When was this posted? Isn’t this old news?

I think they won’t even ask for extension. They’ll just deliver late, and bank on that people won’t cancel seeing that there is significant progress. And if any interest claim on late delivery, just take the L if required.

Agreed. This or cancel.

This is why I’m saying given the economy and sensitive situation with the uptown’s buyers … there is a chance they just build as fast as possible and close this up, and move on. Economy is really crappy, new condo / precon are not selling. Only thing selling is receivership contracts...

Do you have a project with VANDYK ?

Uptowns not cancelled. It’s ongoing under receivership. Waiting results, speculating conclusion within 2-6 weeks.

Yeah I haven’t seen much as well. Pre con is not making much sense anymore, they are asking WAAAY over current prices and people are not biting.

This example is receiver selling to a builder right? Not receiver taking over the project and managing the build? And anybody know what 2 bed 2 wash stacked town is selling for currently in the market in Brampton? Existing and pre-con?

Amazing ! Well done !

Who’s buying that? Builders are having real hard time, and people are unloading trying to assign. Market is terrible. Existing 1 bed in Mississauga selling for 400s. I know people trying to assign sale and having hard time.

Ya there’s the optional 2 or 3.. I got 3. Haven is the one above oasis I believe , all 3.

Did lawyer who is holding your deposit confirm they have it still? Uptowns I believe they’ve confirmed they still have it, and has not been distributed to VANDYK.

Is high grove deposits secure ? Did you contact the lawyer holding it ?

April or May we should get some conclusion

And yes .. they said either agreements will remain. Or they will ask for more as per lenders needs. But changing terms will come with additional cost and time. So they’ll need to calculate their cost v benefit , if asking more is worth it. Because it will almost definitely cause most to get...

The possibilities are obvious. The timeline was implied.

Good news is, I believe by end of May, we will know if we are either getting our deposits back or getting our units. The conclusion is near.

Right makes sense. Except VANDYK 😂

Are you saying they can keep terms the same, price and time, but cheap out on material?

If terms change , yea they will need to - or amendment If not; then no