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.

Nope, nothing yet.

Service List updated with legal counsel for Senator Homes (Discovery II) Inc. - potential new developer? Anyone with any scoop or info on Senator...

Use archive.ph and paste the article link.

According to KSV, yes our initial deposits should be covered by Tarion Guarantee + ECDI from Trisura Insurance. Also I think someone reached out to SR Law a couple months ago and they told us that they still have our deposits in the trust account. Because technically our Agreements of Sale are...

No more Vandyk branding lmao

Did anyone else get this communication? Doesn't seem like I did.

https://www.bramptonguardian.com/business/lenders-file-application-to-place-several-gta-vandyk-housing-projects-in-receivership/article_f30ec4c5-784a-53e9-b100-1e9cf50e8cc5.html " "The Vandyk Group remains committed to seeing its projects through to completion,” said Dan Rosenbluth, Vandyk’s...

They e-mailed this directly to you or was there some mass communication?

FTHB here, going to scrape together whatever I get back along with my current savings and try to get an existing property. Will probably be older and smaller but at this point I'm not entering 2025 without a house to my name lol. Sucks that I would have saved money from other purchases I made...

Word is spreading - two other sites referencing the Globe article. https://storeys.com/vandyk-receivership-development-debt/ https://www.blogto.com/real-estate-toronto/2023/11/toronto-developer-bust-200-million-debt/

Going to stand at the site like this until I see the cement trucks pull up again

https://www.cbc.ca/news2/interactives/forms/go-public/ Have seen quite a few people be able to air their greivances on this CBC show. Apologies to the thread as I have some other major life events going on at the moment that has limited my involvement, but as soon as I am free I will join full...