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I did some research on it. It seems they can’t touch our down payment when it is with trustee. But don’t know if there are any loop holes for builder to access those. Only lawyer can advise on this. Or we will know in a year I guess.

They have mortgage and construction liens on all of their projects like backyard condos, Grand Central Mimico. They are in total financial mess. Government needs to crack down on shady builders like Vandyk.

Thanks a lot for this article. yours is much detailed and covers concerns from every end. Hopefully it would move something. Now as a buyer, I know to some extent what is going on behind Vandyk projects. It seems like they are going bankruptcy. We are hoping atleast, we would get our down...

Another article about Vandyk. https://www.theglobeandmail.com/real-estate/article-toronto-builders-projects-stalled-as-legal-woes-mount/

Another Article about Vandyk. https://www.theglobeandmail.com/real-estate/article-toronto-builders-projects-stalled-as-legal-woes-mount/

Another article about Vandyk. https://www.theglobeandmail.com/real-estate/article-toronto-builders-projects-stalled-as-legal-woes-mount/

Another article about Vandyk. https://www.theglobeandmail.com/real-estate/article-toronto-builders-projects-stalled-as-legal-woes-mount/

Another article on Vandyk. https://www.theglobeandmail.com/real-estate/article-toronto-builders-projects-stalled-as-legal-woes-mount/

Let’s wait and see. But if they are not paying interest means they are breaching the contract. We could entitled to sue them. Also we are not sure if Vandyk is going bankrupt. Their Etobicoke projects are progressing as expected. So let’s wait and see.

I think Vandyk won’t provide interest on our deposit. Since our funds are with Trustee, interest would be accumulated on our funds. Also inread the contract. They have to return our deposit with interest compounded. But did nt mention about rate.

Others can also talk to Global and mail. You can email your concerns, he would call you. Shane Dingman I Reporter p: 416.585.5230 I e: sdingman@globeandmail.com

I did. I think they are doing research on all of their projects. Let’s c what will they report.

I won’t. But I don’t think they would compete the project.

They would amend the prices for our initial phases. I could not find a scenario, they could complete project with 2017/18 price.

Check out the availability, they only released few units. I think, simply to create demand.

is this a joke???? 3 bed staked town house for $1.2 million. I feel really sorry for those who booked that unit. Between we need to be sorry for ourselves :)

But they released only few units for phase 3/4. I have enrolled for those phases, just to check. It seems like they sold only around 30 to 50 units. But they might hold the units just to create demand, only God and Vandyk know.

That is the problem here. Builders are having upper hand . It seems like they are not obliged to answer anything till their critcal dates. And after that they would blame this 'Global Circumstances' and cancel the project. Even if it would be due to these Global circumstances, why didnt they...

https://www.cbc.ca/news/canada/toronto/preconstruction-project-delay-brampton-1.7000430 Article about Brampton Townhome project by the same developer (Vandyk Properties). Now they have so much debt and lawsuits against the project

https://www.cbc.ca/news/canada/toronto/preconstruction-project-delay-brampton-1.7000430 Article about Brampton Townhome project by the same developer (Vandyk Properties). Now they have so much debt and lawsuits against the project