If we didnt get update, then Oct 30 would become our final occupancy date. That what contract is saying.

Yes, They are cunning, there will always be loopholes. If there are any amendment in the contract. I am out. I will only think, if amendment is only for closing date with capped development charge and no increase in price (I dont think, they would accept this). Probability of walking away...

I didn't cap the development charges. So I would ask them to cap that as well, if they plan to just amend the occupancy dates. If not, I will be out. ;). I think they would charge at least 50k for development fees.

I doubt that. How can they arrange parking for those people, if they dont have garage. Also I think we only have 9 more months for April 25. if there is no construction going on now, it would be extremely difficult to meet that time line. It would be mutual agreement for everyone.

I think it depends on how much they increase the price. Obviously if there is no change in price, few may consider to stay. Let's wait and see.

They have to provide some update by July 30. Otherwise October 28 will become firm occupancy date (as per contract).

Same dates. So we will get some update in a week. at least saying that they can't complete by October. ;)

is there any construction activity going-on in the site? Now, I started to think, they simply drag the decision till final occupancy date.

you can find the progress of the Vandyk receivership here. https://www.ksvadvisory.com/experience/case/vandyk

I just assume, but some one in this forum can confirm. If they miss the final occupancy date, then we can cancel the contract and walk away with the deposit. But with the current situation, I think there will be new occupancy date. If they are planning to amend the occupancy date then...

as per the reports, KSV is in the process of hiring construction manager. Hopefully we would get an update once it is done.

Recent update from KSV. Hopefully we would get an update soon.

just curious If uptowns is not sold, who would oversee the construction process. will it be Vandyk or KSV? but, It seems like Vandyk is totally out of business.

- if more money is asked, we will have the opportunity to back out and get deposits back. In this case, there will be amendment in the contract. for sure they will change the dates as well. I will decline the offer.

so many assumptions and speculations. Let's wait and see.

to maintain the current contract, construction processes have to be in full swing by now as we have only 1 year for final occupancy dates. But it is so slow and I feel like they just completed those urgent construction stuff. I hate these guessing games. Let's hope, we would get an update...

Problem is if it is new contract, it would be new occupancy dates. Let's assume occupancy date would be another 4 years from 2024 i.e. 2028. They will set 2028 price not current price. But all are just speculations. Lets wait and see. Also, I think everyone knows about Raven. Vandyk bought...

Yes. I passed highgrove site few days ago. Big ‘For Sale’ sign was there.

I already tried that. I have contacted them. They would ask you to contact Tarion if there are any concern related to pre construction.

latest notice to unit purchasers. https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/notices-to-home-buyers/vandyk---notice-to-unit-purchasers-re-sale-process-dated-march-8-2024.pdf?sfvrsn=69987d0d_3