gquest
Active Member
What is your outside occupancy date?
- Thread starter gquest
- Start date
VRathore
New Member
Jan 8, 2029. The notice period for occupancy delay is October 9, 2025.
gquest
Active Member
That's still within the project completion timeline. You might not get the option to opt out. Those getting it is for Uptowns project that presold since 2017/2018/2019/2020.
nicolephillipe
New Member
Just checking in did anyone go through lawyer with response???
Or did you just respond to email?
Thanks
Or did you just respond to email?
Thanks
VRathore
New Member
Sounds good. Thank you. I will still keep checking in here to see the updates.
athundo
New Member
No lawyer, direct reply to e-mail. I got correspondence directly from KSV this morning acknowledging my decision, and they referred me to the e-mail Osler sent about the Deposit Return Protocol meeting.
gquest
Active Member
Replied directly and got acknowledgement response, told to wait for next steps.
athundo
New Member
If I remember correctly, they are still trying to construct Heartlake. KSV might change course but no way of knowing at this point. You'll just have to sit tight for now, unfortunately. Dig through this for further details:
BABAR
New Member
Pg65 of Sixth Report - Receiver - KSV Restructuring Inc. - 29-APR-2025
Any idea what this Tarion Bond of $20,000 is? And if exhausted, Tarion can reject claims
athundo
New Member
My understanding is that our deposits will be paid back to us in full, but consist of two portions: the standard $20,000 in deposit protection that Tarion offers, and the remaining balance by Trisura. Based on how many deposits are to be refunded, Tarion will earmark a certain lump sum (the "bond") for Trisura to draw from, for each claim. I think the last paragraph outlines what happens if somehow Tarion's lump sum is fully exhausted before all claims are paid out, which then means that Trisura and Tarion consult case-by-case to get the deposit paid, as if someone was filing an individual claim with them as opposed to an organized effort such as ours. I feel like its standard legal language, shouldn't have an effect on us getting our full amount, unless someone can provide more details.
HelloaBello
New Member
Do we need to claim ourselves or tarion and trisura will return themselves upon court order? I don't know how this things works honestly
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HelloaBello
New Member
I am also rejecting new APS since new price doesn't work for me too.
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Whatsgoingon
New Member
KSV will be in court today (May 5th).
If this court date is similar to the last one, purchasers were able to ask questions.
I won't be able to attend this one.
Can someone ask the following questions?
1.) Once the Deposit Return Protocol is approved, what is the expected amount of time until deposits are returned to purchasers? Weeks? Months?
(We've been waiting since 2017/2018)
2.) Have deposits from the Kingsmill project been returned to purchasers? (Another Vandyk project)
Thank you.
If this court date is similar to the last one, purchasers were able to ask questions.
I won't be able to attend this one.
Can someone ask the following questions?
1.) Once the Deposit Return Protocol is approved, what is the expected amount of time until deposits are returned to purchasers? Weeks? Months?
(We've been waiting since 2017/2018)
2.) Have deposits from the Kingsmill project been returned to purchasers? (Another Vandyk project)
Thank you.
UptownGirl
New Member
If we're invited, I will ask your first question. But I don't think we're entitled to the answer to your second question since that is not our project, nor is the court hearing about that project.
Mkazda87
New Member
Has anyone managed to get into the court hearing?