761 & 763 Bay Street: Residences of College Park

761  and 763 Bay Street: Residences of College Park

 

 

 

761 and 763 Bay Street. Also known as the Residences of College Park, as they rise 500 feet into the air at the corner of Bay and College.

 

 

Attached to the Mall at College Park by underground passage. These towers were conceived at the beginning of the most recent condo boom, and started construction in 2004 and were developed by Canderel Stoneridge  of Montreal.

 

The third phase of the project is known as Aura or Aura at College Park, or The Residences of College Park 3 is under construction adjacent to this property and to the north is 777 Bay Street which use to be known as the MacLean Hunter Tower (Building). The office block within the full block property.

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