Monday, 20 August 2012

Hullmark Centre - Downtown North York!

Hullmark Centre
Hullmark Centre puts North York on the Verge!

Hullmark Centre under construction in North York is putting Toronto's northern suburb on the verge of having it's own true downtown corporate centre. This building is a total mixed use retail centre, with condos, corporate offices, and recreation all tied into the underground subway station below. The core of North York is probably the most impressive in Ontario outside of downtown Toronto itself.  It looks great and with the combination of the Emerald Park development across the street we will see a real urban vibe happening here despite the fact that Yonge Street functions as a highway in this part of the city. Thankfully the sidewalks are wide and the trees are mature and huge, so it is and will continue to be a favourite hang out for locals and others from Toronto as well. Hullmark Centre's tallest tower will be 168 meters or about 551 feet, and 45 floors tall.

The Toronto Condo Boom

The boom in the Toronto Condo industry which began slowly in the late 1990's and picked up steam in the early aughts (00's) has transformed the look and feel of the City. Highrises are sprouting from all areas of the city, mainly the downtown core, but other areas, such as Liberty Village, Etobicoke Shores, Scarborough, Mississauga City Centre and North York Centre are also experiencing rapid condo growth and densification. Part of it is the design of the provincial government, which wants to attain maximum efficiency of use out of publicly funded transit such as GO Transit, the TTC and regional lines. Plus heavy investment in infastructure such as the Airport Line, The Eglinton Crosstown LRT Line, as well as the Union Station Renovation project all of which will make getting into and out of the core far easier then ever before. At the same time providing a real lifestyle choice to those that decide they enjoy downtown living.

Getting a Mortgage and Mortgage Insurance through Allstate Insurance Company of Canada for financing a loan to purchase at Aura is actually a relatively easy process, and new rules from the federal government has required that company include new regulations, which have made the home loan and mortgage process a bit more difficult. Those changes at Allstate Insurance Company of Canada include shortening the amortization period for which the loan can be held by the consumer, and the degree to which the property is financed by the mortgage. They have also increased deposit requirements to lift the loan insurance amount. Mortgage insurance from Allstate Insurance Company of Canada is actually one of the major financing costs on home loans.

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