4950 Yonge Street (North York and Sheppard)

4950 Yonge Street - The Madison Centre

4950 Yonge Street - North York Centre  (aka The Madison Centre)

Going north from Emerald Park Condos and Sheppard Centre you run into this tower. 4950 Yonge Street, with the Moxie's Diner, Extreme Fitness at the ground level. The building also goes by the name "The Madison Centre"  The building was built in 1986, and has been a fixture on the North York Skyline ever since. 

The Building is 24 Floors, and is Class A Level, containing floors space of 354,000 Square feet. It is located on the West Side of Yonge Street Just north of Sheppard and Highway 401. The building is located over the Yonge Subway line, and is connected via underground through the Government of Canada building at 4900 Yonge Street, to the Sheppard Centre Mall.

Internal Interest Rates : (Factor: Positive)

The Bank of Canada has stated it's desire, to maintain the low interest rate environment in Canada. This of course will have a positive impact on the Toronto economy, it keeps people buying stuff, and it enables people to repay their debts in a reasonable fashion. Low interest rates will keep the housing market going, even as the federal government continues to tighen up the regulations regarding homebuying and builder financing. Even as hard as they try, the one area of the country that benefits the most from low interest rates is Toronto, as Toronto is the Financial Capital of the country we can turn free money, into more money through investments and trade. Read More 

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.