Thank you!

Brantford

You can still get something for a decent price just outside of the GTA. My husband and I bought another 3-bedroom stacked town for just over $500K and it's bigger than Uptowns. Almost 2000 sqft

I paid $594k for the Oasis in April 2019

What I posted is what my lawyer told me. We wouldn't have to wait until April 2025, if the property had been sold to developer before that date and the developer decides to cancel all existing contracts or if the new developer asks for more money....

We can't get back our deposits right now because legally our contracts with Vandyk are still being upheld. Our contracts will still be valid until our project gets sold to a new developer. Then the new developer can do 1 of 3 things 1) Can honour all existing contracts as is 2) Cancel all...

All deposits are in trust to their lawyer. We know because Number 1: we wrote the cheques to their lawyers Number 2: We received the Form 4s that confirms that the deposits are being held in trust Number 3: Their lawyers asked us for information so they can fill out their T3 for their taxes...

Her advice to me was if they don't have enough money to pay their creditors, they don't have any extra money to pay you. So far, our downpayment is still safe and is in trust of their lawyer. And in worst case scenario Tarion has your downpayment insured (up to 10% of the purchase price)...

My lawyer advised me to be wary of joining a class action lawsuits. Because the judge can rule whatever they deem to be a fair amount, and whatever the amount they payout can terminate your contract..so after legal fees and depending on how many people join the lawsuit, your portion may be far...

So what does that mean? We're going to get our units?

Not really. The receivership company only said that as of now, the existing purchasing agreements still stands...that's as far as we know....but that's likely to change in the future....

This I believe will be block 6 on the right...the fire hydrant is fairly new. More evidence that someone is doing something.

The orange tarp is new....so there's evidence someone is working....

Yikes...

I do currently live quite close to the site. I will drive by this weekend or Monday

Did you go to the back entrance too? When I went a few days ago, i saw the pickup trucks and 1 guy in a construction vest and hard hat carrying a pipe. So I assumed they were working. But it could have very well been an inspection

If you scroll, you will see the latest updates.

And FYI: if you paid anything towards upgrades, you're not entitled to get that back according to the purchasing agreement.

Here's a portion of the document from the Receivership Company. Where it says our purchasing agreement is still in effect.

According to court documents, Vandyk was officially placed under receivership as of November 14th, 2023.