Deanfeb
Active Member
have not seen any in Brampton, DANIELS may have one coming up on Steeles and Mississauga rd area..
- Thread starter gquest
- Start date
jbaa1
Active Member
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.
denfromoakvillemilton
Senior Member
So this is cancelled too? Vandyk did some damage that's for sure.
jbaa1
Active Member
Uptowns not cancelled. It’s ongoing under receivership. Waiting results, speculating conclusion within 2-6 weeks.
jbaa1
Active Member
Do you have a project with VANDYK ?
Deanfeb
Active Member
jbaa1
Active Member
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. Receivers getting rich!!
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random
New Member
I doubt they’ll raise prices that much.
rbt
Senior Member
Some buyers wont be able to close with today's interest rates and others would back out regardless. If they ask for $1k then they might as well ask for $200k as they'll find themselves in a tough place.
It seems safest to write-down the loss, trim the budget as much as possible (finishes), and force existing firm buyers to close ASAP.
jbaa1
Active Member
random
New Member
Yep, I just see them asking for an extension on the occupancy date and then start building
jbaa1
Active Member
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.
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SRAMP
Active Member
Recent update from KSV. Hopefully we would get an update soon.
jbaa1
Active Member
When was this posted? Isn’t this old news?
random
New Member
Posted like a week ago, I believe.