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I don’t have hope. If it goes to new builder or if they amend the price. It would be definitely new contract. That means new closing date. In that case builder does not need to worry about sales. Since they would have enough time for sales and completion. Only thing I am waiting for is the...

I have a doubt here. Our outside occupancy date is April 2025. How could they complete before that? They have whole lot of work to do. How could they get funding and continue the project before deadline? Or will they announce another unavoidable delay due to receivership process?

I booked the unit in 2018. So definitely they won’t continue with that price. If they amend the price definitely I will opt out of contract. I’m not sure about the build quality of these buildings Read about build quality and resale value of 36 lisgar . Which was the last building by urbancorp...

I don’t think receiver would complete the project. They are not builders. More over if you see the document in KSV site. It clearly mentioned that they are doing winterizing the project with $300000 mortgage. They would facilitate the sales of the disputed property. Even if the project...

probably portion of Hearlake projects are freehold. I have seen the ad, they had different kind of plannings ranging from staked townhouses to row townhouses. Probably few of the row townhouses are freehold ones. I am not sure. If any purchaser from Heartlake here in this forum. They need...

If it is freehold. I think deposits are insured up to $100,000

This project is now under receivership. https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/fiera-fp-real-estate-financing-fund--lp-v-1000318652-ontario/court-orders/receivership-order-dated-january-18-2024.pdf?sfvrsn=92b9366e_1

Their Wabash project is also under receivership now. I think, all of their projects are now under receivership...

Both are different. Uptowns are condo project. Heartlake seems like freehold project.

latest news on Vandyk properties. https://www.theglobeandmail.com/real-estate/article-receiver-appointed-to-five-more-toronto-area-housing-projects/

you can find the latest update on Heartlake here. https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/notices-to-home-buyers/vandyk---notice-to-unit-purchasers-dated-january-9-2024---final.pdf?sfvrsn=621084b3_3

As per the report from this site https://www.ksvadvisory.com/experience/case/vandyk. Uptowns brampton is currently under receivership. Other Vandyk projects like Ravine, Grand central mimico, Dixie and heartlake probably come to receivership after Jan 31st. Highgrove 2 is not in the...

you can find the updates regarding receivership here. https://www.ksvadvisory.com/experience/case/vandyk

Between this ad was gone I think. I saw that yesterday. But not in Kijiji today.

I don’t think you could terminate the contract. It will go to receivership first and later they would cancel the agreement or they would amend with different builder. As of now 10300 heart lake project is currently under receivership.

Let's hope they would cancel the project soon. But they keep updating the progress on receivership. you can find the latest report here...

They would take time to reply

don't know what to believe. :( They are saying our money is insured. Hopefully we could believe that, I guess.

Yes, I guess, those swindlers used the monies from Trust. Probably, we would get only our deposit without any interest.

Nope.