Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

Deanfeb said:
https://twitter.com/x/status/1782413723455430770
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This is why I’m saying given the economy and sensitive situation with the uptown’s buyers … there is a chance they just build as fast as possible and close this up, and move on.

Economy is really crappy, new condo / precon are not selling.

Only thing selling is receivership contracts. Receivers getting rich!! 🤑 😂
 
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random said:
I doubt they’ll raise prices that much.
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Some buyers wont be able to close with today's interest rates and others would back out regardless. If they ask for $1k then they might as well ask for $200k as they'll find themselves in a tough place.

It seems safest to write-down the loss, trim the budget as much as possible (finishes), and force existing firm buyers to close ASAP.
 
rbt said:
Some buyers wont be able to close with today's interest rates and others would back out regardless. If they ask $1k then they might as well ask for $200k.

It seems safest to write-down the loss, trim the finishes budget, and force existing firm buyers to close ASAP.
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Agreed. This or cancel.
 
random said:
Yep, I just see them asking for an extension on the occupancy date and then start building
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I think they won’t even ask for extension.

They’ll just deliver late, and bank on that people won’t cancel seeing that there is significant progress.

And if any interest claim on late delivery, just take the L if required.
 
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Recent update from KSV. Hopefully we would get an update soon.
 
SRAMP said:
View attachment 558836
Recent update from KSV. Hopefully we would get an update soon.
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This is why I was saying.. I think there's a chance they just complete and get their money asap, monetize the project and get everyone paid.

And on another front, the lenders could be suing Vandyk for misappropriated funds and attacking: estate, other businesses, assets, personal properties, cash.. in Canada, USA, and wherever it can be traced around the world.
 
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jbaa1 said:
This is why I was saying.. I think there's a chance they just complete and get their money asap, monetize the project and get everyone paid.

And on another front, the lenders could be suing Vandyk for misappropriated funds and attacking: estate, other businesses, assets, personal properties, cash.. in Canada, USA, and wherever it can be traced around the world.
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seems the judge granted the additional loan to KSV for UPTOWNS..document there April 22..
 
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