Tag Archives: Palace Place city view

I have written to proudly announce that I have set yet another all-time record price at Palace Place by having just sold Suite 1410 for $457,000 by having represented the seller.

This is a fantastic accomplishment for the 10 suites at Palace Place. This record price represents a significant jump from other realtors’ sale prices of between $400,000 and $430,000.

Even at this new record price, the “10” suites still represent incredible value, as do all suites at Palace Place. Where else in the city of Toronto can you get a 1,388 square foot suite for $330 per square foot? When local window-popping shoebox condominiums sell for over $700 per square foot now, you have no choice but to scratch your head. Never mind the fact that such value for a suite exists in the most prestigious, luxurious, and best managed waterfront condominium residence in Canada!

In the condo world, newer is most definitely not better, and, in fact, they just simply do not build condominiums like they had used to. Palace Place had been built like a rock, and Palace Place features many advanced design features and qualities that are simply not found in construction today. For more details on such features, buy my book, “Palace Place”, at the URL that has been noted below.

This accomplishment clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Do you want to set another record? Call me today!

Luke Dalinda

ldalinda@dalinda.net

416-725-7170

https://www.dalinda.net/PalacePlaceBook

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 3504 for $335,000 by having represented the seller.

There is a lot of doom and gloom in the market today. People fail to realize that this happens every year at this time and disappears come November. However, I have begun to develop a strong concern for first-time buyers in the 1-bedroom, under 1,000 square feet condominium market.

Ever since the mortgage rule changes this past June, these buyers have slowed down considerably. Unfortunately, the supply has only continued to pour onto the market.

We now have a case where these buyers have a lot to choose from, but, regrettably, do not have the experience or a proper adviser to give them proper advice. As a result, I am finding people comparing buildings like Palace Place to shoebox condominiums like those found at Windermere Avenue and The Queensway. Simply put, they are effectively comparing a Mercedes-Benz to a Fiat. You just do not find this kind of mistake in the car world. Why is it happening in the condo world? 

ANSWER: Buyers are not educating themselves beyond the floor plan and the “dream” that the builder is selling. Because they are not educating themselves, we must do it.

If you are a Palace Place 04, 07, or 12 owner, you need a realtor that can educate buyers on this fundamental difference, even if the buyer is represented by another realtor. It takes a heck of a lot of work, but it needs to be done. Otherwise, you are just throwing money out the window, as these buyers throw their money at new builders and their unfounded marketing hype.

Do you want to set another record? Call me today!

Luke Dalinda

ldalinda@dalinda.net

416-725-7170