Empress Walk at North York Centre

Empress Walk at North York City Centre

Empress Walk is a retail, business and residential complex at the corner of Yonge Street and Empress in the heart of North York Centre. North York is the northernmost suburb of the City of Toronto. Once it's own city it was amalgamated with Toronto in the late 90's (1998) The Empress Walk is really a circular mall with all types of retail establishments, including but not limited too: LCBO  (Liquor Store), Wendy's (Fast Food), Future Shop (Electronics), Loblaws (Grocer), Second Cup (Cafe/Coffee) and a Empire Movie Theatre, which is located on the top level of the malls circular layout.

The Empress Walk also includes, twin residential condo towers that reach 30 something floors into the air, and itself was a major catalyst for major redevelopment of North York Centre, from a business centre, which was what the former mayor Mel Lastman intended into a massive residential node, with condo highrises, now far outnumbering the numourous office towers which are also located here.

The Mall itself is located over the Yonge Subway line, and is a block north of the Sheppard line which moves east into North York. So it is also a transit hub of sorts, and it connects underground to North York Civic Centre, and the Centre City Mall across Yonge Street.

The Toronto Condo Boom

The boom in the Toronto Condo industry which began slowly in the late 1990's and picked up steam in the early aughts (00's) has transformed the look and feel of the City. Highrises are sprouting from all areas of the city, mainly the downtown core, but other areas, such as Liberty Village, Etobicoke Shores, Scarborough, Mississauga City Centre and North York Centre are also experiencing rapid condo growth and densification. Part of it is the design of the provincial government, which wants to attain maximum efficiency of use out of publicly funded transit such as GO Transit, the TTC and regional lines. Plus heavy investment in infastructure such as the Airport Line, The Eglinton Crosstown LRT Line, as well as the Union Station Renovation project all of which will make getting into and out of the core far easier then ever before. At the same time providing a real lifestyle choice to those that decide they enjoy downtown living.

Empress Walk Mall at North York Centre

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.