Search results

As per the report from this site https://www.ksvadvisory.com/experience/case/vandyk. Uptowns brampton is currently under receivership. Other Vandyk projects like Ravine, Grand central mimico, Dixie and heartlake probably come to receivership after Jan 31st. Highgrove 2 is not in the...

you can find the updates regarding receivership here. https://www.ksvadvisory.com/experience/case/vandyk

Between this ad was gone I think. I saw that yesterday. But not in Kijiji today.

I don’t think you could terminate the contract. It will go to receivership first and later they would cancel the agreement or they would amend with different builder. As of now 10300 heart lake project is currently under receivership.

Let's hope they would cancel the project soon. But they keep updating the progress on receivership. you can find the latest report here...

They would take time to reply

don't know what to believe. :( They are saying our money is insured. Hopefully we could believe that, I guess.

Yes, I guess, those swindlers used the monies from Trust. Probably, we would get only our deposit without any interest.

Nope.

I think Uptowns is already under receivership. I think, January 31 deadline is for all of their other projects not for Uptowns, as ours is already under receivership. I have reached out to KSV and got the following response. "We are currently in the process of gathering information and...

Why Johnny is not with Vandyk? It is family run business, right. Then how come. I think some shady stuff is going on. Probably creating an image of isolating Johny from their scam.

Yes, we had a conversation regarding upgrades before. Most probably, upgrades monies are gone. Vandyk already swindled.

Between google is saying Vandyk is 'Temporarily closed'. I think they are out of business.

I contacted them few days back. They told that they are in the process of gathering information and evaluating options for the project. so, I think they might have inspected the location and status of the project.

Their website is suspended and google says their business is permanently closed.

does that mean they are out of the country? will it impact the receivership process and buyers deposits?

yes, it seems ECDI will cover the deposits more than $20,000. Also developer cant access our deposits without ECDI. So, it appears our deposits are safe and 100% insured. fingers crossed !!!!

"The Receiver understands that the Unit Buyers’ deposits are insured by Tarion Warranty Corporationand excess condominium deposit insurance provided to the Company by Trisura Guarantee InsuranceCompany" does that mean our deposit is 100% insured? 20k from Tarion and remining from ECDI?

Vandyk narratives are the words written on water. They would change as per circumstance. After January, they would release different statements.

rofl. it is not gonna happen. It is gonna be current market price. I dont think, they would give special deal for the buyers. so, don't have your hope high. Why new builder has to consider us? They will have enough time to relaunch the project with fresh time lines.