Excavation Continues at One Bloor

Excavation Work Continues at One Bloor

• Great Gulf Homes Project
• 75 Floors and 255 meters tall
• Located at Yonge and Bloor

Work Continues on the One Bloor Project at Yonge. Excavation is complete, although it looks like the crews there might be having some issues with water seeping into the site. This tower is going to become the new commercial centre of the Yorkville Area, when complete it will rise 75 Floors and almost 260 meters. The retail space will almost certainly be reserved for exclusive and high end retailers like such as a possible Apple Store.

The project started excavation work earlier this year, and seems to be moving at a rapid rate as of recently. It is being developed by Great Gulf Homes, whom took over the project, when Bazis the original developer lost financing with the implosion of Lehman Brothers in the United States.

Sharing My Thoughts:

 Toronto Condo Living has taken off over the last few years, and the redevelopment in North York Centre, Downtown Toronto, Mississauga and other areas has been nothing short of mind-blowing. Downtown Toronto and North York Centre might not be recognizable just due to the speed of the construction and development. Although there are some that are opposed to increased condo density, we can't discount the benefits many with regards to increased higher use of transit, walking biking and other alternate methods of  transport as opposed to using the car. Toronto just might be a leader, outside of Manhattan (New York City) in this respect. 

Excavation Work Continues at One Bloor

Getting a Mortgage and Mortgage Insurance through Desjardins Group 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 Desjardins Group 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 Desjardins Group 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

Desjardins Group : What is Condo Insurance?
Condo Insurance is required to protect your personal contents from theft or fire damage in your condo if these unforeseen events should happen you should make sure that you have adequate protection. Some items in your condo are will also be protected by your condo association insurance policy which covers the general building. The events that are covered by condo insurance include Fire, as well as Lighting. Other weather related causes such as Windstorms, and Hail are also covered. The major one that most people worry about is theft which is covered by condo contents insurance policies.