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

Deanfeb said:
Pass site today men working new materials tubing, piping etc preparing ground
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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.
 
jbaa1 said:
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.
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jbaa1 said:
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.
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Dont matter , already approved to build n getting cash from lender, will sell to any purchaser after completion!!
 
Deanfeb said:
Dont matter , already approved to build n getting cash from lender, will sell to any purchaser after completion!!
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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.
 
jbaa1 said:
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.
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Anticipation of price increases in 2 years plus lender want back previous cash loan to vandyk..they already have their numbers lined we just have to see what they put in notice to buyers..
 
Deanfeb said:
Anticipation of price increases in 2 years plus lender want back previous cash loan to vandyk..they already have their numbers lined we just have to see what they put in notice to buyers..
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Would be great if they could speed it up, would be nice for my (and my bro’s) deposit back before Christmas lol.
 
Deanfeb said:
Anticipation of price increases in 2 years plus lender want back previous cash loan to vandyk..they already have their numbers lined we just have to see what they put in notice to buyers..
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Yeah, I agree with this. They believe current prices is the max loss they'll make and the market can get better over the next 24 months as interest rate reduce a bit. @jbaa1 note that "in the best interest of stakeholders" does not include buyers 🙄
 
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@Deanfeb @jbaa1 @Michelle C and all...

It is official. KSV is asking for more money!!! Check your emails

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THE MOTION IS FOR
1. An order abridging the time for, and validating service of, this Notice of Motion and
supporting materials such that the motion is properly returnable on October 15, 2024 and
dispensing with further service thereof;
2. An Ancillary Matters Order, substantially in the form of the draft order included in the
Motion Record, among other things:
(a) authorizing the Receiver to negotiate and enter into the APS Amendments (as
defined below) in respect of the Pre-Sale APSs (as defined below);
16
- 3 -
(b) authorizing and directing the Receiver to terminate and disclaim the Pre-Sale APSs
with Uptowns Project (as defined in the Fifth Report of the Receiver) home buyers
that do not enter into an APS Amendment by the APS Amendment Deadline
 
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