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Espanola, Ontario Mortgage

“Espanola” has been attributed to a story which dates back to the 18th century. The First Nations Ojibwa tribe of the area sent a raiding party a long distance to the south and brought back with them a white woman that spoke Spanish. The woman married a local Annishnabeg of a family living near the mouth of the river and taught her children Spanish. When the French came upon the settlement and heard fragments of Spanish spoken by the local natives, they remarked “Espagnole”, which later anglicized to “Espanola”, and the river was named the Spanish River.

Espanola was founded in the early 1900s as a company for the employees of the Spanish River Pulp & Paper company, which opened a pulp and paper mill there. The town expanded quickly becoming a bustling company town. On January 21, 1910, a Canadian Pacific Railway train derailed 10 km east of Espanola. 43 people died from the railcar’s plunge into the icy water of the Spanish River. It was one of the worst railway accidents od CPR.

In 1930, the mill was closed due to the Great Depression, and Espanola became a ghost town until the Second World War, when the mill site became a camp for German POWs. In 1946, the paper mill was reopened by the now defunct “Kalamazoo Vegetable Parchment Company”, producing kraft paper.

Espanola was officially incorporated as a town on March 1, 1958.

The history of Espanola, Ontario is deep. The outdoors’ life of the town is beautiful. The town offers a quiet, nature filled lifestyle for the outdoorsman, while still being close to a large city (Sudbury, Ontario). If this lifestyle suits you, then buying a home in Espanola is a great choice.

SudburyMortgageBrokers.com offers Espanola home mortgage products. Espanola mortgage products include, Espanola variable mortgage rates, Espanola fixed mortgage rates, mortgage Espanola purchases, and home mortgage Espanola refinancing. For your Espanola mortgage, visit Sudburymortgagebrokers.com.

Posted by Kevin Somnauth, CFA
Sudburymortgagebrokers.com (http://sudburymortgagebrokers.com)

49 Responses to “Espanola, Ontario Mortgage”

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