You can't run from it, you can't hide from it. It's becoming pretty well known not just in Toronto, not just in Canada. It's becoming a worldwide phenomeon, that Yonge Street has more skyscraper construction than any other street on earth. We start from the base where the water meets the city, this is where you will find the Pier 27 development.
Pier 27 Development.
This project developed by Cityzen, and Fernbrook Homes is making a statement on the Lake. A statement you can't miss.
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| Pier 27 - Condos Yonge and Queens Quay |
L Tower
If you move further up Yonge Street, you'll run into another Cityzen development. This one even more dramatic than the first. This project is the L Tower, designed by famed architect Daniel Libeskind, and struting 57 floors into the sky reaching heights of 205 meters above the road.
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| L Tower - Yonge and Front |
88 Scott
Move a bit further north to Yonge and King, and the 88 Scott development is taking shape. This project will also soar well over 200 meters and is already over 60% sales.
Massey Tower
Then there is Massey Square which is also in part with the others change the face of Yonge Street. This project is being designed by MOD Developments.
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| Massey Tower on Yonge Street |
Aura Tower - by Canderel
Next up is Aura, already under construction. Thiss tower will soar 78 floors over Yonge Street with a total height of 273 meters. The ground levels will contain retail to be known as "The Shops of Aura"
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| Aura Condo from Yonge and Dundas |
Getting a Mortgage and Mortgage Insurance through Economical 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 Economical 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 Economical 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 Economical Insurance : 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. Toronto Condo Market Report – February 26, 2014 Toronto Condo Prices continue to trend upwards, as sales also move up with general improvement not only in the Toronto economy, but the nation as a whole. Condo sale prices have not increased to the same degree as detached family housing, due to new supply coming onstream. However fears of a condo bubble, have not proved accurate, as trends move to the upside. Average Home prices are still up in Toronto, and look like they will continue to rise for the remainder of 2014. Year over year, detached housing prices increased by over 14%. Just amazing.
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