Some comments from my perspective.
First of all, I had first heard of Van Dyke having issues with paying its suppliers approximately ten years ago. Apparently, their reputation has been well known for quite a while. Surprised that suppliers will still work with them, when there is so much other business going around.
Secondly, once the condominium owners' Board is in place (elected at the turnover meeting), there is a window in which ongoing contracts entered into by the developer on behalf of the condominium corporation (typically entered into once the corporation has been formed, but while it is still controlled by the Declarant's (Developer's) Board), the new Board has some time limited rights, under the Condominium Act, to cancel certain of these contracts. It is very important that the new Board get its legal representation sorted out quickly, and review / act on any of the ongoing contracts entered into by the developer as deemed appropriate. Contracts for supplier services should be fairly straightforward. Rental equipment in the suites or as part of the building infrastructure may be another matter.
Maintenance fees - once the new owners' Board has taken over, they will be responsible for setting the maintenance fees after the first year. Fees would normally be based on operational experience during the first year, and then adding in the costs which start to kick in once the first year is over. Typically, major equipment is covered under warranty for the first year, with maintenance charges kicking in starting in the second year. These issues may not be a major factor for town home units, but in higher rise buildings with central heating and air conditioning equipment, elevators, booster pumps, and so on, inclusion of their maintenance costs from the second year often results in a major increase to budgets.
Not sure what the prospects of getting a developer to guaranty maintenance fees beyond the first year would be - they would have to have some form of control in order to manage their costs - has to be paid for in some manner, whether up front, or through how they manage service issues.
If the maintenance fees are not realistic, and do not cover costs - at some point, sooner or later, fees would have to incur a major increase, or a special assessment may be required to cover the deficit. Unfortunately, when it comes to condominium operating costs, there is no free lunch. Unfortunately, the bills have to be paid sooner or later.