Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

[Mkazda87]

Re: Uptowns Thanks for your email. Unlike most of the other projects, the construction had started on Uptowns and we are still considering other strategic options for the project. We are working to determine the next steps and we should have an update to home buyers in the near term. Please continue to check the website, and as soon as we have an update, it will be posted right away.

 

[Deanfeb]

Re: Uptowns Thanks for your email. Unlike most of the other projects, the construction had started on Uptowns and we are still considering other strategic options for the project. We are working to determine the next steps and we should have an update to home buyers in the near term. Please continue to check the website, and as soon as we have an update, it will be posted right away

Re: Uptowns Thanks for your email. Unlike most of the other projects, the construction had started on Uptowns and we are still considering other strategic options for the project. We are working to determine the next steps and we should have an update to home buyers in the near term. Please continue to check the website, and as soon as we have an update, it will be posted right away.

Is this a recent response from KSV?

 

[Mkazda87]

Is this a recent response from KSV?

Today’s email sent out and today’s immediate response from Meg of KSV.

 

[SRAMP]

This is the recent consolidated report from KSV.

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---consolidated-first-report-to-court---final.pdf?sfvrsn=b4cfe867_3

They have something like realization strategy for uptowns and Lakeview. Not sure what does that mean? If any one can shed details on this?

 

[UptownGirl]

This is the recent consolidated report from KSV.

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---consolidated-first-report-to-court---final.pdf?sfvrsn=b4cfe867_3

They have something like realization strategy for uptowns and Lakeview. Not sure what does that mean? If any one can shed details on this?

View attachment 545486

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

 

[gquest]

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

More like they need to determine the best action that will profit the lenders they represent the most.

Don't forget that we're at the bottom of The decision consideration pyramid.

 

[jbaa1]

More like they need to determine the best action that will profit the lenders they represent the most.

Don't forget that we're at the bottom of The decision consideration pyramid.

I was hoping it could mean realize the completion of Uptowns and Lakeview, as they make mention of selling the other projects.

 

[Deanfeb]

View attachment 545453View attachment 545452View attachment 545454View attachment 545454View attachment 545455

The bricks on the walls are recent i guess companred to what i alst saw months ago

 

[jbaa1]

https://bc.ctvnews.ca/development-p...-buyers-of-doomed-subdivision-sites-1.6797643

 

[jbaa1]

https://www.cbc.ca/news/canada/british-columbia/condo-contract-cancelled-developer-1.7112666

 

[jbaa1]

2024 BCSC 216 Zheng v. Anderson Square Holdings Ltd.

 

[jbaa1]

Some interesting articles re courts getting involved in cancelled projects and making decisions

 

[ruru123456]

Just got an email from SR law titled “ INCOME TAX ACT - TRUST REPORTING INFORMATION RELATING TO DEPOSITs”

anyone else got this?

 

[FlyOnTheWall2493]

Just got an email from SR law titled “ INCOME TAX ACT - TRUST REPORTING INFORMATION RELATING TO DEPOSITs”

anyone else got this?

Yes

 

[athundo]

Just got an email from SR law titled “ INCOME TAX ACT - TRUST REPORTING INFORMATION RELATING TO DEPOSITs”

anyone else got this?

Nope, nothing yet.