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Haha tbh I remained grounded because I knew the project (best case scenario) would be delayed until at least 2023. With interest going to basically 0%, it was pretty obvious what was going to happen lol. I did think the prices would come back down to 700k range. And I was actually aiming to...

Yep! Externally, lenders may also be making claims and have lawsuits outside of Uptowns, targeting personal and other business assets of VANDYK; in and out of Canada. Cash, assets, bank, investments, estate, family, etc. I think Uptowns project is just one piece of this entire equation re VANDYK.

I’m on your side here. If even any change is made : time or money … I’m out. And I believe many feel the same.

Spoke with KSV. Notes: - uptown’s won’t be sold, they are managing the project, nor will it be cancelled - the lenders are determining if they need more money out of the project - currently nothing is changed - ultimately: it can continue as is, or more money will be asked - if more money is...

Fair. It’s been a twilight zone of an experience.

Hypothetically if they offered completion no price increase, but extension to 2026.. would you accept? Or take your deposit?

Yes in that case the project will be void. KSV may decide the best route is to just take the money they know they have on the table and finish up quickly. As opposed to adding another 2~3 years in lost timd and opening a whole can of new costs and new work. I just can't see the additional...

If a large enough amount of people disagree to the extension and new price, they risk jeopardizing the whole project and will have to scrap it, and start from new. From what I gather, so many people are turned off and frustrated and will take their deposit and walk away at the earliest...

Say for $60k more per unit on average, do you think it's worth it to cancel all the agreements and start the whole thing again from scratch, as well add another 2-3 years to the process? This is kind of what I'm thinking about with regards to cost v benefit of completing as is v starting again.

What did the 2018 (or later) buyers pay for Oasis? I have heard many prices across the board for the various units.

Nov 2017 - 570k oasis, 330k patio end

They can take longer than occupancy. They will just be liable for penalty payments to buyers. As well, buyers can exit the agreement. Alternatively they may ask buyers to sign agreed extension on the April 2025 date for the interest of completing the project and maximizing gains for all...

Inclusion rate , interest rates , immigration house purchasing restrictions .. all impact the market

UPtowns - if they do up new contracts, what is the upside potential? $35 million, $40 million? Prices of current pre con isn’t that high, and builders are having to offer all sorts of discounts and incentives to sell. Now what is the cost of time, expenses, opportunity cost of going through...

I think t CD Trudeau just implemented new tax laws that will suppress housing prices, plus their housing strategy. Market is going to be bad for a couple of years still. I don’t see much market gains to be had, it will be tough to sell pre construction. Everybody knows now that pre...

How much more could they really ask? The market isn’t great, interest rates are still high. Also there’s a lot of cost associated with cancelling, legal fees, advertising a new project, paying agents, new permits, reopening the sales office, doing up new agreements, finding buyers, and all of...

We all just want the deposits, photos , progress , all just distraction lol

Oh I didn’t know that, that would be great. Anybody know when their deadline is to sell, and they must provide us our deposits back?

I’m preparing for April 2025 , which is outside occupancy. I can’t imagine anyone trying to buy uptowns, unless KSV is willing to sell for 10c on the dollar. There’s nothing done.

Yeah, like a couple more. Not so many. I didn’t see them last year. Stilll looks like moving very slowly.