Theatre Tower
It’s not surprising that Theatre Tower will undoubtedly come with some controversy, when complete. Until otherwise, the building will be situated next to another famous (not to mention, very old) landmark in Toronto: The Royal Alexandra Theatre. Is it chance then, that this newly anticipated condo is named after all the drama its construction seems to ensue? Time may tell.
Public reaction to the initial planning was huge and garnered major responses from the city. Like so many more towers being built across the GTA, location in this trendy district would be prime for buyers, while others may argue its attraction could be too much in a city already gone building mad.
No matter what your personal stance, it remains clear the Theatre Tower is here to stay. Not to mention, the project is being lead by one of North America’s most legendary developers, Brad Lamb. Big names for big property developments.
by Guest Blogger
Alexandra Christopoulos
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| Theatre Tower |
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.
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