33 University - Empire Plaza
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| 33 University - Empire Plaza |
This uniquely shaped building is almost right at the foot of University Ave. Located close to Union Station , The Air Canada Centre, CN Tower and Harbourfront.
The tower is 28 floors and offers 223 suites. The designs are large, and asymmetric in shape. The suite sizes range from 900 feet for one bedrooms all the way up to 2000 square feet for the penthouse levels. There is a Subway, and a Breakfast shop at the base of the tower. The second come is just behind at 1 University Avenue.
Internal Interest Rates : (Factor: Positive)
The Bank of Canada has stated it's desire, to maintain the low interest rate environment in Canada. This of course will have a positive impact on the Toronto economy, it keeps people buying stuff, and it enables people to repay their debts in a reasonable fashion. Low interest rates will keep the housing market going, even as the federal government continues to tighen up the regulations regarding homebuying and builder financing. Even as hard as they try, the one area of the country that benefits the most from low interest rates is Toronto, as Toronto is the Financial Capital of the country we can turn free money, into more money through investments and trade. Read More
Getting a Mortgage and Mortgage Insurance through National Bank Insurance 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 National Bank Insurance 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 National Bank Insurance 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. Currently investors are looking to increase their position in rental properties in Toronto, at the same time the federal government in co-operation with the financial institutions are making getting and qualifying for loans and mortgages more difficult
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