Do you remember who said this? Was it one of these three?

This is crazy...signed off on $120M without any documents. And we wonder why developers are comfortable with doing whatever tf they want. Courts are an absolute joke.

Surprising considering that it is outlined in section 26 (c) of the Factum they presented to the judge.....

What about the Trisura ECDI insurance? Shouldn't that pay out the remainder, at the very least?

Did you ask SR Law specifically or was this mentioned in some KSV documentation? I remember SR reaching out in March regarding the T3 filing for tax purposes, meaning they had this money on them at least until this point.

2022 was a crazy time.....

I think it started as a building thread but seeing as there has been no building (lmao), it turned into a discussion thread primarily. I think one of the other mods just let it be back in like 2022.

579K in 2018 for Oasis 3br rooftop unit - yeaaah I think they're gonna increase my price lol.

Judging by the tone of this section, looks like KSV has accepted that the old contracts are as good as cancelled because of our Outside Occupancy Date. Since they’re going to be losing most of their pre-sales, I fully believe they’re going to amend the prices to current market rates to try and...

This clause gave me cause for worry - at $20M in development charges across 240 units, this is putting dev charges at about $83k per unit. I didn’t get development charges capped in my contract so I’m sh*tting bricks about what that bill would look like if I close. I think they’re going to...

Pretty sure this is for the Heartlake Collection land - that was being marketed by CBRE as per KSV.

I just sent one off myself. Let's see if they reply.

Same NIMBYism is why Downtown Brampton still looks the way it does.

Longtime members of the thread might remember this mysterious fellow who dropped all the contact info of Vandyk upper brass - he mentioned here in June '23 that PCL was hired after they got rid of Toddglen. Lends some credence to PCL being the ones to take over again.

https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/kingsett-mortgage-corporation-and-dorr-capital-corporation-v-vandyk---uptowns-limited-et-al/reports/vandyk---3rd-report-of-the-receiver---final.pdf?sfvrsn=dc3126b6_3

Hopefully - Lakeview DXE was pre-selling in 2021 when prices were going crazy, so it makes sense for their units to still be ~market value. Our timeline is earlier so I'm worried about them deciding to re-market. This is definitely a step in the right direction, though.

KSV Restructuring (receiver) just finalized PCL as the construction manager - this is being built! Estimated completion date March 2027...

Even concrete isn't terrible if the builder is competent - stacked towns on Gore and Queen by Royal Pine (I think?) were concrete and they put them up within 8 months. Applewood Towns on Burnhamthorpe and Dixie were wood, went up in < 6 months.

Guys, all things considered - do you think I should hold on and wait given the option? I am a FTHB and I bought Oasis at 570k in '18. I was pretty young at the time so I didn't mind the wait until 2023 so it's been bonus up until now, but I've been renting since Sept '23 waiting for further...

You understood correctly, this has been the case all along.