Nautilus Condos on the Humber Bay Shores

Nautilus Condo

Toronto’s downtown core isn’t the only part of the city receiving a condominium ‘facelift,’ so to speak. Developers are also utilizing the impressive stretch of land that’s home to the lakeshore.  One such building is the Nautilus complex, overlooking the shores of Humber Bay, in Etobicoke.

Since being near water often evokes a sense of calm and relaxation (clearly), residents who will soon be moving in are sure to enjoy a more soothing approach to living at home.

To me, these condos would seem inviting to two very distinct, yet wonderful worlds. As a city dweller, I obviously thrive being as close to downtown as possible and have access to all of the amenities. But on the other hand, who doesn’t enjoy a quiet space to unwind in at the end of the day? And, I am a die hard for the beach. Which the lakefront isn’t exactly, but I’m sure the view would be close enough.

by Guest Blogger

Alexandra Christopoulos

Rendering of Nautilus Condo

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.