The Yorkville - Condo Tower



Yorkville - Wallman

The Yorkville Condominiums, 20 McMurrich Street, Toronto, 31 floors

This tower is just north of the Yorkville Strip, and south of Davenport Road, in the upscale Yorkville Area. It is being marketed as a luxury highrise condo tower with all amenties. The building was designed by Wallman.

As described on the Yorkville Website

The Yorkville has striking features, and bright features, that sould bring a modern presence to Yorkville. It was designed to reflect the quality of the area in which it is being built. The tower itself is 31 floors and the tower terminates in a dramatic fin structure. The Lobby is 11 feet, and is all about capturing the vibe of it's modern Yorkville enviroment. The lobby itself is 2 storeys. The proejct also features Townhomes set adjacent to the condo tower.

The Building




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.