random
New Member
Which one was the metro?
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Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK
- Thread starter gquest
- Start date
gquest
Active Member
2 bed, on the main floor but not corner. There's also Cosmo which is 2 bed but corner
Deanfeb
Active Member
Wow.. My plan was to downgrade from a detached to a one bedroom seeing these prices got me thinking now.. Could not find anything too about cap fees rhat i had in my previous agreement .. Will call thoae fools and see..
Sigh101
New Member
Same amount.
athundo
New Member
Nothing yet for me, I bought Oasis (3br with terrace + 2 parking) for $569k in 2018. At this rate they're gonna want $800k, but what they're gonna get is my middle finger.
Deanfeb
Active Member
so I called the Real estate company that KSV hired and they said like almost 60% of first batch accepted so they are processing those and will continue same with all batches until the final , then court will continue the process building and returning deposits of those not going ahead, and the same real estate will sell the remaining UNITS.. Also if accept the APS your existing agreement will continue with those two ammendments that they send.. price and dates. I will forward my copy to my lawyer to check it.
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athundo
New Member
Without dismissing individual situations, I have to believe that the people accepting are investors...condo market is in a lull right now and many can't qualify for additional mortgages at this rate, so they're holding on and hoping that 2027 is a more opportune time. If anyone is buying to live, I feel like there are many pre-built places at very comparable prices to choose from, which don't have the risk of dev charges, additional delays, shoddy and rushed construction, etc.
jbaa1
Active Member
What a joke lol
jbaa1
Active Member
Holy fudge they accepted LOL!
Perhaps the real estate company is lying ? If not, that is ridiculous lol.
For those rejecting, how do you get deposits back? And what is the timeline?
Michelle C
Active Member
I call bull on 60% accepting. Who wants to wait over 7 years to hear we are suppose to get our deposits back and then they want to gibe more miney and wait another 2 years….WHO would do that?
Once you send your decision back to KSV they are making us wait till all the people who accepted are all good to go….then when they have all our “five me back my deposit pile” apparently have to return to court…..
Any guesses in timelines?
Once you send your decision back to KSV they are making us wait till all the people who accepted are all good to go….then when they have all our “five me back my deposit pile” apparently have to return to court…..
Any guesses in timelines?
Deanfeb
Active Member
Not sure about the real estate company but i guess they dont care if people accept o not they get to sell them again.. thats my thoughts.
Per ksv after april 25 they will return to court with accepted APS and non accepted APS then judge will grant deposits and ksv should provide a process how to apply. So maybe my guessing August?
gur3001
New Member
I received my aps. Originally bought a Haven in 2017 for 620k. Now asking for 862k.
So if we reject the new price, we will receive our entire deposit back? It says they are covered by insurance
It says:
If you choose not to proceed with the amendment, instructions will be provided in due course for requesting a deposit refund following the termination of your purchase agreement. The Receiver understands that purchaser deposits (excluding any funds allocated to upgrades) are protected by a Trisura insurance policy.
So if we reject the new price, we will receive our entire deposit back? It says they are covered by insurance
It says:
If you choose not to proceed with the amendment, instructions will be provided in due course for requesting a deposit refund following the termination of your purchase agreement. The Receiver understands that purchaser deposits (excluding any funds allocated to upgrades) are protected by a Trisura insurance policy.
Michelle C
Active Member
Their meaning of in due course means a long time. For those that chose not to accept the amendment will be taken care of last. Ksv needs to return to court so who knows when they get a court date thennnn Tarion comes into play where we need to apply through them for our deposits to be returned. Time for us all to reach out to our lawyers
gur3001
New Member
Tarion says it will only cover 20k if not placed in a trust. Our deposits are in a trust correct? It says they must return within 10 days after termination
Michelle C
Active Member
Getting confusing now. If we have to file a claim through Tarion I cant see getting deposits back in 10 days. KSV certainly know how to play their cards right. They knew after court date last year what was coming and will drag out till April 25Tarion says it will only cover 20k if not placed in a trust. Our deposits are in a trust correct? It says they must return within 10 days after termination