Saturday, 18 August 2012

Tallest Condo Ever in Canada

Aura Condo - Yonge Street
Aura Condo Rising at Yonge and Gerrard

Well, this has got to be my favorite condo currently going up in the Toronto Mega Boom, that is transforming Toronto from a quiet provincial city, into one of the global capitals of North America. The hulking mass of this tower is amazing, and it's currently only 34 floors up and still has another 5 floors to reach half way. This will be one big tower, with total floor space of 1.2 million square feet this building is bigger than almost any buiding residential or office built in Canada over the past 25 years with the exception of "The Bow" in Calgary. This building on the Toronto construction forums is known as "The Beast" or "The Monster". If you love highrise construction in Canada then there is no other place for you to be than on the mighty Yonge Street, which is seeing all of the largest projects under construction in Canada taking place on its length including, One Bloor, 255 meters tall and 75 floors, L Tower, 57 floors, and 205 meters, FIVE Condos, 48 Floors and 162 meters tall, Aura Condo 78 floors, and 273 meters tall. Other projects flanking Yonge Street include, Trump Tower, 60 floors, 283 meters, Karma Condos 52 Floors and 168 meters, and Burano Condos 48 floors and 161 meters tall. There are more 200 meter plus towers under construction in Toronto than there are in all of the United States. This is incredible when you consider that the home of the Skyscraper is Chicago and New York City, currently we are beating them to a plup. I await there arrival back in the highrise construction game, so all three cities can go at it for the top dog in skyscrapers in North America.

Realspace Management Group Inc - 416-594-9400
Bentall Kennedy LP - 416-681-3400
Commercial Mortgage Coporation - 416-236-2222
Oxford Properties Group IncExecutive Offices
DTZ, a UGL company
12 Degrees Sales Office
Kolter Property Company - 416-366-8699
GWL Realty Advisors Corporate Office - 416-359-3019
The Real Estate Office - 416-883-0095
Triovest Realty Advisors Inc - 416-203-1209
Radio City Office - 416-927-9665
Dananta Building Corp Inc - 416-928-1200
Thornwood One - 416-922-6777
Bosley Real Estate Ltd - Residential Offices - 416-465-7527
Snelgrove L S (1981) Limited - 416-482-0469
Century 21 Parkland Ltd Brokerage - 289-806-0064
Ecko Jay Realty Ltd Brokerage - 416-445-8858

 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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