Menkes Planning Harbour Plaza Residences - Southcore

Menkes Set to Begin Marketing Harbour Plaza Residences



Menkes - Harbour Plaza Residences Southcore

Well, doomsayers, and naysayers, here is a chance to test your metal against the those of the developers. Menkes in the storm which is the Toronto condo market is planning on beginning regestration and sales of its massive Harbour Plaza Residences Development in Southcore down by the lake. I can't even begin to explain to you just how massive this project is, in fact, I wouldn't be afraid to say this is by far the largest twin tower condo development ever built in Toronto. The project entails 2 massive 70 Floor condo residences, reaching a mindboggling 240 meters into the air. If you want to put that in context, the second tallest bank Toronto in Toronto for almost 17 years was 240 meters. (Commerce Court from 1972 to 1988) What we are witnessing here is either the beginning of a new stage of massive Dubai style condo development in Toronto, or the end of our most glorious building boom. I have faith that the Toronto market, looking for accomodation or investment will snap up the units because long term, it's all about location. These towers are right on the lake, right next to the newly redesigned Queens Quay West, which will be a Paris-like Tree Lined Boulvard, just like they have in France. Champs-Elyees anyone? Ok and not just that, you're right in the heart of the new commercial centre of Toronto, named Southcore Financial Centre, south of the Bay King Financial District, South of the Entertainment District and King Street West, and right at Union Station, giving you easy access to any part of the city in an instant, as well as the new Airport Rail Link which will get you to Pearson Airport in Mississuga in under 20 minutes. This location is choice, it's amenties will be choice, and it will become the choice of  those up and coming Torontoians that want to be where the action is at.

 

Getting a Mortgage and Mortgage Insurance through Allstate Insurance Company of Canada for financing a loan to purchase at Aura 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 Allstate Insurance Company of Canada 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 Allstate Insurance Company of Canada is actually one of the major financing costs on home loans.