Recent content by MDF

I think when they relaunch the project the 176 individuals that purchased a unit back in 2019 should tie a new unit make them do all the paperwork and then use the 10 day cooling off period to cancel it.

The situation worked in favour of Aspen Ridge. City puts permits on hold due to secondary plan and Covid hit. The developer issues unavoidable delays and sat out and didn’t Jane to do anything but cancel the project. Win win for developer as Covid and city allowing them to cancel project

Remember a few months back that builder in Barrie that sent out letter to their clients that had signed agreements back in fall of 2019 asking for $100K more otherwise they would lose the unit and got away with it. The signed APS means nothing to the homeowners and investors and protects the...

The applications to amend the Official Plan, Zoning By-law and for Site Plan approval for a 20 storey apartment building at the SW corner of Bur Oak and Markham Road, submitted by Aspen Ridge have not advanced for a Council decision as the City has been undertaking a Secondary Plan study for the...

communication as of July 2022 with City of Markham The applications to amend the Official Plan, Zoning By-law and for Site Plan approval for a 20 storey apartment building at the SW corner of Bur Oak and Markham Road, submitted by Aspen Ridge have not advanced for a Council decision as the City...

If you can find a law firm that will take on the law suit without changing a fee and take a cut of the outcome then it's worth it. I think 176 investors losing an average of $150,000 = $26,000,000 total investor appreciation loss and the lawyers take 30% or approximately $8,000,000 good for...

Aspen ridge could have given the owners the choice if they wanted a refund of their original deposits or to keep the deal with new dates for expected occupancy. They will know shortly what is happening in the area with the city new secondary plan. The builder could of waited and submitted a...

Spoke to Tarion and they indicated that when they Aspen Ridge sent the unavoidable delay notice back in 2020 they paused the critical dates in the tarion docs. Therefore protecting them from proceeding with the project. This worked to their favour because of Covid and city delays due to...

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Just received termination of APS with full refund and interest. Very disappointed with Aspen Ridge these guys are worse than the builder up in Barrie that increase the price on signed deals.