Thursday, 13 September 2012

736 Bay Street - 90s Era Condo

736 Bay Street -Built in the Early 90's

One of the few buildings that I saw being built in the post recession 90's. Even had its own infomercial to sell the condos. Took some photos while walking down to the Sheraton tonight.

  • Luxury Rental Complex
  • Condo Construction 
  •  Bay Street Towers 
  • Toronto 90's Real Estate Market Crash




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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