URGENT: The Countdown is on until PM Carney’s US Trade Deal Promise

Countdown to PM Carney’s US Trade Deal Promise

27 Days Left!!!

Canadians are losing jobs, homes, and their hard-earned home equity due to the ongoing economic turmoil stemming from the remaining trade disputes with the United States. Our Prime Minister has made a commitment to resolve these disputes within 30 days. With only 27 days remaining until July 16—the deadline set by Prime Minister Carney—I urge everyone on social media to post daily reminders of the days left. Let’s hold our Prime Minister accountable and see if he will keep his pledge to Canadians.

The countdown clock will be located in the upper banner of this blog until the July 16 deadline.

https://x.com/markjcarney/status/1934732929067827637?s=46&t=j-eN3GsLw6wYrkA55zhdGg

Canada’s future is riding on the next 27 days, as PM Carney promises a US deal by then. President Trump has yet to acknowledge such a commitment having been made.

Even if Prime Minister Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.

This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).

Why is a new trade deal to resolve the remaining trade disputes with the US so important?

Because President Trump has said that those countries without a trade deal will get a “Take it or Leave it” letter. Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/

That could make it so much worse for Canada.

Carney has 27 days left.

This is not a Liberal/Conservative thing.

Canada needs to win with a deal that restores confidence in the economy. 

Should Carney succeed, then confidence in the economy will surge. 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.

Should Carney’s efforts fail, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.

Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/

Read more:  

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Breaking: Mark Carney Promises a US Deal by July 17 despite no acknowledgment from the US.

Canada’s future is riding on the next 30 days, as PM Carney promises a US deal by then. President Trump has yet to acknowledge such a commitment having been made.

Even if Prime Minister Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.

This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).

Should Carney succeed, then confidence in the economy will surge. 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.

Should Carney’s efforts fail, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.

Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/

Trump’s comments on Canada flying home from the G7

Read more:  

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Breaking: President Trump leaves G7 early.

(UPDATED)

Breaking: President Trump has left the G7 early.

Sadly, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.

Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/

UPDATE:

Canadian media are reporting that President Trump and PM Carney have agreed to extend trade talks for 30-days. US sources have yet to confirm this arrangement.

Read more:  

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Give credit where credit is due – Palace Place Shines in The Globe and Mail, Thanks to Luke Dalinda

The Globe and Mail is Canada’s largest and most read newspaper in print and online. When The Globe and Mail wants insight into the real estate market for Palace Place and Humber Bay Shores, they contact Luke Dalinda. You should too.

Palace Place prominently featured on the home page of the real estate section of The Globe and Mail

Here are the Globe’s latest articles featuring Palace Place and Luke:

Crunch time for Toronto home sellers as spring market heralds burst of activity

https://www.theglobeandmail.com/real-estate/toronto/article-real-estate-toronto-home-sellers-spring-market

Buyer chops $111,000 off price of Humber Bay condo

https://www.theglobeandmail.com/real-estate/toronto/article-buyer-chops-111000-off-price-of-humber-bay-condo

The Footnote

Palace Place, 1 Palace Pier Court, Suite 3502 has sold for the highest price per square foot ever achieved at Palace Place at $1,170.

Luke-Dalinda-Achieves-1170

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Breaking: Canada’s Last Hope – Comments from Trump and Carney at G7

Breaking: This morning on Fox News, President Trump and Mark Carney have announced their intention to resolve the remaining trade disputes in the coming days.

The Canadian economy could change overnight on an announcement of any form of a good deal between the two countries.

Should these efforts fail, Trump has already said that “Take it or Leave it” letters would be issued to countries without a deal. Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/

Stay tuned…

Read more:  

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

In the Globe and Mail again today: Luke Dalinda talks condo market & Palace Place sales!

In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place, 1 Palace Pier Court sales!

