Saturday, 22 September 2012

Hullmark Centre Construciton Update - September 2012

Hullmark Construction Update - September 2012

Here is the latest update on the Hullmark Centre Towers that are under construction at the corner of Yonge and Sheppard. The towers developed by Tridel and Hullmark Developments will not only contain massive numbers of residential units but, business and retail functions as well.

Here are some additional Pictures





















Previous Construction Updates

August 2012 - Hullmark Centre Update


Here is a break down from the Tridel Website on the Development:

Introducing office space where success comes easy

A signature office condominium is rising soon at the intersection of Yonge and Sheppard, featuring the most prestigious offices to grace the North York skyline.

This is an exceptional opportunity for those who want to own a defining landmark business address in the heart of downtown North York.



PROJECT HIGHLIGHTS
Canada's most prestigious office condominium
North York's most succesful residential community
Business Concierge Service in Lobby
Common Executive Boardrooms
Paid Underground Commercial Parking Facility
Whole Foods Market
Tridel and Hullmark Corporate Centre

PROJECT HIGHLIGHTS
Canada's most prestigious office condominium
North York's most succesful residential community
Business Concierge Service in Lobby
Common Executive Boardrooms
Paid Underground Commercial Parking Facility
Whole Foods Market

PROJECT HIGHLIGHTS
Canada's most prestigious office condominium
North York's most succesful residential community
Business Concierge Service in Lobby
Common Executive Boardrooms
Paid Underground Commercial Parking Facility
Whole Foods Market

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.





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.

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