[Whatsgoingon]

Interest on deposits is regulated, and applies whether you go through with the purchase or not. For purchases before 2023 (nearly everyone in this forum bought before regulations changed) it's the Overnight Bank Rate - 2% with a floor of 0%. You can ignore 2017 through 2022 for your calculations (interest earned is $0); from 2022 through today there's roughly a total $7k interest per $100k deposit.

If you signed the new APS you should be getting straight Overnight Bank Rate (as per 2023 legislation) from the signature date onward.

Not entirely correct from 2017 approx 50K Deposit would result in 7K interest approximately to date.

 

[Whatsgoingon]

Not entirely correct from 2017 approx 50K Deposit would result in 7K interest approximately to date.

There are tools where you can calculate this, also AI models that can give you a near estimate.

 

[Deanfeb]

Yes I think 2 floors of the garage have been completed. They are at ground level now.

If at ground level then the garage is complete!

 

[gquest]

Deposit return protocol...court on May 5!

 

[Oceans13]

Deposit return protocol...court on May 5!

Got that email too

 

[Mkazda87]

Deposit return protocol...court on May 5!

Yes been going through it. Does anyone know the time the court starts. Can't seem to find the time.....

 

[Oceans13]

Yes been going through it. Does anyone know the time the court starts. Can't seem to find the time.....

Looks like 11AM

 

[July17]

 

[nicolephillipe]

Hello
For the people that are rejecting the new aps and want deposit back - what did you respond to KSV?
Thanks

 

[gquest]

Hello
For the people that are rejecting the new aps and want deposit back - what did you respond to KSV?
Thanks

Some did, few people i know didn't, they let the 30 days elapse.

 

[Babanaik]

Hello
For the people that are rejecting the new aps and want deposit back - what did you respond to KSV?
Thanks

Not going forward with the new APS, new price is the current market price and there is no surety if the project will be completed in 2027, if I am to wait till 2027 and the project will be cancelled then I have to few more years to get the deposit back

 

[2017DummyBuyer]

The people not declining new APS right away and waiting 30 days for no reason, while simultaneously asking when deposits are coming back, are the same people who voted Liberal Please do your part and decline right away if you don't want to proceed. This took longer than it should have already

 

[Deanfeb]

The people not declining new APS right away and waiting 30 days for no reason, while simultaneously asking when deposits are coming back, are the same people who voted Liberal Please do your part and decline right away if you don't want to proceed. This took longer than it should have already

Sameones will be buying Carney’s prefab houses!!

 

[Teji.chd]

I simply replied "I decide not to go ahead with this new increased pricing". Please let me know next steps to get my deposit back..

 

[VRathore]

Hi Everyone, I just checked this thread today. I purchased a B2B unit at Heartlake on May 6, 2023, and wanted to know what was happening with the project. I would appreciate it if anyone could let me know some details. I can see that some people are rejecting the new APS. Is that something that everyone is getting near the occupancy date or are they sending it out to everyone now?