ICE I and ICE 2 Lanterra - Construction Update
Update from September 19th outside the ACC. Looks like there is a Peter Gabriel Concert tonight and the fans were out having a good time.
Back to construction, the ICE towers are moving along, the shorter tower at present will actually be the taller 67 floor tower when the project is complete. Right now the shorter tower has the lead up at 41 floors of a total 57 to be built.
The towers are being developed by Lanterra and the project also includes a 36 floor office tower which is currently in sales.
The project is located at the corner of York and Bremner.
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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