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You should have a copy of the money drafts / cheques provided to Vandyk, as well as the confirmation letters that they received your deposit and held it in trust.

Exactly, but the original contracts are terminated on April 25th regardless. So you can expect 6-8 months from now. The last batch of APS (if they truly intend to continue this process) should be sent out this month latest, because you are entitled to 30 days to make a decision.

Based on the fact that KSV hasn't sent out any new APS since the last batch, it is likely they have assessed project costs versus accepted and non-accepted APS and will terminate all existing contracts. It's nearing the 30 day mark for the Termination date of the April 25th Purchasers. (49 days...

Once deposit protocol is approved by the courts up to 6 months at most. Likely earlier based on what I've experienced with other project. Contracts terminate in April 2025. Deposit return protocol is then facilitated by KSV, Tarion and Aviva. Then the courts are presented with the protocol. Then...

Radio silence...

These prices are above current market value... so why would you even consider. Appraisal wouldn't even come in for the prices theyre asking. Waisting time at this point.

Best things to do is decline the new APS. No one knows the future just like we didn't when we signed the original contracts. Regret the day I trusted Vandyk. You're willing to trust for another 2 years... possibly even more. Smh.

At this point. I just want my deposit, back. Potential tariffs will bring "unprecedented delays" similar to the excuses that were used during the pandemic. Can't believe people are actually considering to move forward. Or this page could be full of KSV agents pushing falsehoods.

When do you have until for your APS?

My thoughts are that 30 days before April 25th we will get the APS to make a rushed decision. Which is unfair.

My thoughts exactly. Comparable properties and projects are clicks away to see if market value is what's actually being offered. A potential 2027 closing is 10 YEARS total. The risks outweigh the "potential gains".

Anyone recently get their APS? Anyone receive any communication after turning down the new APS?

The Kingsmill project deposit return protocol was sent to court and approved in Q4 of 2024. Anyone know if those purchasers were paid their deposits as of yet?

Hey, so I was looking at one of the KSV documents on the website, and saw some outside occupancy dates—April '25 and March '26, I think. How's that gonna affect the deposit return for the April '25 folks? Do they have to wait for the March '26 APS decision too, or what?

What month of 2017 did you purchase?

Any updates? What was the specific line mentioning regarding deposits in trust?

Does anyone have any idea of what would be a reasonable approximate expectation of the time line. Are we looking at a couple months out from our deposit to be returned or years? Once, declined of course.

Does this not apply as the timeline for returning of deposits? For new condominium units, if a purchase agreement is terminated by the builder, the purchaser’s deposit must be returned in full within 10 days of the notice confirming the termination. As the funds are required to be held in a...

From Tarion Website Deposits on condominiums There are two levels of deposit protection for purchasing a condominium unit. First, builders of condominiums are required by law (the Condominium Act) to place all deposits in trust – which means your deposit is fully protected. If your purchase...

Three questions: 1.) At what point after declining the APS offer should we anticipate receiving our refunded deposits? / Is there a required amount of time? 2.) Has anyone from this forum declined their APS, and what was the response; if any? 3.) Given that some may have termination dates of...