Burano Condos

Burano Condos

Developed by Lanterra, the same developers that have brought us ICE and Maple Leaf Square. There were some issues with the Murano Condos with falling glass to to unlaminated balcony glazing. But after a long process the glass on the towers was replaced with fully laminated glazing. This tower is 53 floors and 164 meters tall. It is located on Bay Street just north of College on the site of the old Addison Cadillac dealership, which has had components integrated into this development. The property is also close by the government buildings as well as the College Park Retail complex. 

Burano Condos - September 30th, 2012

Burano Condos - September 30th, 2012

Getting a Mortgage and Mortgage Insurance through The Co-operators for financing a loan to purchase at FIVE Condos 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 The Co-operators 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 The Co-operators is actually one of the major financing costs on home loans. Investment Trusts have no taken to looking to purchase rental properties and acquiring mortgages through financing auctions by the banks looking to shore up their balances sheets in light of stricter government regulation. These regulations have actually made holding residential mortgages by the large financial institutions harder to hold.