Surprise, Surprise, the crane for One Bloor East went up today was not expecting this phase to begin so soon, but delighted to see anyways. The work of pouring concrete and adjoining structural steel will begin and a tower soaring 75 floors and almost 260 meters into the sky will begin. If it wasn't for Aura down the street One Bloor would be the tallest pure condo tower in Canada. I'll keep you posted with regular construction updates on this project as well as many others on this site.
Getting a Mortgage and Mortgage Insurance through Aviva Canada 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 Aviva Canada 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 Aviva Canada is actually one of the major financing costs on home loans.
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