Citigroup Place - Front Street

Citigroup Place - Front and University.

Second stage of my walking tour down University Avenue. This building is actually on Front Street and is the Canadian Headquarters for Citibank in Canada. The building is connected via the underground PATH to Union Station and the Royal Bank Hotel. To the south of the building is the railway and then Southcore Financial Centre. This area of Toronto is booming with construction. Including the massive renovation of Union Station both the commuter and subway portions. To the west of the building is the Metro Convention Centre, Rogers Centre and the CN Tower.

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.