Minto's New Yorkville Towers - Plan Submitted to City

27 Yorkville - 69 floors for the tallest tower

Minto's 69 Floor Tower

Minto's proposed condo tower development over the existing City of Toronto Parking Authority Lot has been submitted to site planners and the details are in.

See these extracts from the planning document below.







Planning PDF File


The City has received a Rezoning Application to construct a mixed-use development comprised of two residential towers having heights of 55 and 69 storeys including an 11 storey podium base. The total height of the north tower is 218 metres plus a 19.5 metres mechanical penthouse. The total height of the south tower is 169 metres plus a 13.5 metre mechanical penthouse. The first two storeys of the 11-storey podium consist of retail uses; floors 3 to 9 contain a Toronto Parking Authority parking garage with 802 parking spaces; and the remaining floors are residential uses. Residential parking is located in 3 levels of underground parking. In total there are 1,172 vehicular parking spaces (370 residential parking spaces and 802 Toronto Parking Authority spaces) and 1,205 bicycle parking spaces. A total of 1,166 residential units are proposed.

The Toronto Condo Boom

The boom in the Toronto Condo industry which began slowly in the late 1990's and picked up steam in the early aughts (00's) has transformed the look and feel of the City. Highrises are sprouting from all areas of the city, mainly the downtown core, but other areas, such as Liberty Village, Etobicoke Shores, Scarborough, Mississauga City Centre and North York Centre are also experiencing rapid condo growth and densification. Part of it is the design of the provincial government, which wants to attain maximum efficiency of use out of publicly funded transit such as GO Transit, the TTC and regional lines. Plus heavy investment in infastructure such as the Airport Line, The Eglinton Crosstown LRT Line, as well as the Union Station Renovation project all of which will make getting into and out of the core far easier then ever before. At the same time providing a real lifestyle choice to those that decide they enjoy downtown living.

Getting a Mortgage and Mortgage Insurance through Aviva Canada 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 Aviva 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 Aviva Canada is actually one of the major financing costs on home loans.