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They can take longer than occupancy. They will just be liable for penalty payments to buyers. As well, buyers can exit the agreement. Alternatively they may ask buyers to sign agreed extension on the April 2025 date for the interest of completing the project and maximizing gains for all...

Inclusion rate , interest rates , immigration house purchasing restrictions .. all impact the market

UPtowns - if they do up new contracts, what is the upside potential? $35 million, $40 million? Prices of current pre con isn’t that high, and builders are having to offer all sorts of discounts and incentives to sell. Now what is the cost of time, expenses, opportunity cost of going through...

I think t CD Trudeau just implemented new tax laws that will suppress housing prices, plus their housing strategy. Market is going to be bad for a couple of years still. I don’t see much market gains to be had, it will be tough to sell pre construction. Everybody knows now that pre...

How much more could they really ask? The market isn’t great, interest rates are still high. Also there’s a lot of cost associated with cancelling, legal fees, advertising a new project, paying agents, new permits, reopening the sales office, doing up new agreements, finding buyers, and all of...

We all just want the deposits, photos , progress , all just distraction lol

Oh I didn’t know that, that would be great. Anybody know when their deadline is to sell, and they must provide us our deposits back?

I’m preparing for April 2025 , which is outside occupancy. I can’t imagine anyone trying to buy uptowns, unless KSV is willing to sell for 10c on the dollar. There’s nothing done.

Yeah, like a couple more. Not so many. I didn’t see them last year. Stilll looks like moving very slowly.

passed by uptown’s , just saw the holes covered and maybe like a couple units starting to be build .. Doesn’t look like much work has been done since last spring

I understand. But what in the case it doesn’t get sold, April 2025 would be the latest we could be waiting. Which would allow us to exit the agreement.

I think we may wait until April 2025 outside occupancy, to receive deposit back. This would be the latest I believe.

If Uptowns and DXE don’t get approved for buyers. What are the possibilities? 1) Cancellation of agreement or 2) force completion?

Great idea. To meet collectively, once we know what is happening and the options. 👍👍

Is there a chance KSV will offer a settlement amount for equity lost? Or we will definitely have to sue for this?

I guess when we have the resolution for buyers, we can take the steps towards suing? Once confirmed and documented, the purchase agreements are not going to be honoured?

I’m on standby and ready to sue when the time comes. Vandyk doesn’t care about us. KSV doesn’t care about us. Let’s go for it.

We can take deposits And sue? It would be KSV we sue ?

I think collectively, the Uptowns buyers.. we should reject the offer for deposits (and not sign anything with respect to receipt of deposits back). And we should class action sue the builders and/or KSV for the lost equity between 2017 and whenever the build is done. If we take the deposits...

I don't know if this is evidence the money is still in trust. I think this is just them gathering info regarding the people who paid the deposits.