There use to be a time, when Toronto was know for its very internatioal style of building. Very minimal and straight forward, commonly known as a box. The Toronto box is world famous now, and seemingly at the very end of the mad construction boom that we have been having here, we are breaking the mold that has been set by Mies Van Der Rohe, and IM Pei with their landmark International Designs...well landmark at the time of the Commerce Court Tower and TD Centre Complex. There is a reason as to why the international style dominates Toronto. Toronto is a city that has been bred on pure efficiency, and to be straight up, when it comes to offices and housing, nothing beats a box. In terms of living space or open concept working enviroments, your design choice in uninterrupted when you use this very simple geometric design. This efficiency in design, seemed set to play out for a while..
..However, something happened, about 7 or 6 years ago, in the suburbs. Maybe something that will change design in Toronto, perhaps Canada forever. It was a suburban condo complex that was as borning as hell, in fact so borning, if you drove by it, you wouldn't even notice it, even though it soared between 30 to 40 floors high. The condo complex was called the Absolute Development, by Cityzen out in Mississauga. 2 very ordinary condo boxes. Didn't stand out and likely not much to make anything think thy would stand out at all. Except that there was an International Design Competition which was launched for the final two phases of the project.
This is what happened at this time...
Absolute World Design Competition
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| Rajkind Architectos |
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| Donner & Scarcinelli |
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| MAD Design |
Toronto has been forever changed.......The rest is history.
Getting a Mortgage and Mortgage Insurance through Economical 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 Economical 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 Economical Insurance 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
Economical Insurance : 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. Average Home prices are still up in Toronto, and look like they will continue to rise for the remainder of 2014. Year over year, detached housing prices increased by over 14%. Just amazing.
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