Recent content by Nathan75

TBH, I don't know unless people openly discuss about it.

Yes, and the cash offer expires in 10 days. 'Take it or leave it' situation.

This forum is very quite and there are no info available in the internet regarding class action lawsuit. Except 'Globe and mail' no other mainstream media brought this to light. Scary.

I am also interested to hear if anyone accepted.

I tried but they said that whatever we received in the email is the final offer for the benefits. No room for negotiation.

Is everyone who comment here are investors in this project? Where to find the investors details and interested personals who are willing to take it to the next steps? Is anyone aware of how 'Home Construction Regulatory Authority (HCRA)' works? They have a complaint form to start with...

How can we get more details on it? How can we join them?

From this article: According to the Housing Inspectorate, 176 agreements out of potentially 246 units planned for the building have been cancelled. Does this mean that they have not cancelled for everyone?

According to the Housing Inspectorate, 176 agreements out of potentially 246 units planned for the building have been cancelled. Does this mean that they have not cancelled for everyone? Source: https://canadatoday.news/on/developer-blames-city-for-cancellation-of-toronto-area-condo-206300/

Anyone planning for class action lawsuit? Where can we find more details about it?

Is anyone planning for class action law suit? How do we find more details about it? Should we take the money and move on or fight?

They are offering a lumpsum amount on top of the interest to avoid any potential lawsuit. Don't know if anyone is willing to move forward with a lawsuit.

Cash incentive offered in addition to the interest and the amount may vary on the deposit structure I guess. They offer this to save their reputation and to avoid any potential lawsuits.

True, I received the termination letter.

I don't see any favourable options for buyers on a cancelled pre construction project. Please share your thoughts.