Recent content by jbaa1

Our patience has reached level Ultra Instinct / Ego

Doesn’t seem there is any indication of price or term increases as yet.

Is there any information on whether other cash / assets of VANDYK are being repossessed to redirect back to lenders and continuation of the projects?

Right makes sense

Interesting, things are happening. But What is the relevance of this?

This is why I was saying.. I think there's a chance they just complete and get their money asap, monetize the project and get everyone paid. And on another front, the lenders could be suing Vandyk for misappropriated funds and attacking: estate, other businesses, assets, personal properties...

When was this posted? Isn’t this old news?

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.

Agreed. This or cancel.

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...

Do you have a project with VANDYK ?

Uptowns not cancelled. It’s ongoing under receivership. Waiting results, speculating conclusion within 2-6 weeks.

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.

This example is receiver selling to a builder right? Not receiver taking over the project and managing the build? And anybody know what 2 bed 2 wash stacked town is selling for currently in the market in Brampton? Existing and pre-con?

Amazing ! Well done !