Patience and acceptance of a changed market help sell luxury condo

This roughly 30-year-old unit had, in another incarnation, been combined with its neighbour to create an extra-large suite, but more recently it was subdivided back to its original size.Last year, agent Luke Dalinda sold three 2,836-square-foot units in the northeast wing of Palace Place, a 47-storey building on the banks of the Humber River at Lake Ontario. But in February this year he sensed something very different when buyers showed far less enthusiasm for this similar three-bedroom model.

“These suites were selling in the $2.8-million range, but the seller was cognizant prices were lower,” Mr. Dalinda said. Every room has unobstructed views north, east or south, including the eat-in kitchen, two sunrooms and largest of three bathrooms.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monahan preaches patience on PGA Tour getting investment deal with Saudi backers of LIVCommissioner Jay Monahan spent 20 minutes Wednesday talking about momentum from a $1.5 billion private equity investment in the PGA Tour at the start of the year. When it came to an investment deal with Saudi backers of LIV Golf, he preached patience.
Source: TSN_Sports - 🏆 80. / 51 Read more »

Jay Monahan preaches patience on PGA Tour getting investment deal with Saudi backers of LIVThe earlier deal with Saudi Arabia’s Public Investment Fund passed at the end of 2023, but Monahan now says there is no deadline for a new agreement
Source: globeandmail - 🏆 5. / 92 Read more »