Pinnacle Centre and Waterpark Place from York

Pinnacle Centre and Waterpark Place

Another shot I took with my cellphone earlier this month walking back from the Harbourfront towads downtown along York. You can see the the forground is the lot of Menkes Superdevelopment of 1 York (Office) and 90 Harbour (residential) The towers of the residential building are set to rise in twin 70 storey towers.  In the background you see the completed towers of the Pinnacle Development including Success Tower and 33 Bay Street which reach between 164 and 174 meters.

Apparently Pinnacle has purchased the Toronto Star Building and Parking Lot and there is speculation that this could become one of the largest residential towers to ever be built in Toronto.

On the other side of Pinnacle is Waterpark Place, which is also getting a little larger thanks to a third phase, which will be occupied by RBC Canadian Headquaters (Operational) so I've been told. I thought it was the Global headquaters, but was informed those headquarters would remain at Royal Bank Plaza, the building clad in gold plated glass at Front and Bay Street.

The Buildings, The Photo

Pinnacle Centre and Waterpark Place

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.