Canada Life Building - 330 University Avenue

 Canada Life Building - 330 University Ave

The Canada Life Building was built in 1931, or at least it was completed at that time. The building is in the Beaux-Arts style. Its most unique feature is the weather beacon on its roof that flashes the weather conditions to the passersby walking on the street below. The beacon was completed in 1951, which is a full 20 years after the building was completed. The structure was the first of a planned series of buildings in the Beaux Arts style to be built along University Avenue. The Great Depression, ended most of those plans. When it was completed it was among the tallest buildings in Toronto.

University Avenue is a grand boulevard of Toronto. It is a wide promenade with tree lined median and sidewalks. For sure this is not a retail street like Yonge, or Commercial street like Bay south of Queen. It is very institutional street, with Hospitals, Research Centres, and Insurance Companies.

In 2005, a new building was added to the Canada Life grounds. The building is located a bit further west along Queen Street backing into the Original Canada Life Tower. It is connected through an elevated walkway.

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.