Friday, 14 September 2012

Uptown Condo

Quick photo I took of the Uptown Condo tower while walking up Balmuto Street in the southern end of Yorkville. This tower is just over 500 feet and was completed in 2011. The developer was Pemberton whom attempted a New York revival 1930's Art Deco Style. I will give them props for the effort even though it probably didn't turn out as well as they might have hoped. A few more like this on the launching pad further south downtown, chiefly 88 Scott near Yonge and King/Front. All signs point to it being a marginally better building than this one as well as a fair bit taller.
Uptown Condo
Residential Highrise
Executive Highrise rental Toronto
Accommodation Luxury




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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