Emerald Park Condos - Yonge and Sheppard (Bazis)

Emerald Park Condos - Construction

Emerald Park Condos - Construction Update - September 29th (Bazis)

Construction Update by me on the Emerald Park Towers which are currently rising at the corner of Yonge and Sheppard. These are landmark towers for North York in that they are a true divergance from the typical boxy condo we are used to seeing in the suburbs. This is truely urban downtown design moving North, and we are proud, that North York seems to be developing into a true commercial, retail and residentail hub for the entire GTA.

The Condos


Roy Varacalli designed the towers, which will reach up to 42 floors for the taller tower and 32 floors for the shorter tower. There will be 550 units in the buildings in combination. Plaza Corp is also involved in the development of this project.

September 29th, 2012



















Rendering of the completed towers

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.