food Professor, has correctly questioned, “Canada quietly admits what many suspected: Canada’s counter-tariffs hit CUSMA-exempt goods. Today, Ottawa rolled them back—OJ, peanut butter, wine, etc. If they were never allowed in the first place, why did Canadians pay higher prices for months?”
This should pave the way for finally negotiating a trade deal between Canada and the US.
As we have always maintained, such a deal would restore confidence in the real estate market, which should only increase sales and prices going forward.
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.
Just Listed! Retirement living at its finest! Only $799,000 for this incredible 2+1-bedroom, 2 balcony, water and city view suite!
Grand Harbour, 2285 Lake Shore Blvd W, Suite 2309 – Just Sold (Buyer Rep.)
Get the deal done with the #1 Top Selling Realtor 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.
Welcome to a new world where uncertainty is the only certainty.
Canada has missed the August 1 deadline, seemingly of its own accord. Canada will now face 35% tariffs on non-USMCA exports, plus additional tariffs and penalties, as well as a damaged relationship with its biggest trading partner and the world’s largest economy.
Canada is paying the 5th highest tariff rate across the globe.
We saw this coming, and we were warned repeatedly.
The only two countries to retaliate on the USA were China and Canada.
US Secretary of Commerce on Canada – July 31, 2025
When we had first reported “Are we really in an economic crisis?” in May 2025, we had noted that USMCA-compliant goods would remain at 0%, except that, since then, lumber at 27.3%, energy at 10%, critical minerals at 10%, potash at 10%, steel and aluminum at 50%, cars and trucks at 25%, and copper at 50% have been added as exceptions. 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.
So while USMCA compliance helps, perception is everything. Knowing there is a dispute leads to the uncertainty and delayed home and condo purchases that we have seen over the last 7-months.
President Trump has secured trade agreements with numerous countries, including a notable deal with the EU, achieving what many thought was unattainable. Yet Canada remains the exception, unable to finalize an agreement. This reflects the consequences of the current US administration’s approach, and Canada is now facing the repercussions of its stance.
The new US tariffs as of August 1 are as follows.
These countries understand that securing a trade deal, even with modest tariff reductions, benefits their economies more than having a stark “Take it or Leave it” trade ultimatum. The USA is over 12 times larger than Canada based on GDP. It is fact when it is said of Canada that it just does not have “the cards”. Knowing that, our leaders should be trying to strike a deal like all the other countries instead of providing excuses to Canadians.
As unpredictable as President Trump can be, so too is Mark Carney. Carney has gone from saying, “We are in the biggest crisis of our lifetime”, to suggesting that Canada can succeed despite a strained relationship with its largest trading partner. Carney has said in response to missing the deadline, “Canadians will be our own best customer”.
Mark Carney’s statement issued at 12:23 AM on August 1, 2025
In contrast, Mexico has secured a 90-day extension due to several factors. It has agreed to reduce trade barriers, is working with the U.S. on border security and fentanyl issues, and has engaged in constructive discussions with President Sheinbaum.
Canada claims the flow of fentanyl from its borders is negligible. However, authorities seized enough this year to potentially kill 16 million Americans, drug “superlabs” are operating in Western Canada, and Mexican cartels are active in the region. This issue is far from insignificant. It is serious.
The reality is that we are stuck in a strange economic middle ground, neither flourishing nor failing. Surprisingly, unemployment had dropped with 83,000 new jobs in June, consumer confidence is up, and Canada’s leading economic indicators are trending positively, according to the Organisation for Economic Co-operation and Development (OECD). Canada has largely avoided the economic fallout anticipated from Trump’s trade policies. Still, the economy is just barely staying afloat, as shown by Thursday’s underwhelming 0.1 percent GDP increase.
The Bank of Canada had issued The Canadian Survey of Consumer Expectations on July 21. This survey had found the following.
The trade conflict continues to weigh on consumers.
