Looking at escaping the downtown core, for a more relaxed condo vibe. Maybe Pemberton, has you covered with their new Vivid Condo Development at Islington and Bloor. Think about the convienence of having the subway at your doorstep, but being in the centre of one of the most up and coming neighbourhoods in Toronto. Vivid Condos promises you this type of lifestyle, with the subway, your just a 30 minute ride into downtown Toronto. Plus you're right in the heart of the Islington Village neighbourhood. The location is also close to the Go Transit, and for reverse commuters to Mississauga, their local transit is right at the intersection as well.
Amenities
The development includes Swimming Pool, Party Room , and Theatre Lounge. Of course it all comes with concierge. And there is a wide ranges of trims and finishes for the buyer to choose from.
Etobicoke Condo Boom
The condo boom, has impacted almost every area of Toronto and Etobicoke is no exception. The majority of the condo development occuring now, is happening on the Humber Bay Shores, where mega developments like Eau du Soleil are beginning their roll out, and other like Lago, are full into the sales cycle. The area is not just a suburb anymore, with the rapid transit links into the downtown core, suburban living has never been easer. And it offers a relative choice in comparison to living in Mississauga, which is a by all accounts a bit further out of the way.
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| Vivid Condos - Islington and Bloor |
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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