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

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 ?
 
jbaa1 said:
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 ?
Click to expand...
Just wondering when they will issue the amendment ? maybe just lose to apr2025
 
jbaa1 said:
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 ?
Click to expand...
Yes I will take deposit
 
jbaa1 said:
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 ?
Click to expand...
Will stay if price changes are <= 50k; otherwise, taking deposit. Purchased Haven at 640k, not sure what the increase will be.
 
random said:
Will stay if price changes are <= 50k; otherwise, taking deposit. Purchased Haven at 640k, not sure what the increase will be.
Click to expand...
be careful with the development fee. They wont talk about this till your occupancy date. If you capped it, then it won't be an issue.
 
SRAMP said:
be careful with the development fee. They wont talk about this till your occupancy date. If you capped it, then it won't be an issue.
Click to expand...
Not capped I believe, I doubt any fees will be over 50k? Or is that still possible. Can an amendment be done before accepting the late closing?
 
random said:
Not capped I believe, I doubt any fees will be over 50k? Or is that still possible. Can an amendment be done before accepting the late closing?
Click to expand...
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.
 
jbaa1 said:
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.
Click to expand...
So if they cancel current agreements, then we can cap dev charges?
 
random said:
So if they cancel current agreements, then we can cap dev charges?
Click to expand...
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.
 
1726870180440.png


Looks like occupancy date for block 5 to 9 might happen by October 2025...lol.

Wondering if they'll have to pay occupancy fee for 1 year before closing...since the last set of blocks won't be completed until October 2026 at the earliest.

Expect if the builder register the buildings individually and buys could close within 3months of occupancy.
 
gquest said:
View attachment 597722

Looks like occupancy date for block 5 to 9 might happen by October 2025...lol.

Wondering if they'll have to pay occupancy fee for 1 year before closing...since the last set of blocks won't be completed until October 2026 at the earliest.

Expect if the builder register the buildings individually and buys could close within 3months of occupancy.
Click to expand...

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.
 
You must log in or register to post here.

Back
Top