10 York Mega Skyscraper - New Design Release

10 York Mega Skyscraper - New Design Release

Updated :

• Project downsized due to community concerns regarding height of original 75 Floor Design
• Original Design didn't follow the pattern of the triangular lot
• Original Deisgn had above groud parking.
• The new tower will feature below ground parking.
• Condo Market may have had more to do with downsized redsign than community pressure
• Developer didn't state the reasons for the downsized development (Tridel - Developer) 
• This project is a partnership with the City of Toronto that owns the land on which the tower will be built.
• The project is directly to the south of the ICE Project of Lanterra

New Design has been released for the Mega Skyscarper 10 York, which will be 68 floors tall, downsized from it's original 75 floors, and downgraded in height from 253 meters to 225 meters. The building is Tridel's biggest project to date and is located at the corner of Harbour Street and York Streets, in the Southcore Area. The project is being released at a time of slowing condo sales in the Toronto Market. However there would likely still be enough demand for this project along with HarbourPlaza by Menkes to proceed even in a downtrending market.

Without Further Ado......


Here are the New and updated Renderings for the project..


This project will become a landmark development. Not quite the development we had hoped for, but I'll take it nonetheless.

Bravo to Tridel!

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Nighttime View



Nighttime View of 10 York Development





Getting a Mortgage and Mortgage Insurance through Dominion of Canada General Insurance Company 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 Dominion of Canada General Insurance Company 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 Dominion of Canada General Insurance Company is actually one of the major financing costs on home loans.

Investment Trusts have no taken to looking to purchase rental properties and acquiring mortgages through financing auctions by the banks looking to shore up their balances sheets in light of stricter government regulation. These regulations have actually made holding residential mortgages by the large financial institutions harder to hold. Currently investors are looking to increase their position in rental properties in Toronto, at the same time the federal government in co-operation with the financial institutions are making getting and qualifying for loans and mortgages more difficult

Dominion of Canada General Insurance Company : What is Condo Insurance?
Condo Insurance is required to protect your personal contents from theft or fire damage in your condo if these unforeseen events should happen you should make sure that you have adequate protection. Some items in your condo are will also be protected by your condo association insurance policy which covers the general building. The events that are covered by condo insurance include Fire, as well as Lighting. Other weather related causes such as Windstorms, and Hail are also covered. The major one that most people worry about is theft which is covered by condo contents insurance policies.

Toronto Condo Market Report – February 26, 2014

Toronto Condo Prices continue to trend upwards, as sales also move up with general improvement not only in the Toronto economy, but the nation as a whole. Condo sale prices have not increased to the same degree as detached family housing, due to new supply coming onstream. However fears of a condo bubble, have not proved accurate, as trends move to the upside.