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Didn’t Ksv or the lawyers holding deposits confirm the deposits were safe and intact ?

It’s not in Ksv interest to deal with this quickly. The longer it takes, the more they make in billables.

It could take until April 2025 to get something firm

Oh yeah we are giant losers lol … of all the projects we could have chosen, or just existing home , we managed to pick the worst of the worst 😂

Shoutout to everyone in this thread.. definitely leading all of Urban Toronto in activity !! 🫶

I’m too dumb to understand any of this 😂

Not sure all the details , just showing long closings is possible. Uptown’s can still close on current contract even in receivership. Anything is possible at this moment.

how long do these next steps usually take?

They’re laughing, selling and making a killing with 9 years appreciation

A buddy of mine who’s in real estate showed me a unit / development that closed, 9 years from purchase date lol

Pin this lol

Fair point

Do you think in this scenario, they would maintain the existing purchase agreements? Or cancel and resell at higher prices?

So does this mean Uptowns, Heartlake deposits are all safe still with the lawyer? And we won’t have problems getting it back?

Oh - get some cash for the difference between contract price and market values. That would be nice for sure.

Count me in! This would be separate from the deposits we are owed though, so additional money right? What do you mean “as of unit prices today”? Can you find the lawyers in the Reddit thread, perhaps we can reach out to them as well and get something started.

Vandyk probably make new company or use other members of their family, buy it for cheap, and increase the contract price lol. Geniuses.

Can they decide to cancel the project and just sell off assets of Vandyk? And take possession of their assets, bank accounts, etc? To cut everyone’s losses?

Jan 31 can’t come soon enough, really looking forward to the deposits back. Hopefully we can get them quickly, and don’t fall at the bottom of the priority list.

If projects are all being put in receivership before Jan 31.. what is the significance of the Jan 31 date? What is supposed to happen by Jan 31?