Consumers are increasingly cautious about their spending plans. The trade conflict is leading consumers to change their spending behaviour.
Consumers continue to expect the trade conflict to generate inflationary pressures.
Consumers continue to see the labour market as soft. Fears of job loss remain elevated but have declined slightly since last quarter.
About two-thirds of consumers continue to expect the Canadian economy to fall into a recession over the next 12 months.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset, real estate, until it is time to sell.
Some home owners who had purchased in the last 10 years, especially from 2021 to 2023, are finding values today to be below their mortgage amounts.
Banks are now making mortgage holders who are up for renewals re-qualify, denying their renewals for the slightest reasons.
Issues like these will only compound as uncertainty grows and consumer confidence erodes.
This trade dispute has always been about restoring confidence in our economy, for which Mark Carney has failed miserably.
So, what do we do now?
It will take up to a week or two for the market to digest these recent events. Pent-up demand and frustration with our leaders and their policies could set off a realization that waiting even longer only burns time. Life is just too short for that.
The overall market dynamics remain largely unchanged. More homes are being listed, driving prices down and forcing sellers to accept lower prices. However, many buyers remain cautious due to high prices, elevated interest rates, and economic uncertainty. On July 30, 2025, the Bank of Canada held its policy rate at 2.75% for the third consecutive meeting, citing slower economic growth, a strained labor market, and ongoing inflationary pressures. Consequently, rate cuts that could stimulate buyer activity are unlikely before the next announcement on September 17, 2025.
Contact us for a complimentary and confidential evaluation of your needs. We remain committed to our guiding principle, “The only way for honest people to elevate their lives is through their homes and their home equity, a sacred symbol of their labor, security, and hope for their children. This belief is what drives us to achieve the best possible outcomes for our clients.”
Our sincere thanks to all those who have reached out in support of the awareness that we seek to raise. We have been flooded with comments like “Your posts are so informative, thank you”, “I am sharing this with my sellers so they understand what is affecting price. Thank you.”, and “I think I learn more from your stories than what is actually being paraded on the internet.”
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.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset—real estate—until it’s time to sell.
The announcement of a trade deal for Canada by the August 1 deadline could change the economy and the real estate market overnight by restoring confidence. This shift in perception is likely to drive a significant increase in home and condo prices. Now is the optimal time to buy real estate before the market heats up.
UPDATE:
“Let’s hope there is an agreement. Let’s hope there is a good agreement (by August 1).” – Tiff Macklem
The best rates that we have seen so far:
3 year fixed at 4.14% (Increased from 4.09% in March 2025)
5 year variable at 4.20%
The next scheduled date for announcing the overnight rate target is September 17, 2025.
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 has been featured as the cover story in July’s Curb Appeal Magazine.
If you would like a copy, contact Luke at: LDALINDA@DALINDA.NET
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.
The EU has agreed to 15% tariffs, which are down from 30%, plus the purchase of $750B of US energy, a further $600B investment in the US, and billions in military purchases from the US, in the largest US trade deal ever.
Sadly, this deal now not only puts Canada’s recent energy deal with the EU into question, but it also makes it virtually impossible for Canada to reduce its 35% tariffs down to 15% because Canada cannot offer anything near what the EU has offered in exchange.
With just 4 days remaining until the August 1deadline, Canada has had no communication or insight from its leaders in response to the EU trade deal.
Dr. Sylvain Charlebois of Dalhousie University, better known on Canadian television as The Food Professor, has summed it up best:
“U.S. and EU deal.
Is it diplomatic extortion? You bet. But it’s working.
…and Canada isn’t even close to grasping what’s happening. That’s the sad part. Canada needs to understand its place in the world.”
Our sincere thanks to all those who have reached out in support of the awareness that we seek to raise. We have been flooded with comments like “Your posts are so informative, thank you”, “I am sharing this with my sellers so they understand what is affecting price. Thank you.”, and “I think I learn more from your stories than what is actually being paraded on the internet.”
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.
