Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

[gquest]

New document on site dated June 11 , its the Factum for LAKEVIEW and LAKEVIEW 2, guess presentation to judges.

Yeah. That's the document of facts for today's motion (June 13).

 

[gquest]

Update for DXE Lakeview buyers. Motion was granted.

https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/kingsett-mortgage-corporation-and-dorr-capital-corporation-v-vandyk---uptowns-limited-et-al/notices-to-homebuyers/vandyk---dxe-notice-to-unit-purchasers---final.pdf?sfvrsn=1e3eeccf_3

 

[Deanfeb]

Update for DXE Lakeview buyers. Motion was granted.

https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/kingsett-mortgage-corporation-and-dorr-capital-corporation-v-vandyk---uptowns-limited-et-al/notices-to-homebuyers/vandyk---dxe-notice-to-unit-purchasers---final.pdf?sfvrsn=1e3eeccf_3

Nice for lakeview..

 

[jbaa1]

Nice for lakeview..

Nice, congrats to the lakeview buyers!!

Hopefully we get the same blessings for Uptown’s!

 

[HelloaBello]

Did they mention increase price for Lakeview buyers or same price?

 

[random]

Did they mention increase price for Lakeview buyers or same price?

No price increase; however, lake view prices seem to be higher than the market.

 

[Oceans13]

KSV Meg Osling replied saying the same bs as indicated on website “

“the Receiver, after discussions with key stakeholders, has determined that these Projects should be completed during the receivership proceedings in order to maximize the potential benefits to stakeholders, including the secured lenders and the existing pre-sale home buyers.”. but nothing about deposits as that was my main question.. she did not mentioned price change either soni guess we have to wait for Uptown motion report!!

Same reply for me
She added

“
As further explained in the notices on our website, the deposits are fully insured. If the agreements are terminated by the Court, the full amount of the deposits are recoverable. We are looking into if interest would be paid on the deposits, but we do not have that information at this time.



The construction agreements and financing are still being finalized, and as such, the lender has not finalized their analysis on whether there is any price increase on the project. We will be providing an update when we have this information.



Thanks,