Westlake Condo Takes Shape on the Etobicoke Shore

Westlake Condos - Etobicoke

Westlake

It’s already been said Toronto is home to a beautiful waterfront, and developers know. But, in an added twist, the building of Westlake Condos is bringing an entire village to the outskirts of Mimico.

Situated just outside the downtown core, in nearby Etobicoke, the new area will include three buildings for living (including townhouses and penthouse suites), and retail space.  A place to live and shop, (and eat and sleep).  Sounds like the developers are really thinking of it all. Potential plans for the retail space could include a grocery store, pharmacy, recreation, entertainment and dining.

What’s more, plans  for the ‘urban village,’ are said to be the first of its kind, on Etobicoke’s Lakeshore.  Topped with tree-lined streets, great amenities and closeness to downtown, the site is also conveniently located by the QEW, two transit systems and Pearson International Airport is only a short drive away as well.

by Guest Blogger:

 Alexandra Christopoulos

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