“Agent Luke Dalinda found two buyers for this newly renovated two-bedroom unit at the Palace Place condo complex by the mouth of the Humber River. They were both clients he had shown numerous other properties, including some in the same 32-year-old building. But both wanted to make their first offer on this property. “I do a lot of international marketing now, so [one set of] buyers were coming back to Canada, and it just so happened another party was looking too,” said Mr. Dalinda.

https://www.theglobeandmail.com/real-estate/toronto/article-buyer-chops-111000-off-price-of-humber-bay-condo

THE FOOTNOTE:

Palace Place, 1 Palace Pier Court, Suite 3502 has sold for the highest price per square foot ever achieved at Palace Place at $1,170.

Luke-Dalinda-Achieves-1170

Read my other recent interview with The Globe and Mail here:

https://palaceplace.com/in-todays-globe-and-mail-luke-dalinda-talks-condo-market-palace-place-sales-3/

When The Globe and Mail wants insight into the real estate market for Palace Place and Humber Bay Shores, they contact Luke Dalinda.

You should too! 

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170Dalinda.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Breaking: Trump Announces “Take It or Leave It” Letters to Countries Not in Negotiations, Including Canada

Breaking: Trump has just announced on Fox News that the US will send “take it or leave it” letters to the remaining countries that haven’t been in recent negotiations, meaning there will be no negotiations with them. Due to the complete lack of transparency from our Canadian federal government, we can only conclude that Canada would be included in this “take it or leave it” list due to its continued inability to strike a deal with the USA.

President Trump has said, “We’re going to send them a letter telling THEM what the deal will be”.

It seems the ship has sailed for Canada.

While other countries move quickly to secure U.S. trade deals, Canada remains complacent and apathetic. 

As Eric Trump has repeatedly counselled on X, “I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win – the last will absolutely lose. I have seen this movie my entire life…”

Yet again, Luke Dalinda has broken the news that has since set X ablaze carrying this report, citing Luke as the source. For news at the speed of need, always follow @LukeDalinda and this blog!

Read more:  

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place sales!

In today’s Globe and Mail: Luke Dalinda talks condo market & Palace Place, 1 Palace Pier Court sales!

The units that do sell tend to be spacious and renovated with a view of the water, Mr. Dalinda says.

https://www.theglobeandmail.com/real-estate/toronto/article-toronto-condo-buyers-are-out-there-but-taking-their-time/

In the resale market, spurts of activity come from downsizers and first-time buyers, but sales and showings vary from week to week, says Luke Dalinda, real estate agent with Royal LePage Real Estate Services,

As in other areas of the GTA, investors have mostly vanished, and the buyers tend to be people who plan to live in the unit.

In late May, there were 328 condo apartments listed for sale in Humber Bay Shores near Park Lawn Road and Lakeshore Boulevard West.

“We’ve never had over 300 before,” says Mr. Dalinda. “It’s beyond a buyer’s market.”

Sellers who see their unit languish on the market are often turning to the rental market instead.

“That’s a conversation that’s happening a lot,” says Mr. Dalinda. “The landlords you’re seeing now are not landlords by choice – they’re forced to be landlords.”

At the end of May, 250 units were available for lease.

In April, Mr. Dalinda drew two offers for a two-bedroom condo listed with an asking price of $1.499-million at Palace Place in the Humber Bay area.

Unit 3502 at One Palace Pier Court sold after 32 days for $1.388-million.

The successful bidder was a young professional who was buying for the first time, he adds.

Mr. Dalinda says the recently renovated unit provided 1,186 square feet of living space and views of Lake Ontario and the city skyline.

“We were a bit aggressive with the price,” acknowledges Mr. Dalinda, but when he listed the unit in March, he hoped that trade jitters would settle down.

Instead, April brought more uncertainty and buyers became more indecisive.

The units that do sell tend to be spacious and renovated with a view of the water, Mr. Dalinda says.

That tranche of buyers favours large units with solid floor plates and thick walls, he adds.

“They like having a suite where they can play a piano and not have to worry about their neighbour.”

When The Globe and Mail wants insight into the real estate market for Palace Place and Humber Bay Shores, they contact Luke Dalinda.

You should too! 

