Friday, 31 August 2012

Moving Downtown to the Lake

Toronto already had 1000's more highrises than American Cities with the exception of New York. The difference being that alot of the highrises were in the suburbs. Now the highrises are built throughout the downtown core. Their young inhabitants forcing corporations now to build office towers downtown. Southcore is building unreal office capacity, and it will make a difference on the feel of the city. The main intersection of York and Bremner is only one block from Lake Ontario. So the financial core is moving towards the lake. Part of the process of revitalizing the lakefront is bringing the city closer to the lake. Without all the high-intensity construction of residential towers we'd be waiting a long time for this concept to take on its own with corporations taking the lead.
Here is a look at Bremner and York looking north from the lake..

And old photo from 1990

http://farm9.staticflickr.com/8179/7887882812_2ddaaf2062_b.jpg




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.

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