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| L Tower - Yonge and Adelaide |
This picture is looking south from Yonge Street at Adelaide in the heart of the Financial District of Toronto. You can see the forming on L Tower rising here at the very background of the shot. In the foreground the buildings of the old Financial District line Yonge Street. Many of these historic buildings have been restored or are in the process of being restored to their former glory.
The cladding on L Tower is slowly moving up. The concrete forming on the mechanical levels has another couple of weeks to go, at least before the building tops out. When complete the L Tower will be one of the most distinctive highrise buildings in Toronto. The sweeping arch on the north face, and the curtainwall glass bring a level of sophistication to the Condo Market, not yet seen before. The tower itself, rises 57 floors, and reaches a height of 205 meters. The building was designed, by Daniel Libeskind as part of a larger project, for a public concept museum for the arts, at the base. However when there was a lack of private sponsors willing to back the project, that segment of the project was axed from the development, leaving the condo development to stand on it's own.
The building is located at Front and Yonge Streets adjacent to the Hockey Hall of Fame, and the Sony Centre for the Performing Arts.
Getting a Mortgage and Mortgage Insurance through National Bank 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 National Bank 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 National Bank 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 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.
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