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170Dalinda.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Stand Firm: Don’t Surrender Your Property’s Worth

Stand Firm: Don’t Surrender Your Property’s Worth

Sellers hold firm on your prices. You poured sweat and sacrifice into owning your property—don’t let it be snatched up cheaply by those unable to match your investment. This is not about redistributing wealth from the haves to the have-nots. Hold your ground. The world we are enduring right now was created by those who are definitely no smarter than you are, so take it back! As consumer confidence rebounds, the market will stabilize. In the meantime, fight for what you have worked so hard for by demanding transparency, accountability, and action from your government.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170Dalinda.com

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Bank of Canada holds policy rate AGAIN at 2.75%.

Today, June 4, 2025, the Bank of Canada has announced that it is holding rates again at 2.75%.

While the BoC cites trade disputes as the biggest driver of uncertainty, there remains no efforts or plans by our leaders to negotiate deals or offer Canadians confidence. Instead, we continue to sit in limbo. With the exception of steel, aluminum, and some food products, the trade war described in the media is highly exaggerated, given USMCA exemptions and other tariff relief. For more insight on that, please read: https://palaceplace.com/are-we-really-in-an-economic-crisis/

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 4.25%

The next scheduled date for announcing the overnight rate target is July 30, 2025.

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Desjardins Finds Lack of Fiscal Transparency in Canada’s Budget Delay

Desjardins’ Key Findings

A report by Desjardins, which had been published on May 23, 2025, has issued caution over a lack of fiscal transparency by the Canadian Liberal government from its delays of the 2025 Budget until the fall. Because of the government’s failure to publish timely deficit forecasts and fiscal targets, Canada risks eroding its fiscal credibility. Increased spending and tax cuts, driven by broader economic pressures from U.S. policies, are the main drivers of concern. Desjardins projects federal deficits to be much larger than had previously been planned, estimating a cumulative deficit of a quarter trillion dollars over the next five years (2025-2030). In fact, it has been predicted that Canada will issue $600 billion in debt in 2025-2026, approaching levels that had been seen during the peak of the pandemic in 2020-2021 (Graph 3 of the Report). This lack of transparency and growing deficits could lead to a sovereign rating downgrade, impacting Canada’s standing in global markets.

Impact on Real Estate

Toronto and Vancouver have already faced significant price drops and cooling demand in their condo markets, with prices in the Greater Toronto Area down 16.5% and Greater Vancouver down 9% since their 2022 peaks, alongside sales declines of 30% and 20% year-over-year as of April 2025, respectively. 

Higher Interest Rates

Large-scale government borrowing to finance these deficits may further drive up interest rates by increasing credit demand, with the Bank of Canada potentially raising rates to curb inflation from heightened spending, which would further increase mortgage borrowing costs, intensifying pressure on these already strained markets. Additionally, a potential sovereign rating downgrade could raise borrowing costs for developers, slowing new housing projects and exacerbating supply shortages.

Outlook: A Deepening Crisis – Canada needs Confidence Restored Now

Without immediate transparency and the communication of a plan by Canada’s new Prime Minister Mark Carney, Canada’s fiscal mismanagement and the delayed Budget 2025 are poised to deepen the economic strain, likely pushing the real estate market into a prolonged downturn, as affordability worsens and global confidence in Canada’s financial stability erodes further.

Reference: Desjardins Economics (2025). Mixed Signals on the Budget Risk Eroding Canada’s Federal Fiscal Credibility

https://www.desjardins.com/qc/en/savings-investment/economic-studies/canada-federal-deficit-debt-23-may-2025.html

Additional Information: https://palaceplace.com/are-we-really-in-an-economic-crisis

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.

Market Outlook: Now is the time to BUY

When Canadians realize that we are not in a full-scale trade war with the U.S., but rather facing manageable trade disputes that can be resolved through mediation, confidence in the economy will surge. 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.

Source: https://palaceplace.com/are-we-really-in-an-economic-crisis

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even 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.

Follow @LukeDalinda on Instagram!

View all current and past Palace Place listings for sale here.

Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.

View all current and past Palace Place listings for sale here.