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Toronto's condo market is slowing, so getting these might be built, but remember at our peak we were selling 30,000 new condo units a year, even a bad, year of say 10,000 units, would still allow a project like this to move forward although the sales cycle would be tideious.
Here are some screencaps from a video which has now been made private.
The link to the private video is here:
http://vimeo.com/50398397
Lets Just take it all in!
Getting a Mortgage and Mortgage Insurance through The Co-operators 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 The Co-operators 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 The Co-operators is actually one of the major financing costs on home loans.
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