Recent content by PharmacistMD

From my understanding , they only cap increases in development fees, parks levies etc. Any increase in cost after February 2016 is being paid by the builder and baseline is paid by us . That’s their explanation. Obviously more convenient to builder. I’m being charged 17k+HST for development...

I reached out to my lawyer and she spoke to the lawyer representing the builder. Apparently the cap is for any increased portion from the time the contract was signed to closing. At the time the contract was signed, per the City of Toronto's website, " the development charges for a one bedroom...

Just to confirm, despite credit being refunded, you’re also being charged substantially more than 5.5-6.5k amount ?

I have one bedroom so our total amounts will be different. I’m seeing being charged roughly 25k and being refunded 8k . Meanwhile P&S (schedule E) says that one bedrooms are capped at 5.5k and 6.5k for 2 bedrooms. I’m not a lawyer, but I do see discrepancies.

Hey everyone , this morning I noticed that final statement of adjustments has been posted. Did anyone get a chance to see these. I noticed being charged substantial amounts for development fees along with parks levy( a lot more than capped amounts stated in P&S agreement).

Do you know where that information comes from?

That’s for sure. They can only cash out when it’s finished. But I think they also screwed up a lot especially with rezoning issue which delayed everything by more than 6 months. But hey, someone has jacuzzi now haha.

They don’t answer emails or phone calls. I guess they are waiting until rates go up and we have more problems with our mortgages lol.

Does not seem to be likely at this point. I guess it is happening in January. Did anyone hear anything about this?

Thankfully application was approved during the hearing, does anyone know when to expect registration from now on? Do you guys think we might register this year?

Where do you guys find this information? thank you

Has anyone heard anything about final closing? I spoke to the property manager and she does not have any information or not giving it. My real estate agent does not have any information either.

I emailed them roughly a week ago. No reply.

Hey guys. Has anyone heard anything about closing date the building ?

Are any of the investors over here? Just wondering if anyone was able to rent out anything given the price restrictions?