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Who even is sierra farr, and osler? And asking who? The court for approval to ask for more money? Or asking Byers ?

Gimme my mooneeeyy 🤌

Would be great if they could speed it up, would be nice for my (and my bro’s) deposit back before Christmas lol.

I don’t even know how they can make money after all this. Pre-con market still sucks. And stacked towns markets still depressed. No buyers.

Crazy they’re continuing to build, without purchase agreements firmed / in place. I believe most contracts will have an outside occupancy, earlier than their completion date.

Did court approve increasing prices ?

And KSV is probably monitoring this thread and using what everyone has to say, to strategize the next moves.

Half the buyers want to close, half want to cancel. Then here’s KSV want the buyers who want to cancel to close. And the buyers who want to close to cancel. Very twisted reality.

I see. So basically they will hold your deposit until the outside occupancy date. If they complete before then, you can’t get deposit back. If they don’t amend purchase price (not with respect to development fees), you can’t deposit back. If you didn’t cap development fees, there is risk at...

I’m confused why so much interest in completion date. Doesn’t mostly everyone here just want their deposit back anyway? Or are people actually aiming to complete the process and close the unit?

This project is past outside occupancy of April 2025. Everyone can terminate and take deposit. Nobody is forced to stay in agreement. Anybody who does stay, it’s at their own risk.

If they cancel, there is no agreement. So that means new prices, new timelines, new deposits, basically restart the process. And yes you’d be able to cap fees.

Amendment to price and new closing dates will have to be accepted together. Alternatively, they may just cancel all agreements due to the outside occupancy date failing.

Sorry just to summarize everything here: - we should take our deposits and run, as soon as we can - this is a big fake out with delays and huge price increases coming, in the form of price changes or development fees, or other snake method - consensus is: take deposits and run ?

They are winterizing for this coming winter. They been wintering for a whole year 😂

Hopefully we get our update asap! If prices changes are firmed / approved, we may get our deposits q4!

Present what though lol

What will this be for ?

I think I read somewhere .. April 2025 for sure we will get our deposits back if we don’t agree to revised terms. That is our deadline. It’s also in our Tarion docs.

April is almost here .. just 7 months deadline for our deposits back.